This account has a monthly maintenance fee of $0.50 and a fee if $0.14 per debit. However, the account has an earnings credit that can offset the fees. The investment credit is $0.40 per $100.00 or an annual percentage of 4.80%. This is based on the minimum balance in the account during the monthly cycle.
Minimum deposit to open is $50.00. A maintenance fee of $6.00 will be imposed every statement cycle if the daily balance on any day of the statement cycle falls below $10.00
You must maintain a minimum daily balance of $10.00 in the account each day to obtain the annual percentage yield. You will earn interest for every day during the period that your account equals or exceeds the minimum daily balance requirement.
Compounding & crediting interest will be done quarterly.
If you close the account before interest is credited, you will not receive the accrued interest.
We use the daily balance method to calculate interest on your account. this method applies a daily periodic rate to the principal in the account each day.
You may make six withdrawal(s) from your account every month. Each withdrawal over six is $1.00 per withdrawal.