Statement Savings Account

These time-tested savings accounts are the perfect savings vehicle for people of all ages who want to watch their money grow.

Rate Information: This is a variable rate account.  The interest rate and annual percentage yield may be changed  at our discretion without prior notice.

Minimum Balance Requirements: A minimum of $100 is required to open the account.  A minimum balance of $100 is required in the account daily to obtain the specified annual percentage yield.  If your balance drops below $100, we reserve the right to close your account.  Interest will not accrue on a balance of less than $100. 

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 balance in the account each day.

Compounding and Crediting: Interest for your account will be compounded quarterly and credited to your account on the last day of each quarter- March, June, September, and December.  If you close your account before interest is credited, you will receive the accrued interest to the date of closing.

Accrual of Interest On Deposits Other Than Cash: Interest begins to accrue on the business day you make your deposits.  

Transaction Limitations: You may arrange to have direct deposits made to your account.  Pre-authorized debit service is not available.

Fees: Fees may reduce interest earned.