Personal Banking: Savings Accounts
Wakulla Bank's savings account - saving for tomorrow. This account requires a minimum deposit of $100.00 to open. Interest will be compounded every day. Interest will be credited to your account every quarter. The interest for this account will be calculated using the daily balance method. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks). Transfers from a Savings Account to another account or to third parties by pre-authorized, automatic, telephone, or computer transfer are limited to six per statement cycle with no more than three by check, draft, debit card, or similar order to third parties. An excess withdrawal fee of $2.00 will be charged for each debit transaction (withdrawal, check paid, automatic transfer or payment out of this account) in excess of six during a calendar quarter. A maintenance fee of $5.00 will be imposed every quarter if the balance in the account falls below $100.00 any day of the quarter.
