Passbook Savings


  • Minimum Deposit to open the account- $25.00
  • Variable interest rate
  • Interest is compounded and paid quarterly
  • A daily service charge of $1.00 will be charged for each debit transaction in excess of nine per quarter. This will be charged quarterly.
  • A daily service charge of $1.00 will be imposed if the average daily balance for the quarter is $10.00 or less.
  •  You must maintain a minimum average daily balance of $25.00 to obtain the disclosed annual percentage yield

 

 

Transactions: Transfers from a Passbook Savings Account are permittes or authorized to make no more than six transfersor withdrawals, or a combination of such transfers and withdrawals, per calendar month or statement cycle. 

Minimum balance to obtain the annual percentage yield disclosed: You must maintain a minimum average daily balance of $25.00 to obtain the disclosed annual percentage yield.The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. The period we use is the monthly statement cycle. Fees: A daily service charge of $1.00 will be charged for each debit transaction in excess of nine per quarter. This will be charged quarterly. A maintenance fee of$1.00 will be imposed if the average daily balance for the quarter is $10.00 or less. This will be charged quarterly.