Personal Savings Account

MINIMUM DEPOSIT TO OPEN INTEREST EARNED Fees

$50

Yes

Yes, unless minimum balance and transaction requirements are met.

Overview

A savings account with a low minimum balance requirement and the ability to earn more when you maintain a higher balance.

Key features

Earns a higher interest rate on the portion of your account balance that equals or exceeds $10,000, $25,000 or $50,000.

  • Unlimited number of withdrawals made in person or at an ATM
  • Up to six pre-authorized, automatic, or telephone transfers or debit card transactions permitted per month
  • Minimum balance requirement and monthly maintenance fees are waived for account owners under the age of 18
  • Convenient account access
  • No checking account required

Interest earned

Variable interest rate and Annual Percentage Yield (APY).

Interest compounded and credited quarterly.

Fees

$3 fee per quarter if the account balance falls below $250 any day in the statement cycle.

$10 per pre-authorized, automatic, or telephone transfers or debit card transactions in excess of six per month.

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