Regular Savings Plan Account
Personal interest bearing account that should be used for saving money for an emergency fund, school, new car, etc. Statements are printed and mailed quarterly. This account draws interest that is compounded daily and credited to this account quarterly. You can make unlimited deposits; however, there are limits on the number of withdrawals you can make.
- Minimum Balance to Open: $25.00
- Minimum balance to earn the disclosed interest rate: $5.00 in your account each day
- Additional Terms: Interest will begin to accrue on the business day you deposit noncash items (for example, checks) into your account.
- Limitations on frequency of transfers: An excessive withdrawal fee of $1.00 will be charged for each debit transaction (ATM or in-person withdrawal, automatic transfer, or other payment out of this account) in excess of three during a quarter.