Enjoy these FREE services with any Bank of Advance Savings Account:
- Online, Mobile, Text and Telephone Banking
- Electronic statements and notices (e-Docs)
- Direct Deposit
- Account monitoring and fraud prevention through Yellow HammerTM Fraud Detective
- Deposits are FDIC insured
|Heath Savings Account|
|Learn More||Learn More||Learn More||Learn More|
|Minimum Opening Deposit||$100||$25||$5||NA|
|Service Charge||$3 per month||None||None||$2 per month|
|Balance to Avoid Service Charge||$300||None||None||None|
|Monthly Per Item Fee||6 free withdrawals; $1 per each additional item||6 free withdrawals; $1 per each additional item||None||None|
|Interest Term||Interest paid quarterly||Interest paid quarterly||Interest paid annually||Interest paid monthly|
|Interest Rate Tiers||$100.00-$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||None, interest is accrued on ledger balance|
|Statement Type||Free quarterly e-Docs or paper statements
|Free quarterly e-Docs or paper statements
|No statement, a check is issued annually||Free monthly e-Docs or paper statements with check images|
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 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.