Statement Savings
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