Description:
An interest bearing account with a variable, tiered interest rate
Features
- Balance: An minimum daily balance of $2,500 or an average monthly balance of $10,000 is needed to avoid a monthly service charge.
- Interest: The interest is tiered, based on the account balance. The rates and tiers are variable. Interest is calculated on the average daily balance, paid monthly, and credited to the account balance.
- Statements: Statements are generated monthly on statement cycle dates. Checks are listed in numerical sequencing with imaged copies of the cancelled checks.
- Deposits: Deposits may be made in any amount at any time, in the lobby, drive-up, night deposit, bank by mail.
- Service Charges: If the balance falls below the daily minimum or average monthly balance, there is a $10.00 service charge per month.
Benefits:
- Affordable: There is no per check writing charge or per deposit charge.
- Liquidity and Earnings: An attractive interest rate is earned on the entire account balance.
- Records: Resource Bank returns an imaged copy of all cancelled checks as proof of payment and sends a comprehensive monthly statement.
