Specifically for our distinguished citizens age 55 and better, High Rate Passbook Savings offers a premium rate of interest and allows you to make cash withdrawals at any time, with no penalty.** On qualifying balances, interest paid to your High Rate Passbook account is comparable to that paid on a six-month Certificate of Deposit (CD). It’s like having a CD and a savings account combined!
|Balance||Interest Rate||Annual Percentage Yield (APY)|
|$0.01 - $9,999.99||0.10%||0.10%|
|$10,000 - $19,999.99||0.11%||0.11%|
|$20,000 - $49,999.99||0.11%||0.11%|
|$10,000 and above||0.11%||0.11%|
Deposit of $10,000.00 required to open account.
* Interest is earned on the collected balance less reserves. Rates are subject to change daily. Current rates effect May 12, 2017. Call 800.438.6864 or visit your local branch for current rates.
** No more than 6 (six) transfers or withdrawals (or a combination of six transfers and withdrawals) per calendar month or statement cycle (or similar period) of at least four weeks, to another account (including a transaction account) or to third parties, when these transfers are made by means of a preauthorized or automatic transfer, or telephonic (including data transmission) agreement, order or instruction or by check, draft, debit card or similar order made by the depositor and payable to third parties. These limitations do not apply to withdrawals made through Automated Teller Machines, in-person, mail or messenger.
Federal regulations require that all banks monitor activity on accounts classified as Savings/Money Market Accounts. No more than 6 (six) pre-authorized debits are allowed per statement cycle. Pre-authorized debits would include ACH debits, internet transfers, transfers to cover overdrafts, etc. Regulations allow unlimited in-person or ATM withdrawals but bank fees may apply. Please feel free to contact us should you have any questions.
Complete disclosure by account type, including terms, fees, rate information and much more are available at any of our offices. All interest rates are subject to change daily. To obtain current rate information, please contact an Account Executive at any of our convenient locations.