Rate Information – Your interest rate and annual percentage yield may change.
Frequency of rate changes – We may change the interest rate on your account at any time.
Determination of rate – At our discretion, we may change the interest rate on your account.
Compounding and crediting frequency – Interest will be compounded every day. Interest will be credited to your account every quarter.
Minimum balance to open the account – You must deposit $5.00 to open this account.
Daily balance computation method – We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Accrual of interest on non-cash deposits – Interest begins to accrue on the business day you deposit non-cash items (for example, checks).
Transaction Limitations:
Federal regulation limits the number of telephone transfers, online transfers and preauthorized electronic transfers to third parties (including Point of Sale transactions) from any money market and savings type accounts. You are limited to six (6) such transfers from each money market and/or savings account(s) you have each statement period for purposes of making a payment to a third party or by use of a telephone or computer.
Additional feature:
Star Card accessible.
**We are no longer opening new Passbook Savings Accounts.
