Savings and Money Market Accounts
5Star Bank offers two great ways to start saving your money - the traditional Savings account and the Money Market Account. Either option helps your money grow.
Account Services
| Account |
Minimum Opening Balance |
Monthly Service Fee |
Interest |
ATM Access |
Online Access |
| Savings |
$100 |
None if average monthly balance is $100 or more; $2 if below $100. |
No minimum balance requirement to earn interest |
None |
Online access to your account information and transactions
|
| Money Market |
$1,000 |
None if average monthly balance is $1,000 or more; $5 if below $1,000. |
Interest earned on balances at or above $1,000 |
ATM access upon request. |
Online access to your account information and transactions
|
Savings Account
Whether you're looking to save for the long-term or for an upcoming vacation, the 5Star Savings account is perfect to get you started. Interest is paid on all balances at competitive national rates. With convenient 24-hour access to your account online or through our voice banking systems, you will always be in control.
Savings account features include:
- Six preauthorized debits each month. **
- $100 minimum balance required to avoid $2 service fee.
- Clear and concise quarterly statements.
- Free telephone transfers and balance inquiries.
Money Market Accounts
This account offers the benefits of a savings account and the flexability
of a checking account, with limited
check writing. You may open a Money
Market account with as little as $1,000
and begin to earn your compounded daily interest immediately.
And with a free ATM card you will always
be in touch with your account.
Money Market account features include:
- Free set of starter checks
- Free ATM card upon request
- Up to six pre-authorized debits each month, three may be by check. **
- No minimum dollar amount required for writing checks
- Unlimited use of your ATM card for withdrawals, transferring funds between accounts, or balance inquiries.
- Minimum daily balance of $1,000 is required to obtain the disclosed annual percentage yield (APY) and to avoid a $5 service fee.
- Consolidated monthly statement comes with copies of your cancelled checks.
** Excess transactions may be subject to a fee.
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