|
Step Up Savings
If you're looking for a traditional savings account, First Farmers has a bonus in store for you: your interest rates "step up" automatically through six levels as your balance grows.
| Tier 1: |
$0.00 to $9,999.99 |
| Tier 2: |
$10,000.00 to $49,999.99 |
| Tier 3: |
$50,000.00 to $99,999.99 |
| Tier 4: |
$100,000.00 to $499,999.99 |
| Tier 5: |
$500,000.00 to $999,999.99 |
| Tier 6: |
$1,000,000.00 and above |
- $25.00 to open.
- Interest accrues on the daily ledger balance and is credited monthly.
- Interest rate subject to change without notice.
- You may access your Step-Up Savings account with your ATM or Visa debit card.
- The bank provides you with personalized deposit and withdrawal tickets.
- You may authorize automatic deposits from your First Farmers checking account into your Step-Up Savings account.
Step-Up Savings Fees
| Minimum Daily Balance |
Monthly Maintance Fee |
| $125.00 and over |
None |
| Under $125.00 |
$3.00 |
(Maintenance & activity fees waived for children thru 18, full-time students thru age 22 and persons age 62 and older).
Transaction Limitations
Transactions are limited as follows:
- Teller transfers/withdrawals are limited to four (4) per month.
- Transfers/withdrawals to another account or preauthorized, automatic or telephone transfers/withdrawals are limited to three (3) per month and one (1) ATM transfer/withdrawal, or any combination of the above, not to exceed three (3) preauthorized, automatic or telephone transfers/withdrawals per month.
- Activity fee for exceeding withdrawal/transfer limit:
$15.00 per excess transaction. It is a regulatory requirement that accounts be closed for repeated violations of excessive withdrawal limitations. See account disclosure for more details.
|
