Statement Savings
- Rate information - At our discretion, we may change the interest rate for this account. The interest rate on this account is 0.05% with an annual percentage yield of 0.05%. The interest rate and annual percentage yield are accurate as of 11/20/2025. If you would like more current rate and yield information, please call us at (774) 888-6100. The interest rate and annual percentage yield may change at any time.
- Compounding frequency - Interest will be compounded monthly.
- Crediting frequency - Interest will be credited into this account monthly.
- Daily balance computation method - Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
- Accrual of interest on noncash deposits - Interest will begin to accrue on the business day you deposit noncash items (for example, checks) into your account.
- Minimum balance to open - The minimum balance required to open this account is $10.00.
- Minimum balance to obtain the disclosed annual percentage yield - You must maintain a minimum daily balance of $100.00 in your account each day to obtain the disclosed annual percentage yield.
- Minimum balance to avoid a fee - You must maintain a minimum daily balance of $10.00 in your account to avoid a fee. If your balance falls below $10.00 on any day in the statement cycle, your account will be subject to a $1.00 minimum balance requirement fee for that statement cycle.
- Deposit limitations - You may make an unlimited number of deposits into your account.
- Fees and Charges - The following fees and charges apply to this account:
- Please refer to the bank's Fee Schedule for a list of fees that may be assessed on your account.
- Certain fees may not apply to individuals 18 years of age and under and 65 years of age and over, except for an Overdraft fee of $5.00 (when applicable). Fees may reduce earnings. Please refer to the bank's Fee Schedule.
- Additional Terms - The following additional terms apply to this account:
- Payment Order of Items - The order in which items are presented may affect the total fees assessed to your account. To assist you in avoiding overdrafts on your account with us, we are providing you with the following information regarding how we process checks, ATM withdrawals, preauthorized electronic funds transfers, one-time debit card (also referred to as point-of-sale or POS) transactions and other items presented for payment out of your account. In general we process your inclearing checks and ACH items at the beginning of each business day from lowest to highest dollar amounts. In addition, inclearing checks and ACH items may clear your account throughout the day from lowest to highest dollar amount. ATM and POS transactions are processed throughout the day as they are conducted. We reserve the right to change this order of payment without notice to you if we suspect fraud or possible illegal activity affecting your account. We commonly receive items electronically to be paid out of your account multiple times per day in what is referred to as presentment files. We can receive more than one ACH presentment file per day. Each presentment file received commonly contains a large amount of a specific type of item (check, ACH, or ATM/POS). A presentment file may contain multiple items to be paid in the order listed above.