Current Rates
Interest Rate: 0.01%Annual Percentage Yield*: 0.01%
- $2,000.00 Minimum Opening Deposit
- Minimum balance of $2,000.00 required to earn APY*
- Interest is credited and compounded quarterly
- Interest paid on the entire collected balance
- Six FREE withdrawals/debits per quarter
- $5.00 fee per withdrawal/debit after six per quarter
- FREE Internet Banking
- $15.00 quarterly balance requirement fee if balance below $2,000.00
Eligibility Requirements
To open and retain this Apex Savings Account, the following requirements must be met:
*Personal--You must open and maintain an APEX Checking account to be eligible for an Apex Savings account.
*Commercial--You must have and maintain a Business Checking Account to be eligible for an Apex Savings account.
If the Apex Checking account relationship is not maintained, this Apex Savings account may be moved to the Summit Savings account.
Variable Rate Account: The interest rate and Annual Percentage Yield may change. At our discretion, we may change the interest rate on your account at any time.
Fees could reduce earnings.
We use the daily balance computation method on daily collected balances to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (i.e. checks).
There can be no more than six pre-authorized, automatic or telephone transfers (to a third person or to another account of yours at Summit Bank) per one month cycle, of which no more than six can be by check, draft, debit card, or similar order payable to a third party.
*Annual Percentage Yield accurate as of March 10, 2010Savings Services