Savings accounts are a great way to earn a return on your money, while maintaining easy access to your cash. Savings accounts are also a great way to introduce your youngster to good saving habits that will provide them life long benefits.
Savings Rate Information:
- The interest rate and annual percentage yield may change at any time.
- Interest will be compounded and credited to the account on the last business day of May and November.
- The daily balance method is used to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day.
- Interest begins to accrue on the business day noncash items are deposited (for example, checks).