Regular Savings offers an itemized statement quarterly. Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks) and is paid quarterly. Each account has nine free withdrawals per quarter, and there is no charge for deposits. Withdrawals made in excess of nine are assessed a handling charge of $1.00 each. There is no additional service charge when a $100.00 minimum balance or $300.00 average balance is maintained. If the ledger balance1 falls below these minimums, there is a $4.50 quarterly service charge. This account cannot have more than three pre-authorized withdrawals per month.
1 Ledger Balance is the dollar amount in the account as it shows on the bank books at the end of the business day, with no deduction for uncollected funds or reserves.