Student Savings Rates
|
Balance tier |
Minimum opening deposit |
Minimum balance to obtain |
Interest rate3 |
Annual Percentage Yield3 |
|---|---|---|---|---|
|
$100,000 |
$10 |
$100,000 |
0.10% |
0.10% |
|
$50,000 to |
$10 |
$50,000 |
0.10% |
0.10% |
|
Up to |
$10 |
$0.01 |
0.05% |
0.05% |
- Account converts to a regular Passbook Savings account when minor reaches age of 18 years, and will be subject to the terms of the Passbook Savings, including assessment of a monthly maintenance charge if minimum balance requirement is not met.
- Transactions from savings accounts are subject to limitations. An excess withdrawal fee of $10 will be charged for each transaction in excess of the federally regulated limitations (no more than 6 per month).
- Variable, tiered rate account, the interest rate and Annual Percentage Yield (APY) may change after account opening without notice, at our discretion. The interest rate and APY paid depends on the balance tier into which the account's end-of-day balance falls. The interest rate that corresponds to the balance tier is paid on the full collected balance in the account at the end of day. Interest Rates and APYs are current as of 2020-09-30. Fees can reduce the earnings on the account.
- Message and data rates may apply to online and mobile banking services.