PATRIOTS SAVINGS ACCOUNT


Account Features

  • Earn Interest on your balances
  • No monthly service fees
  • Unlimited deposits
  • Monthly statements if the account has electronic activity 
  • Annual statements if the account has no electronic activity
  • Free Online Banking
  • Free Mobile Banking*
  • No Monthly fee for downloading to Quicken or QuickBooks
  • Minimum to open - $200.00 

Fees:

  • Excessive withdrawal fee of $1.00 will be charged for withdrawals in excess of three during the quarter
 

*Mobile carrier data and text rates may apply

Rate Information - Your interest rate and annual percentage yield may change.Frequency of rate changes - We may change the interest rate on your account at any time.Determination of rate - At our discretion, we may change the interest rate on your account.Compounding and crediting frequency - Interest will be compounded every month. Interest will be credited to your account every month.Effect of closing an account - If you close your account before interest is credited, you will not receive the accrued interest.Average daily balance computation method - We use the average daily balance method to calculate the interest on your account. This method applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. The period we use is the monthly statement cycle.Accrual of interest on noncash deposits - Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).