Common use of Holiday Savings Clause in Contracts

Holiday Savings. The minimum opening deposit is $5, and the minimum required to earn the APY is $.01. On or after November 1st of each year, the entire balance in this account will automatically transfer to your checking account, if you have one, or to your Smart Savings account. IRA Savings – The minimum opening deposit is $5, and the minimum required to earn the APY is $.01. Money Market Savings or IRA Money Market Savings – The minimum opening deposit is $2,500. There is no minimum balance fee for this account. This is a tiered-rate account with different rates applicable to specified balance levels as detailed in our website rate sheet. Dividends are paid at the prevailing rate corresponding to each day’s full balance. The annual percentage yield on the account is reduced to the APY published on our website rate sheet if on any day the end of day balance falls below $2,500. The minimum required to earn any dividend is $.01.

Holiday Savings. The minimum opening deposit is $5, and the minimum required to earn the APY is $.01. On or after November 1st of each year, the entire balance in this account will automatically transfer to your checking account, if you have one, or to your Smart Savings account. IRA Savings – The minimum opening deposit is $5, and the minimum required to earn the APY is $.01. Money Market Savings or IRA Money Market Savings – The minimum opening deposit is $2,5005. There is no minimum balance fee for this account. This is a tiered-rate account with different rates applicable to specified balance levels as detailed in our website rate sheet. Dividends are paid at the prevailing rate corresponding to each day’s full balance. The annual percentage yield on the account is reduced to the APY published on our website rate sheet if on any day the end of day balance falls below $2,500. The minimum required to earn any dividend is $.01.