A secure, FDIC insured, interest bearing savings account.
Best For
Individuals who want quick access to their funds while still earning a competitive interest rate.
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. Customers with a checking account at Legends Bank may access their savings account through their ATM or MasterMoney debit card for cash withdrawals from ATM machines. Withdrawals generally limited to 6 per month.
No minimum balance to earn interest.
Fees
No maintenance fee if average daily balance is over $100; otherwise, $2 monthly fee. An excess withdrawal penalty of $3 for each withdrawal over 6 during a monthly cycle.