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A Statement Savings Account provides a secure and convenient way to put money aside for the future. Or you may be a regular saver who wants to keep a source of cash readily available for those unexpected emergencies.
A BSV Statement Savings Account offers you a convenient way to build cash reserves.
The Number of deposits is unlimited. Two in-house
withdrawals are allowed per month, with a small fee per withdrawal
thereafter. Statement Savings Accounts are accessible through ATMs
with a BSV Cash Plus Card. ATM withdrawals are classified as
in-house transactions and are subject to the monthly limit of two in
house withdrawals. Deposit and withdrawal slips are provided at no
charge.
Funds may be transferred automatically from
Statement Savings Accounts to credit BSV loan payments, other BSV
checking, or savings accounts. Funds may also be credited to
Statement Savings Accounts from other sources such as BSV checking
or savings accounts, direct deposit services form your employer,
from a retirement fund or from a governmental agency.
INTEREST RATES
Interest is earned daily on accounts that carry
the minimum balance beginning on the date of deposit. Interest is
compounded and paid quarterly.
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RATE
(subject to change) |
APY
(Annual Percentage Yield) |
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.50% |
.50% |
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Minimum to obtain APY: $300
Minimum to
open: $50; $25 for ages under 18 |
Rates are current as of
1/16/09.
Rates are subject to change without prior
notice.
The rate may change after the
account is opened.
Fees could reduce earnings on the
account.
Contact BSV at (434) 246-5211 or (800) 619-5211 for confirmation of rate.
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