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Statement Savings

Open Now A basic savings account, where your money works for you.

The Statement Savings offers the following:

  • Interest bearing account
  • Monthly statement

Recommended if you:

  • Have $100 or more to invest, or cannot commit your funds for a specific amount of time
  • Want to separate your excess funds from those you keep in your checking account for day-to-day expenses
  • Are saving for a large purchase
  • Want to earn interest and do not need check access

Benefits:

  • Offers maximum liquidity
  • Earn interest on your money
  • Unlimited use of TeleBank and/or Online Banking, which makes it easy to transfer funds to your checking account

Important Facts:

  • Minimum to open: $100
  • Can make up to two withdrawals per statement cycle before a fee is incurred
  • Can make 6 transfers by preauthorized, automatic, check or draft to third parties
  • Monthly statements
  • Interest compounded and paid monthly

Fees:

  • Withdrawal fee: $2 each after two per statement cycle
  • If your average daily collected balance for the statement cycle falls below $200, your account will be subject to a maintenance fee of $3.00

Statement Savings Forms:

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