Investment Checking
Personal Checking Accounts
Maximize Your Savings with Higher Interest Rates
An Investment Checking Account offers the benefits of a traditional checking account along with the opportunity to earn higher interest on your balance. Designed for those who maintain higher balances, this account combines competitive, tiered interest rates with essential checking features. It’s a smart way to manage daily finances while maximizing your savings, providing both convenience and financial growth.
Key Features of an Investment Checking Account
Tiered Interest Rates: Earn higher interest based on your account balance, helping you maximize your savings.
Check-Writing Privileges: Write up to 20 checks per month without any fees; additional checks cost just $0.20 each.
24/7 Online Banking Access: Manage your account anytime with free online banking and bill pay, mobile banking, and telephone banking.
Our Investment Checking Account is designed to provide you with essential banking features while helping you grow your savings.
Benefits of the Investment Checking Account
Earning Potential: Grow your savings with competitive, tiered interest rates that reward higher balances.
Ease of Access: Manage your money effortlessly with 24/7 access through online banking, mobile banking, and telephone banking.
Financial Flexibility: Write up to 20 checks per month for free, allowing you to handle your transactions conveniently.
Cost Efficiency: Avoid the $10.00 monthly fee by maintaining a minimum balance of $2,500, ensuring your money stays with you.
Eligibility Criteria and Account Opening Requirements
Eligibility Criteria:
- Must be 18 years or older.
- Must be a resident of the United States.
Account Opening Requirements:
- Minimum Opening Balance: $10,000 to open the account.
- Proof of Identity: Government-issued ID (e.g., driver’s license, passport).
- Proof of Address: Utility bill, lease agreement, or other official documents.
- Social Security Number: For identification and tax purposes.
Opening an Investment Checking Account is simple and straightforward, ensuring you meet the basic criteria and provide the necessary documents.
How Interest Rates Are Applied
Our Investment Checking Account uses a tiered interest rate system to help you maximize your earnings. Here’s how it works:
- Higher Balances, Higher Rates: The more you deposit, the higher your interest rate.
- Tiered Levels: Interest rates increase at specific balance thresholds, allowing your money to grow faster as your balance increases.
- Consistent Growth: Earn interest on your entire balance, with rates adjusted automatically based on your account tier.
This tiered system ensures you get the most out of your deposits.
Frequently Asked Questions
- How do I avoid the monthly maintenance fee? Maintain a minimum balance of $2,500 to waive the $10.00 service charge.
- What is the minimum balance to open an account? The minimum balance to open an Investment Checking Account is $10,000.
- How are interest rates applied? Interest rates are tiered, meaning higher balances earn higher rates.
- How many checks can I write per month? You can write up to 20 checks per month for free; additional checks cost $0.20 each.
- What online services are available? Enjoy 24/7 access to Online Banking, Billpay, Mobile Banking, and Access 24 Telephone Banking.
For more information or to get personalized assistance, please contact us.
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