Savings & Money Markey Accounts

 

Account Name   Minimum Opening Balance   Service Fee¹   Interest Credited²   Additional Information
Statement Savings   $100   $1 each quarter if quarterly average balance is less than $100.00. Service fee is waived for minors under age 18.   Quarterly   Interest begins to accrue on the business day you deposit non-cash items.

Transfers from a state savings account to another account or to third parties by preauthorized, automatic, or telephone transfers are limited to six per month with no more than three by point-of-sale or similar order to third parties.

                 
HIFI   $1,000   None, unless the minimum daily balance falls below $1,000, then the service charge is $7.00   Monthly   This account is restricted to a maximum of six pre-authorized, automatic, or third party transfers per month, of which no more than three can be checks.
                 
Super HIFI   $10,000   None, unless the minimum daily balance falls below $10,000, then the service charge is $10.00   Monthly   This account is restricted to a maximum of six pre-authorized, automatic, or third party transfers per month, of which no more than three can be checks.
 
Interest Rates can change daily.
 
¹ We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
² The average balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in that period. If you close your account before interest is credited, you will not receive the accrued interest.

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