Savings Accounts
Savings Account and Rate Summary
Rates effective 05/08/23
Account Type | Minimum Balance Required to Avoid Service Charge (*minimum to open Account) | Monthly Service Charge | Minimum Balance to Earn APY1 | Interest Rate2 | APY3 | Additional Information |
---|---|---|---|---|---|---|
Regular Savings | $50* | $1 | $200 | .05% | .05% |
-Monthly service charge applies only if balance drops below $50.00 any day of the month.
-Must maintain daily balance of $200.00 to earn interest, which would be paid on the entire balance in the account.
|
Youth Savings |
N/A | $0 | .01 | .05% |
.05% |
-Youth Savings for customers 0-18
-When account holder turns 18, the account becomes a Regular Savings account.
|
Wise Savings |
$50* | $1 |
Tier 1: $.01- $24,999.99
Tier 2: $25,000-$49,999.99 Tier 3: $50,000-$74,999.99 Tier 4: $75,000-$149,999.99
Tier 5: $150,000.00 +
|
.09%
.21%
.30%
.40%
.48%
|
.09%
.21%
.30%
.40%
.48%
|
Monthly service charge applies only if balance drops below $50.00 any day of the month. |
Core Savings | N/A | $54 | .01 |
.05% | .05% |
4Limited to One withdrawal per month for no charge.
-$5.00 charge for each additional withdrawal over one.
|
¹We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal balance in the account each day.
²Interest Rates are subject to change after Account is opened.
³APY = Annual Percentage Yield
Interest is compounded and credited monthly unless otherwise noted. Please see the Deposit Account Agreement & Disclosure for a listing of all terms and conditions. Fees could reduce earnings.
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