Interest is paid on the collected balance based on the daily balance method. Minimum opening deposit of $1,000.
- No minimum balance charge with a balance of $1,000 or more
- A minimum balance charge of $15 will apply if the balance falls below $1,000 at any time during the monthly statement cycle
Federal regulations limit this account to 6 transactions per month, all of which may be by check or debit to third parties.