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.
A $3.50 fee will be applied every statement cycle if balance falls below $100.00
Transaction limitations of 6 transactions per monthly statement cycle. A $5.00 fee per transaction for each one over six.
Interest will compound and be credited monthly. If you close your 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 daily periodic rate to the principal in the account each day.
Accrual on noncash deposits begins to accrue on the business day you deposit the item.
