Savings Accounts


Passbook Savings1
 
Education Pays
Savings Account1
Christmas Club Vacation Club

Minimum Opening Deposit

 
$50.00 $5.00 You may choose a $5.00, $10.00, or $20.00 weekly club payment
You may choose a $10.00, $20.00, $30.00, $40.00, or $50.00 weekly club payment
 
Montly Service Charge
Not Applicable
 
Not Applicable Not Applicable Not Applicable

Balance Required to Avoid Montly Service Charge
 

Not Applicable
 
Not Applicable Not Applicable Not Applicable

Dormant Account Charge2
 

$5.00
 
Not Applicable Not Applicable Not Applicable

Limitations
 
Must maintain a minimum balance of $100.00 in the account each day to obain the disclosed APY.
Limited to 6 withdrawals or transfers to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction, computer transfer, or by check, draft, debit card or similar order to a third party per month.

An excess debit charge of $1.00 will be charged for each withdrawal in excess of 4 per month.
Must maintain a minimum balance of $5.00 in the account each day to obain the disclosed APY.
Limited to 6 withdrawals or transfers to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction, computer transfer, or by check, draft, debit card or similar order to a third party per month.

An excess debit charge of $2.00 will be charged for each withdrawal in excess of 3 per quarter.
No withdawals permitted before October each year, or the account is subject to being closed.

All deposits made to this account must be by automatic transfer from an existing checking or savings accout held at Citizens Bank.

No withdrawals are allowed. A check will be issued at the end of the club year for principal and bonus payment.
No withdrawaals are permitted during the club year. Principal and bonus payment will be paid by automatic transfer at end of club year.

All deposits amde to this account must be by automatic transfer from an existing checking or savings account held at Citizens Bank.

Interest Compounded and Credited
 
Quarterly Quarterly Not Applicable Not Applicable

Interest Computation Method
 
Daily Balance3 Daily Balance3 Not Applicable Not Applicable

Statement Period
 
Quarterly Quarterly Not Applicable Not Applicable

Statement Delivery Options
 
Free eStatements or
Paper Statements
Free eStatements or
Paper Statements

Statement activity is combined to the checking or savings account only; no separate statements will be mailed for this account type
 
Statement activity is combined to the checking or savings account only; no separate statements will be mailed for this account type

Free Online, Telephone, and Mobile Banking4
 
Yes Yes No No

Benefits & Additional Details
 
You will receive $1.00 for every A (or highest grade possible) earned as a bonus each grading period (up to $10 per grading period). You must present the report card to any CSR for validation of grades received at the end of each grading period.

Grade Incentive Bonus will only be paid for the current grading period at the time the report card is presented. We will not pay for any previous grading periods.


APY 0.25%
 
Payments may be made on a weekly, biweekly, semi-monthly, or monthly basis.

Based on a 50 week slub year: To earn the 50th payment bonus, 49 payments must be made by the end of the club year by automatic transfer.
Payments may be made on a weekly, biweekly, semi-monthly, or monthly basis.

Based on a 50 week slub year: To earn the 50th payment bonus, 49 payments must be made by the end of the club year by automatic transfer.


Common Account Features

 



1 The interest rate is a variable rate and we may change the interest rate on your account at anytime.

2 Dormant account charge will be charged per statement cycle if balance is $500.00 or less. All savings accounts become dormant if you have made no deposits or withdrawals to the account for 3 years.

3 The Daily Balance method applies a daily periodic rate to the principal in the account each day.

4 Fees from your mobile or data carrier may apply.