Savings Account Features Guide
| Interest Rate | |
| APY | 5.26% |
| Minimum deposit amount | $2,500.00 |
| Maximum deposit amount | $250,000.00 |
| Balance Requirements | |
| Minimum Opening Deposit | $2,500.00 |
| Minimum Balance to Avoid Fees | - |
| Minimum Required Balance | $2,500.00 |
| Fees | |
| Monthly Maintenance Fee | N/A |
| Foreign ATM Fees | N/A |
| Insufficient Funds Fee | $37.00 |
| Incoming Wires | $15.00 |
| Account Opening | |
| Open Online | Yes |
| Insured by | F.D.I.C. |
| Statements | |
| Paper Statements | Yes |
| Online Statements | Yes |
| Online and Telephone Banking | |
| Online Banking | Yes |
| Telephone Banking | Yes |
| Mobile Banking | Yes |
| Deposit Checks with Mobile Device | Yes |
| Free Bill Pay | Yes |
| Online Bill Payments Required | Yes |
Account Description
• Minimum amount to open Direct Money Market Deposit Account is $2,500.
• A $2,500 daily balance required to earn the disclosed Annual Percentage Yield (APY).
• No maintenance fee(s).
• Online transfer of funds using the external bank account.
• No transactions allowed by debit/credit card or by check.
• Fees may reduce earnings on the account.
• Unlimited deposit transactions, and up to six withdrawals and transfers per month.
• The maximum amount allowed per client is $500,000.