Savings Accounts
We want to make sure your money is always working for you. Our saving products are
designed to maximize your hard-earned dollars.
|
Account Type
|
Overview
|
SAVINGS
Start your savings for tomorrow today. This account offers a secure, easy
way to build your nest egg.
|
- Interest bearing*
- $100.00 minimum to open
- Minimum daily balance of $100.00 to earn interest
- $5.00 monthly maintenance fee
- Average daily balance of $300.00 is required to avoid a monthly maintenance fee
- The depositor is permitted or authorized to make no more than six (6) transfers
and withdrawals or a combination of such transfers and withdrawals per calendar
month from a Regular Savings account to another account of the depositor at the
same institution or to a third party by means of a preauthorized or automatic transfer
or telephone agreement order or instruction AND no more three (3) of the six (6)
such transfers may be by draft or similar order made by the depositor and payable
to third parties.
- An excess transaction fee of $2.00 will be charged for each debit transaction in
excess of six (6) during a calendar month.
|
YOUTH SAVINGS
You are never too young to start saving. Great Eastern Bank wants to teach
the young investor the value of saving early.
|
- Interest bearing*
- $25.00 minimum to open
- Minimum daily balance of $25.00 to earn interest
- Must be 18 years of age or younger
- An excess transaction fee of $2 will be charged for each debit transaction in excess
of two (2) during a statement cycle.
- No monthly maintenance fee
|
MONEY MARKET
A tiered money market account that gives you the flexibility of earning
higher rates on higher balances. Competitive rates with limited check writing.
|
- Interest bearing*
- $100.00 minimum to open
- Minimum daily balance of $100.00 to earn interest
- Average daily balance of $2,500.00 is required to avoid a monthly maintenance fee
- $10.00 monthly maintenance fee
- Transfers from a money market account to another account or to third parties by
preauthorized, automatic, or telephone transfer are limited to six (6) per statement
cycle with no more then three (3) by check, draft or similar order to third parties
- An excess transaction fee of $10.00 will be charged for each debit transaction in
excess of six (6) during a statement cycle
- Interest Tiers are as follows:
- Tier 1 - Daily Balance less than $25,000.00
- Tier 2 - Daily Balance greater than or equal to $25,000.00 but less than $100,000.00
- Tier 3 - Daily Balance greater than or equal to $100,000.00 but less than $300,000.00
- Tier 4 - Daily Balance greater than or equal to $300,000.00
|
Limitations: During any calendar month or statement cycle of at least four weeks,
you may not make more than six withdrawals or transfers to another account of yours
or to a third party by means of a preauthorized or automatic transfer or telephone
order or instructions. No more than three of the six transfers may be made by check,
draft, debit card (if applicable) or similar order to a third party. If you exceed
the transfer limitations set forth above in any statement period, your account will
be subject to closure by the financial institution.
* Interest- Paid on daily balance, compounds daily, and credited to
the account monthly. The rate is set by Great Eastern Bank of Florida and may change
without prior notice.