Savings

Question 1

No min deposit required; no maint fee

Unexpired Certificate of Achievement from an approved financial literacy class required to open

0.01% interest on all balances

Only one account is allowed per tax ID number

External transfers are not allowed

$300 in cash withdrawals per business day

$750 in point-of-sale purchases per business day

Answer 1

Getting Ahead Savings

• Similar to a Personal Savings with a few small restrictions, but no fee!
• Better than a Restricted Savings because they get an ATM card.

Question 2

No min deposit required; no maint fee

Authorization from approved nonprofit organization

0.01% interest on all balances

No ATM or debit card access

External transfers to another financial institution are not allowed

Administrative charges (fees) do not apply to this account

Answer 2

Restricted Savings

*Similar to a Personal Savings with a few small restrictions, but no fee!

Question 3

$50 min to open ($5 if younger than age 21)

$6 maint fee

Waive maint fee by maintaining a $300 average balance in the account, OR the primary account owner is younger than age 21

0.01% interest on all balances

Answer 3

Personal Savings

• Our most common savings account.
• If they don’t have a Rewards Checking, this is the preferred savings account.

Question 4

$50 min deposit and Rewards Checking account to open

Maint fee is $9 with paper statement; $7 with eStatement

Waive maint fee by maintaining a $300 average balance in the account

Can achieve a higher interest rate by:
•Meeting monthly qualifications of your Rewards Checking account
•Keeping high combined balances among several accounts

Otherwise, interest rate is 0.01%

Answer 4

Rewards Savings

• If the customer has Rewards Checking try to encourage this account as well.
• Functions like a Personal Savings but with higher interest

Question 5

$50 min deposit and Rewards Plus Checking account to open

Maint fee is $9 with paper statement; $7 with eStatement

Waive maint fee by maintaining a $300 average balance in the account

Can achieve a higher interest rate by:
•Meet monthly qualifications of your Rewards Plus Checking account
•Keeping high combined balances among several accounts

Answer 5

Rewards Plus Savings

• If the customer has Rewards Plus Checking try to encourage this account as well.
• Functions like a Personal Savings but with higher interest