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Statement savings

Whether you’re looking to save for a purchase, emergencies, entry into a higher yielding account or another purpose, Statement Savings makes it easy. With a low minimum balance of $200, you’ll immediately begin earning interest and be able to waive the $3 quarterly maintenance fee. In-person and ATM withdrawals are unlimited. Accounts for minors require no minimum balance. Interest is compounded daily and credited quarterly.

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