Personal Banking —Savings
Your first step in a program of regular savings begins when you open an account with Rosemount National Bank.
Basic Savings |
|
| Minimum to Open | $50 |
| Minimum Daily Balance to Avoid a Service Charge | $50 |
| Service Charge (when balance falls below minimum requirements on any day of the cycle) |
$9 a quarter |
| Other Benefits | Interest paid quarterly |
Savings made easy with a low minimum balance requirement.
- $50 required to open
- No service charge with daily minimum balance of $50
- $9 charge a quarter if balance ever falls below $50 on any day of the quarter
- Earns variable interest rate, compounded and credited quarterly
Goal Savings |
|
| Minimum to Open | $50 |
| Minimum Daily Balance to Avoid a Service Charge | $50 |
| Service Charge (when balance falls below minimum requirements on any day of the cycle) |
$9 a quarter earns higher interest rate |
| Other Benefits | Interest paid quarterly |
Interest incentive when you save monthly (must have RNB checking account).
- $50 required to open
- No service charge with daily minimum balance of $50
- $9 charge a quarter if balance falls below $50 any day of the quarter
- Earns variable interest rate, compounded and credited quarterly.
Money Market Savings |
|
| Minimum to Open | $1,000 |
| Minimum Daily Balance to Avoid a Service Charge | $1,000 |
| Service Charge (when balance falls below minimum requirements on any day of the cycle) |
$10 a month |
| Other Benefits | Interest paid monthly |
- $1,000 required to open
- No service charges with daily minimum balance of $1,000
- $10 charge a month if balance ever falls below $1,000 on any day of the month
- Earns variable interest rate, compounded and credited monthly
Starter Savings |
|
| Minimum to Open | $25 |
| Minimum Daily Balance to Avoid a Service Charge | $0 |
| Service Charge (when balance falls below minimum requirements on any day of the cycle) |
$0 |
| Other Benefits | Interest paid quarterly |
Free Account to those under 18.
- $25 required to open
- No minimum balance
- No service charges
- Earns variable interest rate, compounded and credited quarterly
All personal savings accounts are handled as follows:
- Interest is calculated on the daily collected balance method. This method applies a daily periodic rate to the outstanding collected balance in the account each day.
- Interest begins to accrue on the business day noncash items (i.e. checks) are collected.
- Your interest rate and annual percentage yield may change on your account at any time at our discretion.You may make no more than six withdrawals and/or transfers, including preauthorized automatic, or telephone transfers, to another account of yours at the bank or to a third party per statement cycle. No more than three of these transfers may be made by check, draft, debit card or similar order that is payable to a third party.
