1. The minimum balance to open this account is $250. Interest is paid quarterly on a calendar year basis. Interest will not be paid for any day the balance is below $250.
If the average balance in the quarterly statement cycle is below $250 a $2 service charge will be assessed. Withdrawals in excess of six per quarter will be charged $2 each. Accounts closed within 90 days of opening will incur a $5 charge.