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Education and Health Savings Liquidity |
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| Type of Account | Interest Rate | Annual Percentage Yield (APY) | Minimum Balance Required To Earn Interest |
|
Educational Savings Liquidity Account (ESA) | 2.96% | 3.00% | $250.00 |
|
Health Savings Liquidity Account (ESA) | 2.96% | 3.00% | $250.00 |
DEPOSITS INSURED BY THE FDIC
The Federal Deposit Insurance Corporation (FDIC), an agency of the U. S. Government, insures depositors per ownership category up to $100,000.00 (Effective 4/1/06 IRA Deposits are insured to $250,000.00) in accordance with the rules and regulations of the FDIC. Please ask us for a personal copy of our FDIC brochures published in English and Spanish entitled “Your Insured Deposits - FDIC’s Guide to Deposit Insurance Coverage”.
INTEREST METHOD
Interest on all Deposit Accounts is Compounded Daily and Credited Quarterly, except for Vacation and Holiday Clubs, which pay simple interest, which is credited at the club’s maturity. Certificates of Deposit with a 182 day term are Compounded Daily and Credited at Maturity. Interest and Premium Interest Checking, Money Market Deposit Accounts and PersonaLink Money Manager Accounts are compounded daily and credited monthly.
