Interest bearing checking account designed for customers 55 years and older
Minimum Balance to Open the Account:
Monthly Maintenance Fee:
None if minimum balance requirement is met; otherwise $5
Minimum Balance Requirement:
$1,000.00 during each statement cycle in this account or in a combination of savings, checking, money market or certificate of deposits accounts.
Transaction Fees and Limitations:
At least one of the account holders must have reached the age of 55 to open this account.
Interest Compounding and Crediting Frequency:
Interest will be compounded monthly and credited to the account monthly.
Daily Balance Computation Method:
Minimum Requirements to receive the above benefits:
- You can purchase up to two (2) cashier's checks or money orders every month free of charge.
- Notary service available.
Effect of Closing an Account:
- $50 will be charged if the account is closed within 90 days of account opening.
- If the account is closed before interest is credited, the accrued interest will be forfeited.
Savings Overdraft Protection:
Imaged copies of cancelled checks will be enclosed in the monthly statement