Personal Savings Accounts Details/Fees

Question 1

What 5 different personal savings accounts do we offer?

Answer 1

1) Statement Savings
2) Tiered Savings
3) Money Market
4) Holiday Savings
5) MoneyHune Savings

Question 2

What are the minimum opening deposits required for each type of personal savings accounts?

Answer 2

$20 for all except MoneyHune which is $5

Question 3

What is the minimum balance required to earn interest on a personal statement savings account?

Answer 3

$100

Question 4

What is the minimum balance required to earn interest on a personal Tiered savings account?

Answer 4

NONE

Question 5

What is the minimum balance required to earn interest on a personal Money Market savings account?

Answer 5

NONE

Question 6

What is the minimum balance required to earn interest on a personal Holiday savings account?

Answer 6

$5

Question 7

What is the minimum balance required to earn interest on a personal MoneyHune savings account?

Answer 7

$5

Question 8

What is the minimum balance required to avoid a monthly service fee (personal Statement Savings)?

Answer 8

$300 daily balance

Question 9

What is the minimum balance required to avoid a monthly service fee (personal Tiered Savings)?

Answer 9

$500 monthly average balance

Question 10

What is the minimum balance required to avoid a monthly service fee (personal Money Market)?

Answer 10

$1,000 daily balance or $2,500 monthly average balance

Question 11

What is the minimum balance required to avoid a monthly service fee (personal Holiday Savings)?

Answer 11

NONE

Question 12

What is the minimum balance required to avoid a monthly service fee (personal MoneyHune Savings)?

Answer 12

NONE

Question 13

What is the monthly service fee for personal Statement Savings?

Answer 13

None with minimum balance, otherwise $4.50

Question 14

What is the monthly service fee for personal Tiered Savings?

Answer 14

None with minimum balance, otherwise $5.

Question 15

What is the monthly service fee for personal Money Market account?

Answer 15

None with minimum balance, otherwise $10

Question 16

What is the monthly service fee for personal Holiday Savings?

Answer 16

NONE

Question 17

What is the monthly service fee for personal MoneyHune savings account?

Answer 17

NONE

Question 18

What is the Fee for a Money Express ATM card?

Answer 18

FREE for all accounts (not applicable for Holiday Savings and MoneyHune must be 12 years or older).

Question 19

Is there a fee for online banking?

Answer 19

NO (for all accounts)

Question 20

What is the fee for Mobile Check Desposit?

Answer 20

No fee; not applicable for MoneyHune account

Question 21

What is the minimum opening deposit required for a CD and Jumbo CD?

Answer 21

CD: $1,000

Jumbo CD: $100,000

Question 22

What are the main features of CD’s and Jumbo CD’s?

Answer 22

• Higher returns than typical savings accounts

- Guaranteed interest rates with terms from seven (7) days to 10 years

Question 23

Benefits of a Traditional IRA

Answer 23

• Tax-deferred earnings

- contributions may also be tax deductible

Question 24

Benefits of a Roth IRA

Answer 24

• Tax-deferred earnings

- withdrawals may be tax-free

Question 25

What is the eligibility of a Traditional IRA account?

Answer 25

If you and spouse have taxable compensation

Question 26

What is the eligibility of a Roth IRA?

Answer 26

You can contribute at any age if you and spouse have taxable compensation and your modified AGI is below certain amounts.