Active Savings
Once you open an Active Interest Checking or
Active Cash Back Account, you can also open an Active Savings Account with as little as $5.00 dollars. Ask your branch representative for further details.
When qualifications (1) are met in your Active Interest Checking or Active Cash Back Account you will receive:
Tier 1: An Interest Rate of 2.92% and an Annual Percentage Yield 3.00% will be paid on the portion of your daily balance that is less than or equal to $300,000.00.
Tier 2: The portion of your balance above that cap ($300,000.01) will earn 0.30% interest rate resulting in a range from 3.00% to 1.93% APY depending on the account’s balance.
(1) Monthly Qualifications are activities and transactions in your Active Interest Checking or Active Cash Back Account checking account each Monthly Qualification Cycle:
- Have at least 12 qualifying debit card purchases post and settle***
- Have at least 1 automatic payment ACH or bill pay
- Be enrolled in and receive electronic statements
APY= Annual Percentage Yield. Active Savings is a variable rate consumer savings account and rates may change after account is opened at any time
When Active Checking qualifications are not met, an Active Savings interest rate of 0.03% and APY of 0.03% will be paid on the entire balance.
Fees may reduce earnings.
Contact your local branch to open an Active Savings account
- Interest is paid from the day of deposit to the day of withdrawal.
- Interest is compounded daily and credited monthly.
- $5 minimum balance is required to open.
Tiered IRA Statement Savings
- Interest is paid from the day of deposit to the day of withdrawal.
- Interest is compounded daily and credited.
Contact your local branch to open an IRA account.
A Holiday Club account can help you save throughout the year for seasonal spending or any large expenditure. You can open an account with as little as five dollars, make an unlimited number of deposits (in any amount) and receive interest on all balances.
Withdrawals not permitted. Early closure will result in forfeiture of interest. You must maintain a minimum balance of $5.00 in the account each day to obtain the annual percentage yield. Funds will be disbursed from the account at the end of the term – generally during the month of September and a check will be mailed to you.
