The only account you’ll ever need.
Security Checking is our checking account product that will fit your lifestyle changes. This account is designed to fit the needs of the student – all the way to retirement. It’s the only account you will ever need. The checking account attributes are:
- Earns interest at a tiered rate
- Rate is variable and subject to change
- E’Statements
- Consumer only product
- No minimum balance
- No monthly service charge
- Debit Card
- Online Banking & Bill Pay
- Standard overdraft protection
- No interest will be paid for balances under $5000.01
Tier 1 |
$0.00 to $5,000.00 | No interest |
Tier 2 |
$5,000.01 to $15,000.00 |
0.05%APY Annual Percentage Yield (APY) |
Tier 3 |
$15,000.01 to $25,000.00 | 0.10% APY |
Tier 4 |
$25,000.01 to $50,000.00 | 0.35% APY |
Tier 5 |
$50,000.01 and over | 0.05% APY |
The account will earn interest based on the “tier” you are in. Meaning —
- If your balance is $200.00 – no interest
- If your balance is $15,000.00 – the first $5,000.00 will not earn interest and the remaining $10,000.00 will earn based Tier 2
- If your balance is $42,000.00 – the first $5,000.00 will not earn interest, the next $10,000.00 will earn 0.05% APY, the next $10,000.00 will earn 0.10% APY and the remaining balance of $17,000.00 will earn 0.35% APY.