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Statement SavingsSavings

Statement Savings Accounts

The minimum balance to open a statement savings account is $50. A balance of $50 must be maintained in order to earn the current annual percentage yield. The interest rate on this type of account is variable. Your interest rate and annual percentage yield may change daily at the discretion of management.

Features of the BNO Statement Savings Account include:

  • Three withdrawals per month from this type of account are permitted free of charge. $2.00 will be charged for each withdrawal over the limit of three.
  • Accounts with balances of less than $50 will be assessed a monthly maintenance fee of $1.00 and will not earn interest
  • Combined checking and savings account statements are available free of charge
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