Our Statement Savings Account offers you a convenient way to save. First, it's easy to open an account; you can do so with a deposit of only $25. As long as you maintain a balance of at least $25 in your account on every day of the month, you will be assured of obtaining the disclosed annual percentage yield; and you will not be charged the $2 monthly service fee. Interest will be compounded on a daily basis and credited to your account on a monthly basis. Your interest rate and annual percentage yield may change.
You can make six (6) third-party electronic funds transfers out of your statement savings account each statement cycle. You can also make six (6) electronic funds transfers from your account to another account that you have with us each statement cycle.
With your statement savings account, you will receive a monthly statement so that you can easily monitor the transactions you've completed and the interest you've earned each month.