| This savings account provides a competitive market savings interest rate. |
| |
Features & Fees |
| • |
No monthly service charge if ACB* is $2,000 or more. A $3 charge will apply if the ACB* falls below $2,000. |
| • |
Subject to regulatory withdrawal limitations**. $2 will be charged for each additional withdrawal item. |
| • |
Free Sterling checks. |
| • |
Interest is compounded and credited on each monthly statement date. |
In addition to the Sterling Money Market Account features and benefits listed above, customers meeting relationship balance requirements will enjoy Sterling Money Market Advantage by receiving tiered premium rates of interest on Sterling Money Market Account balances. |
| |
Features & Fees |
| • |
Balance requirements consist of combined deposit and/or loan balances of $25,000 or
greater *** |
| • |
A Silver Lake Bank checking account must be maintained with a minimum of two transactions per month, deposits or withdrawals. |
| • |
Subject to regulatory withdrawal limitations**. A $2 excess debit service fee will be assessed for each additional withdrawal item. |
| • |
Interest compounded and credited on each monthly statement date. |
HSA's are used to pay health care costs of participants enrolled in a high deductible insurance plan specifically approved for their use. If your company is offering employees high deductible insurance plans, Silver Lake Bank can assist by offering HSA's to your employees. The money deposited in the HSA, as well as the earnings are tax-deferred. Individuals can use the funds to pay for qualified medical expenses tax-free. Unused balances earn interest and will roll over from year to year. |
| |
Features & Fees |
| • |
Low one-time $15 set-up fee per employee |
| • |
Monthly balance service fee is $2. When the average collected account balance is $2,500 or greater, your fee is $0. |
| • |
Earn interest by receiving tiered premium rates on the balance. |
| • |
1st set of 50 checks is free |
| • |
Monthly bank statements for employees with check images provided |
| • |
Free debit card |
| • |
Employee online access to their account account with free bill pay services.**** |
| • |
Friendly and flexible staff ready to assist |
| • |
Monthly statements plus annual summary contribution and distribution information. |
| |
*ACB = Average Collected Balance
**Unlimited access to account when made in person or through ATM withdrawals. Six preauthorized/automatic funds transfers are allowed per month.
***To determine balance eligibility, total average collected deposit and current loan balances from prior month end will be used.
****Bill Payment = Silver Express Online Bill Payment is available free to consumer customers who pay two (2) or more bills per calendar month. Consumers paying less than two (2) bills per month will be assessed a $5 monthly service charge. |
