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Accounts: Savings
This is an account where all transactions are reflected on your statement,
which is mailed to you periodically. Statements with ACH activity are
mailed monthly, over-the-counter activity will be mailed quarterly and
accounts with no activity, other than interest, will receive statements
annually. Alliance Bank may at any time require prior written notice of
intent to withdraw, but until such notice is required, withdrawals may be
made at any time. Interest will be compounded quarterly and will be added
to the account quarterly.
Requirements
- Minimum
balance to open - $100.
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Maintain a minimum balance of $25.00 to obtain disclosed annual
percentage yield.
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Benefits
- Interest
bearing account.
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No monthly service charge for non-profit organizations.
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No monthly service charge for Minors (under 18).
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Cost
- No
service charge unless balance falls below $100. If minimum
average daily balance falls below $100, a quarterly service fee
of $2.00 will be imposed.
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An item fee of 50c will be imposed per withdrawal/transfer in
excess of six per month.
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