Our Military Saves Account is a savings account for active duty personnel and their dependents. This account has the added benefit of earning the highest interest rate shown for a savings account on our Personal Banking Rate Sheet.
Military Saves Accounts are subject to Military Saves Accounts are subject to federally regulated transaction limitations which dictate how many transactions by type can be completed within a monthly service charge period.
Unlimited withdrawals permitted if:
— Done in person, by messenger, by mail, or at an ATM.
— Made by telephone when a check is mailed to the depositor.
Unlimited transfers are permitted:
— Between accounts of the same depositor at the same bank, provided transfer is done in person, by messenger, by mail, or at an ATM.
— To pay loans at the same bank.
Up to six (6) transfers a month permitted to another account of the depositor at the same bank or to third party.
If you exceed the transaction limitations more than twice within a twelve (12) month period, your Military Saves Account will be closed and transferred to a non-interest bearing checking account and will be subject to the terms and conditions of that account.
Click here to access our Clear and Concise Guide to the Military saves Account, a straightforward, easy-to-read guide to the most common fees and policies, such as ATM and overdraft fees.