Description:
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An account that pays interest on your balance but limits the
number of transactions.
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Requirements:
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- Minimum balance
to open - $2,500.
- Restricted to
six (6) transfers to another account or third party by
preauthorized, automatic, or telephone transfer per statement
cycle. Of these, no more than three (3) can be by check,
draft, or similar order to third parties.
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Benefits:
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- Interest Paid on
account monthly.
- Interest is
compounded monthly.
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Cost:
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- No service charge unless balance falls below $2,500. If
balance falls below $2,500 on any day during the statement
cycle, a service charge of $15 will be imposed.
- A per item fee
of $10 will be imposed for each withdrawal in excess of six
(6) per month.
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