PremierBank Savings

Minimum to Open

$50 ($10 if under 18)

Minimum Balance

$50 ($10 if under 18). $5 per month will be charged if balance is lower

Overdraft Transfers?

Yes

Fees & Other Charges

$5 per withdrawal after six withdrawals. $20 if account is closed within 90 days of opening. $2 per month is account is dormant for 3 years.

Interest

Compounded and credited quarterly using the daily balance method.*

Minimum to Open

$50 ($10 if under 18)

Minimum Balance

$50 ($10 if under 18). $5 per month will be charged if balance is lower

Overdraft Transfers?

Yes

Fees & Other Charges

$5 per withdrawal after six withdrawals. $20 if account is closed within 90 days of opening. $2 per month is account is dormant for 3 years.

Interest

Compounded and credited quarterly using the daily balance method.*

Minimum to Open

$10

Minimum Balance

$10. $5 per month will be charged if balance is lower

Overdraft Transfers?

No

Fees & Other Charges

$5 per withdrawal after six withdrawals. $20 if account is closed within 90 days of opening. $2 per month is account is dormant for 3 years.

Interest

Compounded and credited quarterly using the daily balance method.*

Minimum to Open

$10

Minimum Balance

$10. $5 per month will be charged if balance is lower

Overdraft Transfers?

No

Fees & Other Charges

$5 per withdrawal after six withdrawals. $20 if account is closed within 90 days of opening. $2 per month is account is dormant for 3 years.

Interest

The Baby Savers Account is a Tiered Rate account based on the balance in the account and the minor's age.
Tier 1 Rate: Interest rate paid on the amount in the account up to $1,000.00 until the month following the minor's 4th birthday.
Tier 2 Rate: Interest rate paid on the amount $1,000.01 or more.
Interest is compounded and credited quarterly using the daily balance method.* The interest rate and annual percentage yield (APY) are variable and may change. Please see our current rates. 

Minimum to Open

$10 to open and a minimum of $10 deposited monthly after that from another PremierBank account.

Minimum Balance

N/A

Overdraft Transfers?

No

Fees & Other Charges

$5.00 per withdrawal after four are made.

Interest

Compounded and credited quarterly using the daily balance method.*

Minimum to Open

$5

Minimum Balance

N/A

Overdraft Transfers?

No

Fees & Other Charges

$20 closing fee and waiver of accrued interest if account is closed before interest is applied.

Interest

Does not compound. Will be credited at maturity.