Statement Savings
Open Now A basic savings account, where your money works for you.
The Statement Savings offers the following:
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Interest bearing account
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Monthly statement
Recommended if you:
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Have $100 or more to invest, or cannot commit your funds for a specific amount of time
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Want to separate your excess funds from those you keep in your checking account for day-to-day expenses
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Are saving for a large purchase
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Want to earn interest and do not need check access
Benefits:
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Offers maximum liquidity
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Earn interest on your money
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Unlimited use of TeleBank and/or Online Banking, which makes it easy to transfer funds to your checking account
Important Facts:
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Minimum to open: $100
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Can make up to two withdrawals per statement cycle before a fee is incurred
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Can make 6 transfers by preauthorized, automatic, check or draft to third parties
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Monthly statements
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Interest compounded and paid monthly
Fees:
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Withdrawal fee: $2 each after two per statement cycle
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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: