KNOWLEDGE BASE

Why am I being charged a monthly maintenance fee on my personal savings account?

Our Standard Savings account charges a $4 monthly maintenance fee. Meet any one of the following criteria and we'll waive the fee:

  • $300 minimum daily balance1
  • $1,000 average monthly collected balance2
  • Hold the account jointly with a youth (age 17 and under)3

For more information on other savings or money market accounts, please visit our Savings Account page. 

Additional information

1The daily balance is the balance at the end of each business day, equal to the beginning balance for that day plus the current business day credits, minus the current business day debits. Business days are Monday through Friday; federal holidays are not included.

2The average monthly collected balance is calculated by adding the principal in the account for each calendar day in the statement period and dividing that figure by the total number of calendar days in the statement period.

Formula: Add the principal in the account for each calendar day of the statement period / the total number of calendar days in the statement period = average monthly collected balance.

3Account will be assessed the monthly maintenance fee when the account holder reaches 18 years of age. In the event the account holder is not currently a signer on the account, the account holder must visit a branch with the custodian/guardian on the account to gain authority to access account funds.