 |
| Security
and Flexibility in One Account |
| up
to $24,999.991 |
- |
1.20
% APY* |
| $25,000
to $49,999.99 |
- |
1.40 % APY* |
| $50,000
- $74,999.99 |
- |
1.60 % APY* |
| $75,000
- $249,999.99 |
- |
1.80 % APY* |
| $250,000
and Above** |
|
2.00 % APY* |
| 1. as
long as minimum or average daily balances are
maintained |
|
| Our
Passbook Savings Account earns an exceptional return.
Start your account with as little as $250. Your account
will earn interest at the current rate on collected
funds. Interest is compounded quarterly to date of withdrawal.
A minimum average daily balance of $250 is required
on this account. The average daily balance is calculated
by adding the principal in the account each day and
dividing that figure by the number of days in the fee
period.
The minimum balance on this account is $250. Interest
is paid quarterly on a calendar year basis. Interest
will not be paid for any day the balance is below $250.
If the average balance in the quarterly statement cycle
is below $250 a $2 service charge will be assessed.
Withdrawals in excess of six per quarter will be charged
$2 each. Accounts closed within 90 days of opening will
incur a $5 charge. A $5 charge will apply to replace
any lost passbook. |
* Annual Percentage Yield. Interest
Rates are subject to change without notice. Fees may
reduce earnings.
Minimum balances apply as follows: Savings account -
average daily balance of $250. Money Market - average
daily balance of $5,000. Rate effective 06.02.08.
** Different rates on deposit
balances in excess of $500,000 may apply. |
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