Compare Personal Savings Accounts at Monroe Bank

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ACCOUNT COMPARISON CHART: PERSONAL SAVINGS

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	Statement Savings	Young Savers Account	Christmas Savings	Pinnacle Green Money Market Savings	Prime Indexed Money Market
Minimum opening deposit	$50	$1	$5	$50	$5,000
Monthly minimum balance to avoid service charge	$300; none for customers under 18	None	None	None	$5,000
Earns Interest	Yes, same interest rate earned regardless of balance	Yes, same interest rate earned regardless of balance	Yes, same interest rate earned regardless of balance	Yes, tiered account paying different interest rate based on account balance	Yes, tiered account paying different interest rate based on account balance
Interest rate payment	Interest compounded and credited quarterly	Interest compounded and credited quarterly	Interest credited annually; paid by check	Interest compounded and credited monthly	Interest compounded and credited monthly
Monthly service charge*	$1	None	None	None	$10
Free basic checks	No	No	No	No	Initial order of 50
Transaction fees / Withdrawal fees**	2 free; excess withdrawal fee of 50¢ each	3 free; excess withdrawal fee of $.50 each; Electronic debit or account to account transfer - 1 free - excess debit or transfer of $1.00 each	$3 fee for early withdrawals	3 free; excess withdrawal fee of $2 each	3 free; excess withdrawal fee of $2 each

Account service charges may reduce earnings. See all Monroe Bank service charges. *Transaction limits apply. Under federal regulations, you are allowed up to six pre-authorized withdrawals per monthly statement cycle including telephone or electronic transfers. There is no limit on deposits or the number of withdraws you can make by mail or at a Monroe Bank banking center. For security reasons, there are limits to the number of transfers you can make using our ATM terminals. All accounts closed within 90 days of opening will be assessed a $20 closing fee.