Overdraft Protection Savings Account
In order to link an Overdraft Protection Savings Account to the checking account, the titled account ownership of each account must be identical. This arrangement is subject to the Overdraft Protection Agreement.
No minimum deposit is required to open the account in a branch; $25 minimum deposit required to open the account online.
You must maintain a minimum balance of $100 in the account each day to obtain the disclosed annual percentage yield.
Your interest rate and annual percentage yield may change. At our discretion, we may change the interest rate for your account at any time. The current interest rate and annual percentage yield are listed on the Account Rate Sheet.
Interest begins to accrue no later than the business day you deposit any cash or noncash items (for example, checks).
Interest will be compounded on a monthly basis and credited to your account monthly on the statement date. If you close your account before interest is credited, you will receive the accrued interest up to the date you close the account.
We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the ledger principal balance in the account at the end of business each day.
No monthly minimum balance fee. Other fees may apply. A complete listing of other fees may be found in the Account Fee Schedule.
Additional disclosures are necessary to complete the total information package, such as an Account Rate Sheet and Account Fee Schedule, which were provided at account opening and will be provided upon request.