Savings Accounts definition
Savings Accounts will include Savings and Money Market Accounts.
Savings Accounts means any account designated as such in the Table of Accounts;
Savings Accounts. : means an Account bearing interest other than a Fixed-Term Deposit, Notice Account or Cash ISA.
More Definitions of Savings Accounts
Savings Accounts means any of such deposits in or accounts with (including, without limitation, certificates of deposit issued by) any banking institutions as referenced in C.G.S. Sections 45a-203 (a)(2) and (3).
Savings Accounts primary share, secondary share, minor share, and club accounts. Share draft accounts, or checking accounts, will not be limited. As required by the regulation, we will block the seventh and subsequent Reg D withdrawals per month from each of your savings accounts. If you make frequent withdrawals from your savings accounts, Reg D withdrawal limits could possibly result in returned items. If you need to make frequent withdrawals, you may consider opening a checking account and/or restructuring the way you use your savings and checking accounts. A member services representative will be able to assist you in determining what account option best meets your transaction needs. The Reg D counter resets on the first of each month. The types of transactions that count toward the 6 (six) withdrawals permitted each month under Reg D include: ACH transfers from a savings account to another Financial Institution or third party. Mobile, Online, or Telephone Banking (▇▇▇) transfers from a savings account to any other Encompass Niagara FCU account. Automatic transfers from a savings account to cover any type of overdraft due to checks, ACH, or debit card transactions (overdraft protection). This includes any transfers that would be necessary to cover automatic loan payments originated from a checking account. Transfers initiated by phone, including wires. Recurring scheduled transfers from a savings account to any other Encompass Niagara FCU account. The following types of transactions are not considered Reg D withdrawals and will not be limited: Withdrawal checks issued via telephone with a member service representative when made payable to the member and mailed to the member. Any transfer (out of a savings account) for the purpose of repaying an Encompass Niagara FCU loan. Transfers between accounts of the same person when made by mail, ATM or in person. Any deposit (cash, check, wire, ACH deposit, etc.) made to any Encompass Niagara FCU account. Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do. The types of personal information we collect and share depend on the product or service you have with us. This information can include: • Social Security number and Income • Account Balance and Payment History ...
Savings Accounts. If you are depositing funds into a savings account, you will need to get a form from your financial institution that has the routing and account numbers on it and attach it to the completed form to be submitted. Community Living Alliance requires this documentation to confirm the funds are going to the correct account.