Description:

• This is a tiered interest bearing checking account that requires an average daily balance of $1000.  

Requirements:

• You must deposit $1000 to open this account    

Benefits:

• No limit on the number of checks written
• You will receive a higher interest rate on your deposits depending on the balance in your account.
• Tier balance change is at $2500.

Cost:

• Each statement cycle you will be assessed a flat service charge of $6.00. You may avoid this fee if you maintain an average daily balance of $1,000.00. The average daily balance is calculated by adding the principal in the account each day of the period and dividing that figure by the number of days in the period.