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Savings
Expanding your financial boundaries...
This basic savings
plan allows you to earn a competitive rate of interest on collected funds from
the date of deposit to the date of withdrawal.
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Start
with just $100 |
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Earn
Interest on your Money |
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Low
Minimum Balance |
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Save
for Tomorrow |
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24
Hour Account Access by Phone |
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Transfer funds instantly from your The Peoples Bank of Taylorsville
checking account to your Savings account by phone. Ask your employer how you can
have a portion of your paycheck directly deposited into your Savings account.
If you have any questions, please
visit our Customer Service Center. Stop by
our bank today to take advantage of these features. |
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An
initial deposit of $100.00 is required to open this account |
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A
minimum balance fee of $2.00 will be imposed every month if the balance in the
account falls below $100.00 any day |
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Interest
begins to accrue no later than the business day we receive credit for the
deposit of noncash items (for example, checks) |
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We
use the Daily Collected Balance method to calculate the interest on your account.
This method applies a daily periodic rate to the Daily Collected Balance in the
account. |
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Interest
will be compounded and credited to your account on a quarterly basis |
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Withdrawals
from a Savings account by check, ACH. POS, or telephone transfer are limited to six per statement cycle |
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A
fee of $2.00 each is assessed for additional withdrawals |
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Interest
rate may change at any time |
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Fees
may reduce earnings |
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View
our FDIC page to determine the amount to
which your account will be insured |
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IMPORTANT INFORMATION FOR OPENING A NEW ACCOUNT
To help the government fight the funding of terrorism and money laundering activities, Federal
law requires all financial institutions to obtain verify, and record information that identifies
each person who opens an account. What this means for you: When you open an account, we will
ask for your name, address, date of birth, and other information that will allow us to identify
you. We may also ask to see your driver's license or other identifying documents. |
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| *Annual
Percentage Yield. APY current as of 3/9/2010. |
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