Savings/Money Market Comparison
| Youth Savings | Regular Savings | Holiday Club | Money Market Savings | Plus Money Market Savings | |
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| This account is best suited for those that: | Are under 18 years old and beginning their first savings account | Are over 18 years old and will routinely have less than $1,000 average balance | Are looking to save for a special purpose | Want a savings account that pays higher returns for balances above $1,000 | Have a checking relationship and routinely maintain balances above $10,000 |
| Minimum to Open | $5 | $25 | $0 | $500 | $500 |
| Monthly Fee | $0 | $5 | $0 | $10 | $10 |
| Balance Required to Avoid Fee | $0 | $250 | $0 | $1,000 | $1,000 |
| Balance Required to Earn Interest | $25 | $250 | $100 | $500 | $500 |
| Balance Tiers Available | $25 and above | $250 and above | $100 and above | $500-$9,999, $10,000-$24,999, $25,000-$49,999, $50,000-$99,999, $100,000+ |
$500-$9,999, $10,000-$24,999, $25,000-$49,999, $50,000-$99,999, $100,000+ |
| Current APY * (as of 9//10/09) |
0.40% | .40% | .50% | $500-$9,999, .90% |
$500-$9,999, 1.00% $10,000-$24,999, 1.05% $25,000-$49,999, 1.10% $50,000-$99,999, 1.15% $100,000+ 1.25% |
| Interest Compounding | monthly | monthly | monthly | daily | daily |
| Interest Paid | quarterly | quarterly | quarterly | monthly | monthly |
| Withdrawal Restrictions | 2 withdrawals free per month, $2.50 for each over | 2 withdrawals free per month, $2.50 for each over | $10 charge if funds withdrawn before end of club year | 2 withdrawals free per month, $2.50 for each over | 2 withdrawals free per month, $2.50 for each over |
| *All annual percentage yields (APY) are in effect as of the date shown and are subject to change without notice. The APY is calculated based on the interest rate and frequency of compounding over an annual period. Plus Money Market Savings is only available to members with a qualifying relationship. Member FDIC | |||||
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