SAVINGS ACCOUNTS

 

 Passbook Savings¹

 Money Market Savings¹

 Student Savings¹

 Health Savings Account

 

 MINIMUM TO OPEN

None None   None  $100

 MINIMUM DAILY BALANCE

 $100  $2,500  None  $100²

 INTEREST

 Yes, tiered:

  • $100.00-$999.99
  • $1,000.00-$2,499.99
  • $2,500+

 Yes, tiered:

  • $0-$9,999.99
  • $10,000.00-$499,999.99
  • $500,000+

Yes, tiered:

  • $100.00-$999.99
  • $1,000.00-$2,499.99
  • $2,500+ 

Yes, tiered:

  • $100.00-$999.99
  • $1,000.00-$2,499.99
  • $2,500+

FALL BELOW FEE

Yes Yes None Monthly Maintenance Fee

INTEREST COMPOUNDED

Quarterly Monthly Quarterly Monthly

 Transaction Limitations¹

Preauthorized transfers are limited to six per month

  • Types of Transactions that fall within the six month limitation:
    • ACH debits
    • Transfers from a customer's savings account pursuant to a preauthorized agreement to cover overdrafts on a transaction account
    • Transfer from a savings account at the telephoned request of the customer
    • Internet banking transfers
    • Electronic funds transfer

Health Savings Accounts

A Health Savings Account (HSA) is a medical savings account. All deposits in an HSA are made pre-tax and withdrawals are used to pay health-related expenses. For customers to take advantage of an HSA, they must be enrolled in a high-deductible plan.

²You must maintain a minimum daily balance of at least $100.00 in the account to obtain the Annual Percentage Yield