A savings account that's
habit forming.

A Passbook Savings Account is still the easiest way to get in the habit of saving. All you need to open a Passbook Account is $50.
All accounts that maintain a minimum daily balance of $100 earn a variable rate of interest, which may adjust daily, on the entire balance. Balances below $100 do not earn interest.

Interest is compounded and credited quarterly and accrues from the day of deposit to the day of withdrawal. There is a service charge of $1 per month whenever the account has been dormant for one year or the minimum daily balance falls below $100 in any given month.

Unlike many savings accounts which are purchased and monitored electronically, you can hold a passbook and  open it up and see how much money you have in the account. The simplicity of it all makes a Passbook Savings Account perfect for people of all ages, including teenagers who want to get into the habit of saving.

Depositor accounts are fully insured to at least $250,000 by the FDIC. For more information, go to www.fdic.gov.