ADVANTAGE Savings
A savings exclusive to our ADVANTAGE Checking Account
- $1,000.00 minimum to open
- No monthly service charges
- Interest rate for each tier is higher than the ADVANTAGE Money Market Account
- If account is closed, then accrued interest is not paid
- Interest is compounded using the daily balance method, and interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks)
- Interest is compounded quarterly and added to the balance of the account on the last day of the cycle (quarterly)
- If the collected balance falls below $1,000 on any day, interest is not earned for that day
- The account must maintain a specific collected balance in order to obtain the APY offered for each of the following interest rate tiers.
- The interest rate on this account may change at any time after the account is opened
- By law, this account is allowed only six (6) pre-authorized transfers or withdrawals per month
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