| Savings Account |
Minimum
Deposit to
Open Account |
You must deposit
$300.00 to open this account.
A maintenance fee of $3.00 will be imposed every month if the
balance in the account falls below $300.00 any day of the month. |
| Minimum
Balance and Monthly Maintenance Fee |
A
maintenance fee of $3.00 will be imposed every month if the
balance in the account falls below $300.00 any day of the month.
There is no minimum balance requirement or quarterly maintenance
fee on savings accounts opened in the name of a minor (under
18 years of age) if the minor's social security number is used
in interest reporting requirements. |
| Transaction
Limitations |
Transfers
from a savings account to another account or third parties by
pre-authorized, automatic or telephone transfer are limited
to six per month with no more than three by debit card or similar
order to third parties. |
| Transaction
Fees |
A
transaction charge fee of $2.00 will be charged for each withdrawal
in excess of the above limitations during a month. |
| Interest
Bearing |
Yes.
You must maintain a minimum balance of $300.00 in the account
each day to obtain the annual percentage yield disclosed. This
minimum balance requirement is waived if the account is opened
in the name of a minor and the minor's social security number
is used for interest reporting requirements. Please contact
us for more interest rate information.* |
| ATM
Card |
Yes |
| Other
Features |
You
can choose between a passbook and a statement savings account.
Statement savings accounts receive a quarterly account statement. |
*Please contact us at 708-482-7700 or e-mail us for more interest
rate information, including current interest rates and annual percentage
yields, compounding and crediting frequency, frequency of rate changes,
determination of rates, effect of closing an account prior to crediting
of interest, interest computation methods and accrual of interest
on non-cash deposits. |