Earn interest compounded daily, regardless of the balance. In addition to the benefits of our GrandLion account, we offer interest, compounded daily on the collected balance, bank stock checks at no charge, cashier checks and money orders at no charge, and an estate plan review and consultation. Six pre-authorized withdrawals per statement are permitted, three of which can be third party checks. Savings Fidelity's savings account lets you earn interest, compounded daily and credited quarterly. Daily compounded interest is earned on maturities of one year or longer, and simple interest is earned on maturities under one year.
Interest is paid monthly, quarterly, semiannually or annually.
Interest earned is not subject to federal income tax until it's withdrawn and, depending on your income, your contribution could be partially or fully tax deductible. Direct Deposit Direct deposit offers you the security and convenience of knowing your money is deposited automatically each month. Your salary, dividend, pension or social security checks can be deposited and credited to you immediately. Receive a no fee regular Personal Checking account when you set up with Direct Deposit. Loan Services Overdraft Protection Avoid the hassle of costly overdrafts.