Statement Savings Account

The Statement Savings account is a dependable option for building your savings while earning interest over time. Whether you’re setting money aside for future goals or creating a financial cushion, this account offers a straightforward way to grow your balance while keeping your funds accessible.

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Account Information

• Rate Information
  Your interest rate and annual percentage yield may change.
  
  
• Frequency of rate changes
  We may change the interest rate on your account at any time.
  
  
• Determination of rate
  At our discretion, we may change the interest rate on your account.
  
  
• Compounding and crediting frequency
  Interest will be compounded every quarter. Interest will be credited to your account every quarter.
  
  
• Minimum balance to open the account
  You must deposit $100.00 to open this account.
  
  
• Minimum balance to obtain the annual percentage yield disclosed
  You must maintain a minimum balance of $50.00 in the account each day to obtain the disclosed annual percentage yield.
  
  
• Daily balance computation method
  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.
  
  
• Accrual of interest on noncash deposits
  Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).
  
  
• Fees
  An excess withdrawal fee of $3.00 will be charged for each debit transaction in excess of three during a calendar month.
  If the account balance falls below $50.00 at any time during the month, a $3.00 low balance fee will be assessed.
  
  
• Contact us for more information.

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