Minimum balance to open:
Minimum balance to avoid fees:
$3.00 per quarter if balance is less than $100
Compounded quarterly, credited every quarter.
We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Transactions from this account to another account or to third parties by preauthorization, automatic, or telephone transfer are limited to six per month with no transfers by check, draft, debit card or similar order to third parties.
Excessive Withdrawal Fee:
$1.00 per debit fee for excessive activity will be charged for each debit transaction (withdrawal, automatic transfer or payment out of this account) in excess of three during a quarter.
Closing an Account:
If you close your account before interest is credited, you will not receive the accrued interest.