Interest is accrued on a daily collected balance and is credited and compounded monthly. Transaction limitations are set by federal regulation. You are limited to 6 transfers per month to another account with us or to a third party by means of a pre-authorized, automatic, or telephone arrangement. No more than3 of these may be by check to a third party. The Planters Bank Savings Account is a great way to start the savings habit.
Young savers can earn interest regardless of the account balance.
There is no service charge for customers under 18 years of age. Your Planters ATM card can be used with this account. The interest rate for this account is determined at our discretion. The interest rate and corresponding annual percentage yield are subject to change at any time. Interest will be credited and compounded quarterly.