Interest Rate & Annual Percentage Yield:
Rate currently offered. Interest is paid on a daily balance and compounded every month. This account pays tiered interest rates based on the balance that you maintain. The Annual Percentage Yield assumes that interest will remain on deposit.
Interest Payment Options / Frequency:
Interest is credited monthly. Must maintain balance of $1,000.00 to earn current rate.
Minimum deposit requirement:
You must deposit $10.00 to open this account.
An adult must maintain $100.00 balance to avoid a $1.00 service charge. This service charge is waived for minors, nonprofit public service organizations, and for direct deposit or automatic mortgage payments. A charge of $5.00 is charged for early close-out (within 3 months).
No restrictions on cash transactions. 1 free bank check withdrawal per day per account. A fee of $2.00 is charged for each additional bank check withdrawal.
Transfers from a Money Market Passbook Savings account to another account or to third parties by preauthorized, automatic, or telephone transfers are limited to six per month with no transfers by check, draft, debit card, or similar order to third parties.