Rates are subject to change. Calculated daily on the daily ending collected balance. Interest is accrued daily and paid quarterly to the account on the account cycle date. No fee is charged for the first three withdrawals per month. Regular Service Fee Schedule applies for other special transactions.
Quarterly statement generated on cycle date, lists deposits, withdrawals and service fees.
If an Electronic Funds Transfer occurs, a monthly statement will be generated for the month in which the EFT occurs. If the customer elected to combine the Savings Account Statement with a Checking Account Statement, Savings Account information will be included monthly on the Checking Account Statement. Annually a 1099 will be mailed directly to the account holder by Tax Identification Number. Allows the customer to establish their own savings program based on budget limitations and savings goals. No maturity date and no early withdrawal penalties.