Putting money aside regularly can help you reach your goals. The interest rate on this account is based on the balance tier and is compounded and credited to the account quarterly. An opening deposit of $50 is required. If the depositor is a minor, under the age of 18, then the minimum required to open is waived. There is a $2 monthly service charge. You may avoid the service charge by maintaining a daily balance of $250, requesting eStatements, or by having a checking account so we may provide you a combined account statement. If the depositor is a minor, under the age of 18, the monthly service charge is waived.
Our club accounts are an excellent way to save for the holidays. Determine your goal for the year, then see what your weekly savings goal needs to be (ex. 5,10,15,20, etc.) Save for the holidays and earn interest on the amount you save. Early withdrawals are generally not permitted. If an exception is made due to an emergency, there is a $5 withdrawal fee to close the club account.