Passbook Savings Account
- Description: Interest Bearing Account. The interest rate will or can change daily. The interest will be compounded quarterly and will be credited to the account quarterly.
- Limitations: Transfers are limited to six per month. No transfers will be made by check, draft or debit card.
- Balance Information: You must obtain a minimum balance of $0.01 in the account each day to obtain the annual percentage yield.
- Each depositor insured to at least $250,000.