Perfect if you want a savings account with check writing capabilities.
- $50 minimum deposit to open account
- Earn interest on a tiered format based on average daily balance:
- Less than $1000
- $75,000 and above
- No monthly maintenance or activity fee with a minimum daily balance of $1,500 and less than six transfers and/or withdrawals
- $8.00 monthly maintenance fee if daily balance falls below $1,500 during the month
- $7.50 monthly activity fee if transfers and/or withdrawals exceed six per month*
- Interest is credited monthly
*In the past, Federal Regulations limited ‘specific’ debit transactions to six (6) per month on all Money Market / Savings accounts. Effective Friday, April 24th, The Federal Reserve Board announced a change to this rule. This interim rule now allows “Unlimited” withdrawals on Money Market and Savings accounts. Until further notice, you are no longer limited to six (6) withdrawals per month.