Passbook Savings Account
A Passbook Savings account is a convenient way to save money. Interest on this account is compounded daily and credited quarterly. This account has the following requirements:
- Six withdrawals are permitted per calendar month by either preauthorized, automatic or telephone transfers
- $100.00 minimum opening balance
- Minimum balance to avoid imposition of fees - A maintenance fee of $5.00 will be imposed every quarter if the balance in the account falls below $100.00 any day of the quarter.
