Enjoy these FREE services with any Bank of Advance Savings Account:
|Service Charge||$3 per month||None||None||$2 per month|
|Balance to Avoid|
Monthly Per Item Fee
(ex. Cash, ACH and Transfers)
|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
$0.01 - $499.99
|None, interest is accrued on ledger balance||None, interest is accrued on ledger balance|
Free quarterly statements
|Free quarterly statements |
|No statement, a payout is issued annually**||Free monthly statements with check images|
|Learn More||Learn More||Learn More||Learn More|
*Transfers from your account to another account or to 3rd parties by preauthorized, automatic or telephone transfer are limited to six (6) per month or statement cycle. Abuse of this overage may result in account closing.
**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.
We reserve the right to at any time require not less than 7 days notice in writing before any withdrawal from an interest bearing account.
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.