Savings

 

 

Minimum Balance
to open account
Monthly Fee Interest Information     Interest     Paid Earnings Balance
Calculation
Compounding
Savings $1 N/A Variable Rate Yes Daily Balance Simple Interest paid monthly
Money Market Savings $2,500 N/A

 Variable Rate

Tiered Average Daily Balance Simple interest paid monthly

Savings

An easy and convenient way to save with no minimum balance requirement.  Transfers from a savings account to another account or to third parties by a preauthorized, automatic, or telephone transfer are limited to six per month.  You will receive a statement in any month in which you have an ATM or EFT transaction, otherwise statements are sent quarterly.  The interest will be added to your account monthly.  The interest rate can change daily.

Money Market Savings

A savings plan that offers a higher rate of interest.  You must maintain a $2,500.00 average daily balance to earn the higher rate of interest.  If the average daily balance falls below $2,500.00 you will earn the lower tiered rate of the Money Market Savings account.  Transfers from a Money Market Savings account to another account or third parties by preauthorized, automatic, or telephone transfer are limited to six per month.  Statements are sent monthly.