Personal Savings
Enjoy these services with any Bank of Advance Savings Account:
- Online, Mobile, and Text Banking
- Electronic statements and notices (eDocs)
- Direct Deposit
- Account monitoring and fraud prevention through Yellow Hammer™ Fraud Detective
- Deposits are FDIC insured
|
|
Statement
Savings
|
Start Up
Savings
|
Christmas Club
|
|---|---|---|---|
|
Minimum Opening
Deposit
|
$100
|
$25
|
$5
|
|
Service Charge
|
None
|
None
|
None
|
|
Balance to Avoid
Service Charge |
None
|
None
|
None
|
|
Monthly Per Item Fee
(ex. Cash, ACH and Transfers)
|
6 free withdrawals; $1 per each additional item1
|
6 free withdrawals; $1 per each additional item1
|
None |
|
Interest Term
|
Interest paid quarterly
|
Interest paid quarterly | Interest paid annually |
|
Interest Rate Tiers
|
$50.00 - $2,499.99
$2,500.00 - $9,999.99
$10,000.00+
|
$0.01 - $499.99
$500.00+
|
None, interest is accrued on ledger balance |
| Statement Type |
Free quarterly statements
(no images) |
Free quarterly statements (no images) |
No statement; payout is issued annually2 |
| Learn More | Learn More | Learn More |
1 Transfers from your account to another account or to 3rd parties by pre-authorized, automatic, or telephone transfer are limited to six (6) per month or statement cycle. Abuse of this overage may result in account closing.
2 No early withdrawal is permitted without incurring a penalty. The penalty for early withdrawal is equal to the amount of all accrued interest from the date the account was opened to the date the account will be closed.
Daily Balance Method. We use the daily balance method to calculate interest. This method applies a daily periodic rate to the principal in the account each day.
Compounding and Crediting. Interest will be compounded and credited to the account on the next to last business day of each quarter for Statement and Start Up Savings. If the account is closed before the interest is credited, accrued interest will not be paid.
Accrual of Interest. Interest begins to accrue on the first business day after the day any non-cash deposit is made.
Kids Club
Find out how Penny the Pig rewards little savers and teaches the importance of saving your pennies.
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