Now account
Account Description
Interest Bearing Checking Account
Requirements
- Minimum balance to open account - $1000
Benefits
- Interest is calculated on the daily balance
- All fees waived if you are age 65 and over or have Direct Deposit Social Security
Cost
- Balance of $1000 and over – no monthly service charge
- Balance falls below $1000 - $7.00 monthly service charge applied
- Balance falls below $1000 - After 30 debits, additional $.20 per each debit
The following entities are NOT eligible for a NOW account:
- Sole member LLCs
- For-profit corporations
- For-profit partnership (including husband-and-wife partnerhships)
- For-profit associations