A basic account for every household, this account makes it easy to start saving!
- Minimum opening deposit is only $50. (Only $25 to open account for those 18 and under.)
- No monthly service fees.
- Nine withdrawals allowed per quarter. $1.75 per withdrawal thereafter. Withdrawal fee waived with minimum balance of $500 during the statement period. Please note certain restrictions apply to this type of account.^
- Interest on this variable rate account will be compounded quarterly and credited quarterly.* See Rate Sheet for current interest rate and annual percentage rate.
- You will receive statements quarterly.
*We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. ^Electronic transfers and payments to third parties: Federal Reserve Regulation D limits the number of electronic transfers (i.e., preauthorized (ACH), automatic transfer, online, or telephone) and third party transactions to a combined total of six per month on savings and money market accounts. If an account regularly exceeds this activity, the account may be closed and reopened as a checking account. Transfers and withdrawals made in person, by messenger, by mail, or at an ATM are not limited by Regulation D; however, bank service charges may apply. Please see your account disclosure for details, and contact us if you have any questions.