Account Details
 
Opening deposit required $10.00 $10.00 $1.00 $5.00
Monthly maintenance fee $3.50 $5.00 None None
Minimum daily balance required to avoid monthly maintenance fee $100.00 $1,500.00 None None
Pays interest Yes Yes Yes Yes
Interest terms Compounded monthly & credited quarterly Compounded & credited monthly Compounded monthly & credited quarterly Compounded monthly & credited quarterly
Statements issued Quarterly (monthly with electronic activity) N/A Quarterly (monthly with electronic activity) Quarterly (monthly with electronic activity)
Online Banking1 Free Inquiries only Free Inquiries only
In-branch banking Free Free Free Free
ATM banking Free N/A N/A N/A
Telephone Banking1 Free Inquiries only Inquiries only Inquiries only
Additional Rewards
.25% discount on new secured consumer loans & lines of credit, with automatic payment from a Sovereign account*
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Special Considerations
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Available to children under 18.
Withdrawals allowed at end of pre-set term.
Early withdrawals $15 fee.
 
* Discount is offered on new secured consumer loans and lines of credit, except mortgages and auto loans obtained through an auto dealer, with automatic monthly payment from a Sovereign account.

1 Limited to 6 preauthorized withdrawals or transfers (up to 3 may be by check) per statement period.

Member FDIC