1 Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items. The interest rate is subject to change daily. If the account is closed prior to the interest payment date, no interest will be paid. Fees may be charged to the account which could reduce earnings on the account. The Annual Percentage Yield (APY) is accurate as of 12/01/20. Pre-authorized withdrawals or transfers to another account are limited to six per month. Each additional withdrawal within the same month will be charged $10.00.
2 After the age of 23, the Student Savings account will automatically convert to a Savings account. The minimum balance requirement is $100 or a $5 monthly service charge will apply. Enrollment in the Savings Cents program will waive the monthly service charge for the first 12 months of the Savings account.
3 Free e.Statements or $4.50 paper statements. Statements for electronic transfers are sent monthly. A statement showing compounded interest will be provided at the end of each quarter: March, June, September, and December.
FDIC-insured up to the maximum allowed by law