Personal Savings
Enjoy these services with any Bank of Advance personal savings account:
|
|
Statement
Savings
|
Start Up
Savings
|
Money
Market |
Christmas
Club |
|---|---|---|---|---|
|
Minimum Opening
Deposit
|
$100
|
$25
|
$100
|
$5
|
|
Monthly Service Charge
|
None
|
None
|
$10
|
None
|
|
Balance to Avoid
Service Charge |
None
|
None
|
$2,500
|
None
|
|
Interest Term
|
Quarterly
|
Quarterly |
Monthly
|
Annually |
|
Interest Rate Tiers
|
$50.00-$2,499.99
$2,500.00-$9,999.99
$10,000.00+
|
$0.01-$499.99
$500.00+
|
$2,500.00-$9,999.99
$10,000.00-$49,999.99
$50,000.00-$99,999.99
$100,000.00+ |
None; interest accrued on ledger balance |
| Statement Type |
Free quarterly electronic or paper statements
(no images) |
Free quarterly electronic or paper statements
(no images) |
Free monthly electronic or paper statements
(with images)
|
No statement; payout is issued annually1 |
| Learn More | Learn More | Learn More |
1 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.
Take the Wheel
Turn your dream car into a reality. Find the perfect loan to make your dreams come true.