Active Relationship
Balances through $9,999.99Interest Rate: 0.01%
Annual Percentage Yield*: 0.01%
Balance: $10,000.00 - $49,999.99
Interest Rate: 0.15%
Annual Percentage Yield*: 0.15%
Balances over $49,999.99
Interest Rate: 1.10%
Annual Percentage Yield*: 1.10%
No Active Relationship
Balances through $9,999.99Interest Rate: 0.01%
Annual Percentage Yield*: 0.01%
Balances over $9,999.99
Interest Rate: 0.10%
Annual Percentage Yield*: 0.10%
- $10,000.00 Minimum Opening Deposit
- Minimum Balance of $10,000.00 is Required to earn APY*
- Free Internet Banking
- Free Bill Pay (Applicable to Customer's Checking Account)
- Free 1st Order of Summit Checks
- Six free withdrawals/debits per month ($5.00 fee per withdrawal in excess)
- Interest paid on the entire collected balance
- Interest is credited & compounded monthly
- Overdraft Protection Available*
- $15.00 monthly fee if balance falls below minimum
- Annual Percentage Yield (APY) will decrease to 0.01% APY if balance falls below tiered minimums
If you are already working with us to reach your personal summit you get to take advantage of our relationship rate.
- One active relationship & $50,000.00 minimum balance = 1.10% APY (1.10% interest rate)
- One active relationship & $10,000.00 minimum balance = 0.15% APY (0.15% interest rate)
If you don’t already have a relationship with Summit, you can still take advantage of this great money market account.
- Balances over $9,999.99 and no other relationship = 0.10% APY (0.10% interest rate)
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. The 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 11, 2010*** Overdraft Protection Disclosure
Savings Services

