Savings Accounts
Far
East National Bank provides several great savings programs to meet your
short and long-term goals.
Savings Account Comparison
| Account Type |
Personal Savings |
Ultimate Account
|
Super Money Market |
| Bank the way you want to |
An easy way to save with a low minimum opening deposit and low
balance requirement.
|
A savings account with high interest rates. | A high interest-bearing account with check writing features.
|
| Minimum opening deposit |
$200 |
$2,500
|
$2,500 |
| Interest calculation |
•Compounded
daily |
•Compounded
daily •Interest credited every month •Tiered rate account |
•Compounded
daily |
| Minimum daily balance to avoid monthly service charges
|
$200 |
$2,500
|
$2,500 |
| Monthly service charge |
$3
per quarter |
$10
|
$10 |
| Per item fee |
An
excess withdrawal fee of $1.50 will be charged for each withdrawal
in excess of three during a quarter if the daily minimum balance
in your account is less than $1,000. A
per item fee of $10 will be charged for each debit transaction
in excess of six during a statement cycle.2
|
An excess withdrawal fee of $1.50 will be charged for each withdrawal in excess of three during a month if the daily minimum balance in your account is less than $2,500. A per item fee of $10 will be charged for each debit transaction in excess of six during a month.3 | A
per item fee of $10 will be charged for each check in excess of
three or for each debit transaction in excess of six during a
statement cycle.4
|
| Statement |
Quarterly |
Monthly
|
Monthly |
| Outstanding features |
•Low
minimum balance requirement |
|
•High
interest rates at high balance tiers with easy access and liquidity |
| Other limitations |
Account
Information
|
1. A Personal Checking Account with a minimum opening deposit of $200 is required to open an Ultimate Account.
2. Transfers from a Personal
Savings account to another account or to third parties by preauthorized,
automatic, telephone, or computer transfer are limited to six per month
with no transfers by check, draft, debit card, or similar order to third
parties. If the account exceeds the stated transaction
limitations, regulations require that the account be closed or converted
to a checking account.
3. Transfers from an Ultimate Savings account to another account or to third parties by preauthorized, automatic, telephone, or computer transfer are limited to six per month with no transfers by check, draft, debit card, or similar order to third parties. If the account exceeds the stated transaction limitations, regulations require that the account be closed.
4. Transfers from a Personal
Super Money Market account to another account or to third parties by
preauthorized, automatic, telephone, or computer transfer are limited
to six per monthly statement cycle with no more than three by check
or similar order to third parties. If
the account exceeds the stated transaction limitations, regulations
require that the account be closed or converted to a checking account.
| Account Type |
Minimum Opening Deposit |
Minimum Balance to Obtain Annual Percentage Yield
|
Interest Rate |
Annual Percentage Yield* |
Personal Savings
|
|
|
|
|
$100,000.00
and up
|
$200
|
$100,000
|
0.90%
|
0.90%
|
$10,000.00
to $99,999.99
|
$200
|
$10,000
|
0.70%
|
0.70%
|
$0.01
to $9,999.99
|
$200 |
$200
|
0.50%
|
0.50%
|
Ultimate Account
|
|
|
|
|
$100,000.00
and up
|
$2,500
|
$100,000
|
2.23%
|
2.25%
|
$25,000.00
to $99,999.99
|
$2,500
|
$25,000
|
1.78%
|
1.80%
|
$5,000.00
to $24,999.99
|
$2,500
|
$5,000
|
1.49%
|
1.50%
|
$0.01
to $4,999.99
|
$2,500
|
$0.01
|
1.00%
|
1.01%
|
| Super Money Market |
|
|
|
|
| $1,000,000.00
and up |
$2,500 |
$1,000,000 |
2.27%
|
2.30%
|
| $250,000.00
to $999,999.99 |
$2,500 |
$250,000 |
2.13%
|
2.15%
|
| $25,000.00
to $249,999.99 |
$2,500 |
$25,000 |
1.78%
|
1.80%
|
| $5,000.00
to $24,999.99 |
$2,500 |
$5,000 |
1.39%
|
1.40%
|
| $0.01
to $4,999.99 |
$2,500 |
$0.01
|
1.00%
|
1.01%
|
| Updated
on: 05/6/08
|
|
|
|
|
| *APY - Annual Percentage Yield. APY is
accurate as of the updated date referenced above. Rates are subject
to change without notice. Fees could reduce earnings on the account.
Please check with our branches for updated account information
including our list of miscellaneous fees and charges. |
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