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Product Description

  • Please review the product descriptions below, then click the “Open an Account” button at the bottom of the page to open your new BankPlus account.

     ValuePlus Interest Checking

    • Minimum opening deposit of $1,500
    • Interest is earned daily and credited to your account monthly
    • The interest rate is variable and is subject to change daily at the discretion of the Bank
    • There is no service fee when you keep a minimum balance of $1500; otherwise, the fee is $8 per statement cycle.
    • A minimum of $1,500 is required to obtain the current Annual Percentage Yield.
    • Fees could reduce earnings on the account

     

     InterestPlus Checking  

    • Minimum opening deposit of $1,000
    • Interest is earned daily and credited to your account monthly
    • The interest rate is variable and is subject to change daily at the discretion of the Bank
    • There is no service fee when you keep a minimum balance of $1000; otherwise, the fee is $8 per statement cycle.
    • A minimum of $1,000 is required to obtain the current Annual Percentage Yield.
    • Fees could reduce earnings on the account

     


    PrimePlus Club

    • Minimum opening deposit of $500.
    • Interest is earned daily and credited to your account monthly.
    • Interest is not earned on the days your account balance is less than $1,000
    • The interest rate is variable and is subject to change at the discretion of the Bank
    • A minimum of $1,000 is required to obtain the current Annual Percentage Yield.
    • Fees could reduce earnings on the account


    InvestmentPlus Checking

    • Minimum opening deposit of $10,000
    • Higher interest rates are earned for balances of $100,000 and over
    • Interest rates are based on simple interest
    • Interest is earned daily and credited to your account monthly
    • The interest rate is variable and subject to change daily at the discretion of the Bank
    • There is no service fee when you keep a minimum balance of $10,000; otherwise, the fee is $20 per statement cycle
    • A minimum of $10,000 is required to obtain the current Annual Percentage Yield.
    • Fees could reduce earnings on the account


    Christmas Club Savings

    • Minimum opening deposit of $5
    • The current rate is variable and subject to change.
    • A minimum balance of $5 is required to obtain the current Annual Percentage Yield
    • The account will mature on October 31
    • Fees could reduce earnings on the account


    Personal Savings

    • Minimum opening deposit of $100
    • Interest is earned daily and credited to your account semiannually
    • There is no service fee when you keep a minimum balance of $100; otherwise, the fee is $5 per month
    • The interest rate is variable and is subject to change daily at the discretion of the Bank
    • A minimum of $100 is required to obtain the current Annual Percentage Yield and no interest is earned on days your account balance falls below this amount. There is a regulatory limit of 6 preauthorized transfers or withdrawals per calendar month or statement cycle. Only 3 of these may be by draft, ACH or similar order payable to a third party. An excessive transaction fee of $5 per item will be charged for preauthorized items over the limit of 6. This limit does not apply to transfers or withdrawals made in-person or at an ATM
    • Fees could reduce earnings on your account

    Personal Money Market

    • Minimum opening deposit of $1,000
    • Interest is earned daily and credited to your account monthly
    • There is no service fee when you keep a minimum balance of $1,000; otherwise, the fee is $8 per statement cycle
    • The interest rate is variable and is subject to change daily at the discretion of the Bank
    • A minimum of $1000 is required to obtain the current Annual Percentage Yield and no interest is earned on days your account balance falls below this amount
    • There is a regulatory limit of 6 preauthorized transfers or withdrawals per calendar month or statement cycle. Only three of these may be by check, draft, debit card, ACH or similar order payable to a third party. An excessive transaction fee of $5 per item will be charged for preauthorized items over the limit of 6. This limit does not apply to transfers or withdrawals made in-person or at an ATM
    • Fees could reduce earnings on your account.
       

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