Regular Savings

The Regular Savings account is a simple account that offers daily compounding interest which is credited to your account quarterly. This account is designed to start building cash reserves with a smaller balance.

You can make up to six, fee-free transfers a month from a Regular Savings account to another account or to third parties by pre-authorized, automatic, computer or telephone transfers (no transfers by check, draft, debit card or similar order to third parties). An activity charge of $1.00 will be charged for each transfer in excess of six during a month. This fee will not apply if your daily balance is greater than $999.99.

The minimum opening deposit is $200. See fee schedule.

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Account has no monthly fee if a daily balance of at least $200 is maintained. If the daily balance falls below $200 a $3/month maintenance fee is charged. Fees could reduce earnings.

Ready to Open a Regular Savings Account? Know What to Bring.

Safe and seamless. We’re here to make your banking experience just that. To help you quickly navigate the account-opening process at your local branch, let’s start with what you need to have on hand:

✓ Two forms of identification:

  • ONE primary ID*: Driver’s license, state ID card, passport, military photo ID or other government-issued photo ID
  • ONE secondary ID: Social Security card, credit or debit card, account statement from another financial institution, insurance card, birth certificate, pay stub, current student ID, utility bill, union membership card, voter registration card, W-2, tax return or lease agreement

✓ Personal information:

  • Full legal name
  • Date of birth
  • Social Security number
  • Address (physical and mailing)
  • Phone number (cell, home and work)
  • Email address
  • Employer
  • Occupation

If you’re opening a joint account – an account shared between two or more people – you will need to provide the above personal information for each account holder. To complete the account-opening process, each account holder will need to be present to provide his/her two forms of ID and signature.

✓ A minimum deposit of $200

✓ A security question and answer, to attach an extra layer of security to your account

✓ OPTIONAL: Beneficiary information, including the beneficiary’s full name, birthdate and address, to ensure your money goes where you want it to should you pass away.

*NOTE: If primary identification is less than 60 days old, address verification is required. Acceptable forms of address verification include:

  • Copy of lease agreement;
  • Utility bill
  • Car registration
  • Pay stub or tax return dated within the last 30 days
  • Bank or credit card statement dated within the last 30 days