Savings Account

• The minimum deposit required to open this account is $100.00.
• This account is available to anyone, including businesses.
• Your interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on your account weekly. It is our normal practice to review and/or change interest rates every Thursday.
• Interest begins to accrue on the business day you deposit non-cash items (for example, checks).
• Interest will be compounded daily and credited to your account on a quarterly basis, on March 31, June 30, September 30 and December 31.
• The interest accrual method is 365/365 days.
• Quarterly minimum balance fee if Savings Account balance falls below $100 any day of the quarter------------- $ 5.00
• You may make thirteen (13) withdrawals per quarter without penalty.
  Each withdrawal over thirteen (13) per quarter -------------------------- $ 1.00
• ATM Cards are allowed for the Savings Account. Nine (9) free foreign ATM transactions are allowed per quarter; Each withdrawal over nine (9) per quarter--------------------$1.00
  
• Minors (anyone under the age of 18 years) may open a Savings Account with a minimum deposit of $10.00.
• Minors (anyone under the age of 18 years) are exempt from the minimum balance requirements.
• Dormant savings (account inactive for two (2) years) -------------------------- $ 2.00 per quarter.
• You must maintain a minimum balance in the account each day to obtain the disclosed annual percentage yield.
• We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.