Savings accounts disclosures, rates and fees

Savings account rates
Effective Date: Monday, April 23rd, 2018
AccountMinimum balance to earn dividends*Dividend rateAnnual Percentage Yield (APY)
Basic Savings** $100.00 0.03% 0.03%
Scottie Savers*** $5.00 0.03% 0.03%
TLT (Teen) Savings*** $5.00 0.03% 0.03%
Minimum balance to open all savings accounts is $5.00

*Minimum balance that must be maintained each day to earn dividends.

**Basic Savings must maintain a minimum daily balance above $250 or, if below $250, have one other account type to avoid a $3 service fee per calendar month. If you have multiple Basic Savings Accounts, each account may receive a separate fee based on each individual balance. $3 fee not applicable to Scottie Savers or TLT Accounts. $3 service fee is waived depending if you qualify for the Enhanced or Premier Member Merits categories. Lean more about our Member Merits program and how to qualify. Read the full Truth in Savings disclosure.

***Members under 18 require a parent or guardian as a joint signer.

Federal Regulation D limits pre-authorized, automatic telephone transfers and online transfers from savings and money market accounts to another account of yours or to a third party in any amount to no more than six per month.

 

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