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Savings Accounts
For more information, call (931) 388-3145 or 800-882-8378 or e-mail savings@fandmbank.com.
Savings Account Comparison Grid
| Features |
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| Competitive interest rates |
x |
x |
x |
x |
x |
x |
| Insured by the FDIC up to $100,000 |
x |
x |
x |
x |
x |
x |
| Interest accrues on the daily ledger balance and is credited monthly |
x |
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| Interest may be paid to you by check |
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x |
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| Interest can be credited to your checking or savings account |
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x |
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| Account funds are paid with a check each year in November |
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x |
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| Earns a higher rate of interest for higher balances |
x |
x |
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| Automatic transfers from checking into account |
x |
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x |
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| No service fee |
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x |
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| No monthly maintenance fee with a minimum daily balance of $125 |
x |
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| No monthly maintenance fee for minors, full-time students through age 22 or persons age 62 and older |
x |
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| Limited number of withdrawals/tansfers per month |
x |
x |
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| No early withdrawal interest penalty for medical emergency (after first six days) |
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x |
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| Minimum of $25 to open an account |
x |
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| Minimum of $1,000 to open account |
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x |
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| Minimum of $2,500 to open account |
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x |
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| $2,500 minimum daily balance to avoid maintenance fee |
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x |
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| Offers a variety of terms; from seven days to 5 years |
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x |
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| Free coupon book to make regular deposits |
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x |
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| Access account with automatic teller card |
x |
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| Teaches children about saving |
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x |
| Free Penny & Bill savings booklet |
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x |
| Free Penny & Bill newsletter |
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x |
| Opportunities to win special prizes |
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x |
| Penny & Bill account book cover (with $100 balance) |
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x |
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