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Accounts: Savings

 

Description:

  • An account that pays interest on your balance but limits transactions. 

Requirements:

  • Minimum balance to open - $200.
  • Transactions done in person by in-bank withdrawals, telephone transfers or other transfers. 

Benefits:

  • Interest Paid on account quarterly.
  • Interest is compounded quarterly.    

Cost:

  • No service charge unless balance falls below $200. If balance falls below $200 on any day during the statement cycle, a service charge of $4 will be imposed. A service charge of $3 will be imposed for each withdrawal in excess of three (3) per statement cycle.

 

 

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