Savings, Money Market Accounts and Time Deposits

Account Type Savings Passbook1 Savings Statement Value Savings Money Market Value Money Market IRA Savings IRA Time Deposit Time Deposit Account
Select this product if You save to achieve short term goals You save to achieve short term goals You enjoy earning tiered interest on savings balances You enjoy earning tiered interest on savings balances You enjoy earning tiered interest while saving at the same time You start planning ahead for retirement You enjoy a higher fixed rate for retirement savings You enjoy fixed return on investments
Minimum opening balance $500 $500 $2,500 $2,500 $10,000 $1,000 $100 $1,500 - $50,000
Service fee $9/Quarterly $9/Quarterly $9/Quarterly $12/monthly plus $0.25 per debit transaction $12/monthly plus $0.25 per debit transaction $9/monthly NA
Minimum daily balance to avoid service fee $500 $500 $2,500 $2,500 $10,000 $500 NA
Excessive Transaction Fee $10 $10 $10 $10 $10 2 Early withdraw penalty may apply
Earn Interest
ATM Card  
Online Banking
Mobile Banking

1. Account is available in New York and New Jersey only
2. Please refer to IRA saving disclosure for details.