to open account
|Monthly fee||Interest Information||Interest Paid||Earnings Balance Calculations||Compounding|
|Yes||Daily Balance||Simple interest paid monthly|
|Money Market Savings||$2,500||N/A||
|Tiered||Average Daily Balance||
Simple interest paid monthly
An easy and convenient way to save with no minimum balance requirement. Transfers from a Savings account to another account or third parties by 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 lowest tiered rate of the Money Market Savings account. Transfers from a Money Market Savings account to another account or to third parties by preauthorized, automatic, or telephone transfer are limited to six per month. Statements are sent monthly.