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Deposit Account Options
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WOW! Account |
Free Checking |
Now Account |
| Interest bearing |
4.02% APY* if your balance is $0 to $25,000 4.02% to 1.76% APY if balance is over $25,000 .10% when qualifications are not met** |
No |
X |
| Minimum balance required to avoid service charge |
No minimum balance
| No minimum balance |
$500 |
| Monthly service charge fee |
None |
None |
$7.50 |
| Free online banking |
X |
X |
X |
| Free*** bill pay |
X |
X |
X |
| Unlimited check writing |
X |
X |
X |
| Free e-Statements |
X |
X |
X |
| Other statement options |
e-statement required |
No |
Safekeeping or free images available |
| Use of all Two Rivers ATMs at no cost |
X |
X |
X |
| Use of ATM's not owned by Two Rivers |
ATM Fees refunded Nationwide**** |
4 free monthly then $.50 per transaction |
4 free monthly then $.50 per transaction |
| Minimum deposit to open |
$100 |
$100 |
$100 |
| Overdraft Protection Available |
X |
X |
X |
| FDIC insured account-Some restrictions apply |
X |
X |
X |
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Savings |
Jr Savings |
Money Markets |
Certificates of Deposit |
| Earns interest |
X |
X |
X |
X |
| Minimum balance required to avoid service charge |
$100 Average Daily Balance |
$5 Minimum |
$2,000 Average Daily Balance |
Varies by CD |
| Free online banking |
X |
X |
X |
X |
| Limited withdrawals |
X |
X |
X |
Penalty for early withdrawal may apply |
| Monthly service charge |
$3 |
$3 |
$10 |
None |
| Excess withdrawal fee |
$1 for each withdrawal over 6 per month |
None |
| Minimum deposit to open |
$100 |
$5 |
$100 |
Varies by CD |
| Miscellaneous |
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Converts to regular savings at age 18 |
Interest tiers:
Less than $2,500
$2,500 to $9,999.99
$10,000 to $24,999.99
$25,000 to $49,999.99
$50,000 to $99,999.99
$100,000 and over |
Pick-A-Rate CD allows the customer to exchange their interest rate for the current rate***** |
| FDIC insured account-Some restrictions apply |
X |
X |
X |
X | | * Annual Percentage Yield ** To qualify, perform the following each cycle:
- Make at least 10 check card transactions (excluding ATM transactions)
- One Direct Deposit or Auto Debit
- Receive Electronic Statement
- Access On Line Banking
When your average daily balance is $25,000 or less, the interest rate paid on the entire balance will be 3.95% with an annual percentage yield (APY) of 4.01%. An interest rate of 1.24% will be paid only for that portion of your average daily balance that is greater than $25,000. The APY for this tier will range from 4.01% to 1.94%, depending on the balance in the account. If you do not meet the requirements, during a given cycle, you will earn the standard rate of .15% APY. Rates as of December 19, 2008. We may change the interest rate and APY at any time after the account is opened. No minimum balance required. Available on personal accounts only. No monthly service charge. If you do not meet the requirements per cycle, your account will still function as a free checking account earning the standard rate, however it will not receive ATM refunds for that time period.
*** $8 monthly service charge if not used for 2 consecutive months.
**** ATM fee refunds up to $25 per cycle when requirements are met. Refunds are automatic and receipts are not required to receive refunds.
***** Minimum of $5,000 and a term of 24 months or longer.
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