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In
the past,
this was
referred
to as a
“passbook”
savings
account.
A safe
place to
invest
money and
earn interest
monthly
without
any restrictions
placed
on withdrawals.
Requirements
- Minimum
balance
to open
- $100.00
- The
interest
rate and
annual
percentage
yield may
change
at any
time.
- Transfers
from the
account
to another
account
or to third
parties
by preauthorized,
automatic
or telephone
transfer
are limited
to three
per statement
cycle.
Benefits
- Interest
will be
compounded
daily and
credited
to the
account
monthly.
Cost
- No
monthly
service
charge
for full
time students.
- A
service
charge
fee of
$3.00 will
be imposed
any statement
cycle that
the account
balance
falls below
$100.00
any day
of the
cycle.
- Any
debit in
excess
of three
during
a statement
cycle will
be charged
at $1.00
each.
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