community involvement
get help personal services > savings > preferred first rate

Preferred First Rate

Great for basic or long-term savings, this account offers a two-tier interest structure that adjusts with market conditions and is indexed to the prime rate. Enjoy unlimited deposits and in-person withdrawals, in addition to two third-party, preauthorized or POS debits per statement cycle. The first interest tier starts with a minimum balance of $2,500, and by maintaining this balance, the $5 monthly fee will be waived. Interest is compounded daily and credited monthly.

Account Name FEATURES
Minimum Balance & Fees Interest Free Check Card or ATM Card Free Online Banking Withdrawal Penalties
Money Market $7 monthly fee waived with $1,000 minimum balance yes yes yes none
Student none yes no yes none
Christmas Club none yes no yes penalty for early withdrawal
Statement $3 quarterly fee waived with $200 minimum balance yes yes yes none
Premium Plus $5 monthly fee waived with $2,500 minimum balance three tier structure yes yes none
Preferred First Rate $5 monthly fee waived with $2,500 minimum balance two-tier structure; adjusts with prime no yes none
CDs varies with term varies with term no yes nominal penalty for early withdrawal
IRAs varies with term varies with term no yes early withdrawal penalty varies with type
Account Name FEATURES
Minimum Balance & Fees Interest Free Check Card or ATM Card Free Online Banking Withdrawal Penalties