A straight-forward savings account. $0 minimum balance to open and earn APY.
1Earnings Credit – This account features an earnings credit which is applied to reduce or eliminate fees on the account. If the earnings credit exceeds the fees for any period, you will be assessed no fees but you will not be paid, carry forward or otherwise receive credit for any excess earnings credit.
2Earnings Credit Calculation – The earnings credit will be calculated by applying the periodic earnings credit rate to the average available balance in the account for the period. At our discretion, the periodic earnings credit rate may change at any time. The average available balance is calculated by adding the available principal in the account for each day of the period and dividing by the number of days in the period. The period we use is the monthly statement cycle.
3A paper statement fee of $5.00 will be charged for each mailed paper statement.