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July 30, 2014

Statement Savings

At a glance

A secure, FDIC insured, interest bearing savings account.

Features

  • A variable interest rate that may change weekly, not tied to any index.
  • Interest is compounded quarterly and paid each February, May, August and November.
  • Withdrawals are generally limited to 6 per month.

Fees

  • No maintaince fee if the account maintains an average daily balance during a month of over $100. Otherwise a monthly maintenance fee of $2.00 is imposed.
  • An excess withdrawal fee of $1.00 is charged for each withdrawal in excess of 6 per month.

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