Statement Savings Account
 |
Mailed monthly
statement |
 |
Interest is
variable, on a tiered basis and is paid
monthly |
 |
Preauthorized or
automatic debits/transfers are limited to six
per monthly statement |
 |
There is a $2.00
per month service charge if the daily
collected minimum
balance falls below $200.00 |
 |
ATM and Debit
cards are available. |
|
Money
Market Savings Account
 |
Interest is
variable, on a tiered basis and is paid
monthly |
 |
$5.00 monthly
service charge, if the average collected
balance falls below
$2,500 |
 |
Statements are
mailed monthly |
 |
Preauthorized or
automatic debits/transfers are limited to six
per monthly statement |
|
Christmas
Club Account
 |
Savings account
that begins in November and runs for 50 weeks |
 |
At the end of the
50 weeks the balance in the account is
transferred to a Bank of Akron checking or
savings account of your choice |
 |
Interest rate is
variable and is paid quarterly |
 |
Convenient way
to save for holiday shopping, taxes,
vacations, etc. |
|
Youth
Savings Account
 |
Savings account
for minors (age 21 and under) |
 |
No minimum
balance requirements |
 |
Interest is variable, on a tiered basis and
credited monthly |
|
Baby's
First Savings Account
 |
Bring
your baby (up to one-year-old) into a Bank of
Akron office,
were we will open a new savings account
and make the
first $10 deposit as our gift! Add your
baby’s picture to the Bank of Akron's
“Young Depositors” Wall
of Fame.
It’s never too early to start saving! |
 |
We
will need the baby’s social security card to
open the account.
There is no minimum balance requirement
or service charges
deducted from savings accounts for
minors up to age 21. The $10.00
that we add to the account must remain on
deposit for a
minimum of 90 days. |
|
Custodial
Account for Minors - Uniform Transfer to Minors Account
 |
Savings account
or Certificate of Deposit set up for the
benefit of a minor until
he/she reaches the age of 21 |
 |
The account is
based on the social security number of the
minor |
 |
A custodian is
appointed who is responsible for the funds in
the account until the
minor reaches 21 years of age, then account is
closed and the funds are
transferred to the individual. |
|
Passbook
Savings Account
 |
Savings
account with a passbook |
 |
Interest
is variable, on a tiered basis and is paid
quarterly |
 |
Passbook must be
presented to teller at time of transaction |
 |
There
is a $2.00 per month service fee if the daily
collected minimum balance falls below $200.00. |
|
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