Statements mailed at least quarterly
Interest is compounded daily and credited to your account quarterly on the daily balance.
No interest is paid if the average daily balance is less than $50 during the quarter. A maintenance fee of $5.00 will be charged each quarter if the balance falls below $50.00
Banking regulations permit only 6 (six) withdrawals or transfers per month to another account or to third parties by preauthorized, automatic or telephone. Under Regulation D any savings account having withdrawals or transfers in excess of 6 (six) per month of the type noted above may be reclassified to a different type account./li>
There is no limit to the number of over the counter or ATM withdrawals or transfers.
First 6 (six) withdrawals or transfers during the interest period are free.
Accounts having withdrawals or transfers in excess of 6 (six) during the interest period and a daily balance less than $1,000 are subject to a charge of $1 per withdrawal or transfer.
The interest rate and annual percentage yield paid is a discretionary rate based upon current market conditions and may be changed at any time without notice.