1. as long as minimum or average daily balances are maintained.
Our Savings Account earns an exceptional return. Start your account with as little as $250. Your account will earn interest at the current rate on collected funds. Interest is compounded quarterly. A minimum average daily balance of $250 is required on this account. The average daily balance is calculated by adding the principal in the account each day and dividing that figure by the number of days in the fee period.
The minimum balance on 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.
* Annual Percentage Yield. Interest Rates are subject to change without notice. Fees may reduce earnings. APY effective 08.02.17.