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Statement 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. Accounts with over-the-counter, and accounts with no activity except interest will receive statements quarterly. 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.

  • Maintain a minimum balance of $25.00 to obtain disclosed annual percentage yield.

Benefits

  • Interest bearing account.

  • No monthly service charge for non-profit organizations.

  • No monthly service charge for Minors (under 18).

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.

  • An item fee of 50 will be imposed per withdrawal/transfer in excess of six per month.

 

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