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Installment Savings




Description
Fixed rate, monthly installment deposits to help reach your financial goals

Minimum opening deposit
Please refer to the monthly installment schedule

Minimum Daily Balance to waive monthly Service fee
Not Applicable

Monthly Service Fee
No Monthly Service Fee

Interest
Earned on entire daily collected balance
Compounded monthly and paid monthly using 365 day year
Rate in effet at account opening is fixed for the term of the goal
Allows for a lump sum contract amount at the end of the term by making fixed monthly payments during the term

Transaction Limitations
Not Applicable

Other Services
Monthly statement available
Account earns no interest after the maturity


  

** All Fees are automatically deducted from the account and appear on the account statement. Federal Reserve Board Regulation D and Regulation DD limitations apply (please see under the Deposit Agreement and Disclosure and Fee Schedules)

  
FDIC SBA