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Personal Banking
Personal Savings
Comparison of Savings Accounts
| Account | Check Return | Restrictions | Unlimited Check Writing | Balance Requirement | ATM/ Debit | Svc Fee |
|---|---|---|---|---|---|---|
| Young Investors Savers | NA | Minors only | NA | NA | No | NA |
| Traditional Savings | NA | Limited w/d | NA | $300 | No | $5 quarterly if below $300 |
| Money Market | Image Only | Limited to 6 w/d per cycle | NO | $1,000 | No | $10 |
Young Investors Savings
Account Benefits
- Quarterly statements
Minimum Opening Balance… $0
Maintenance Fee… None
Minimum Daily Balance to avoid Maintenance Fee… N/A
Average Monthly Balance to avoid Maintenance Fee…N/AInterest Computing and Crediting Method
Daily balance method on collected balances. Interest credited quarterly.Transaction Limitations, Activity S/C and other conditions
- For young investors under 18
- Parent or guardian required as signer on the account
- Withdrawals or transfers in excess of 6 per quarter are $2 each (Activity Service Charge)
Traditional Savings
Account Benefits
- Quarterly statements
Minimum Opening Balance… $100
Maintenance Fee … $5 Quarterly Low Balance Charge
Minimum Daily Balance to avoid Maintenance Fee… $300
Average Monthly Balance to avoid Maintenance Fee… N/AInterest Computing and Crediting Method
Daily balance method on collected balances. Interest credited quarterly.Transaction Limitations, Activity S/C and other conditions
- Withdrawals and/or electronic/phone transfers in excess of 3 per month are $2 each (Activity Service Charge). Avoid this Transfer Fee by maintaining a $1,000 minimum daily balance.
- If the daily balance falls below $100, no interest will accrue for that day.
Money Market
Account Benefits
- Free Imaged Statements
- Free ATM/Visa CheckCard (must qualify)†
- Tiered interest rates provide higher rates for higher balances
Minimum Opening Balance… $1,000
Maintenance Fee… $10
Minimum Daily Balance to avoid Maintenance Fee… $1,000
Average Monthly Balance to avoid Maintenance Fee… N/AInterest Computing and Crediting Method
Daily balance method on collected balances. Interest credited monthly.Transaction Limitations, Activity S/C and other conditions
- Limited to 6 withdrawals and/or electronic/phone transfers per cycle (3 if by check, draft or similar order to third party)
- Check transactions to third parties in excess of 3 per cycle will be $15 per check (MM Activity Charge)
- Unlimited cash/ATM withdrawals may be made in person
- If the daily balance falls below $1,000, no interest will accrue for that day.
