The Interest Plus Checking account is an excellent way to write checks and earn a competitive rate of interest at the same time. Transactions are unlimited, so you can make as many deposits or withdrawals you want per month. Plus it earns interest at a tiered rate, so you have the possibility to earn a higher rate for your higher balances.
The interest rate tiers are as follows:
Balances between $0 – $4,999
Balances between $5,000 – $9,999
Balances between $10,000 - $24,999
Balances between $25,000 - $49,999
Balances between $50,000 - $99,999
Balances between $100,000 and above
Your account has unlimited transactions at no extra cost and earns interest at a competitive rate determined solely by the Bank and is subject to change weekly. Interest is calculated based on simple interest and applied to the daily collected balance. Interest is credited at statement time, and is not available for early withdrawal.
Minimum opening deposit……$1,000.00
Monthly service charge with a balance of:
$1,000.00 or more…………….NONE
Below $1,000.00………………$10.00
Monthly statements are itemized and include imaged checks.
Regulation E Disclosure