Passbook Savings Account

A Hatboro Federal Passbook Savings Account is a safe, secure, interest-bearing account with convenient record keeping features.

It’s still one of the easiest ways to get in the habit of saving.

  • $50 minimum deposit to open account
  • $100 daily minimum balance required to earn interest
  • Variable interest rate, which may adjust daily, on the entire balance
  • Interest is compounded and credited quarterly from the first day of deposit
  • Monthly service charge if account is dormant for two years and the minimum daily balance falls below $100 in any given month
  • All transactions recorded in a passbook for easy record keeping

The simplicity of a Passbook Savings Account makes it perfect for people of all ages, particularly teenagers who want to get into the habit of saving money.

Each depositor is insured to at least $250,000 by the FDIC.  For more information, go to http://www.fdic.gov.