SAVINGS ACCOUNT
Requirements:
- A minimum balance of $100.00 is
required to open a Savings Account.
Benefits:
- Savings Accounts are interest-bearing
accounts with variable rates which are subject to change without prior
notice. Interest is calculated using the daily balance method and is
credited to the account quarterly. Statements will be provided at least
quarterly; monthly if EFT activity necessitates.
Transaction Limitations:
- Six free withdrawals are allowed
each quarter. There will be an excess withdrawal fee of $2.00 per
withdrawal for all withdrawals in excess of six per quarter.
Cost:
- If the account falls below the minimum
balance at any time during the quarter, a service charge of $5.00 will be
assessed at the end of the quarter.
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