Simplicity Savings
This basic savings account offers a hassle-free savings option with easy access. This is a great starter account and also a good way to have overdraft coverage for your checking account.
- Minimum to open is $50.
- Earns interest, see below for rates.
- Up to 75 items per statement cycle can be deposited into this account with no charge; thereafter, the charge is $0.20 per item.
- $3 monthly base fee service charge. Monthly base fee refunded if a $300 minimum ledger balance* is maintained or the account is combined with a checking account statement.
* Minimum Ledger Balance: The lowest end of day balance in an account during a statement cycle; a certain minimum daily balance is often required interest-bearing accounts to avoid a monthly maintenance fee.
Interest Rates:
Rates effective as of 09/19/2024.
| Minimum Balance to Obtain Annual Percentage Yield | Interest Rate | APY |
|---|---|---|
| $1 | 0.25% | 0.25% |
- Rates may change at any time without notice
- Fees could reduce earnings
