This savings account keeps your funds accessible and pays a competitive interest rate, which is compounded and paid quarterly. You do not incur a service charge or debit fees when you keep a minimum balance of $200 and limit your withdrawals to two per month.

Additional Information
We may change the interest rate on your account at any time. Interest will be compounded every quarter. Interest will be credited to your account every quarter.

The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. This fee will be charged for each month in the quarterly statement cycle if the average daily balance requirement is not met for the month. You must maintain a minimum balance of $100.00 in the account each day to obtain the disclosed annual percentage yield.

We use the daily balance method to calculate the interest on your account. 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 Sand Dollar Savings account to another account or to third parties by preauthorized, automatic, or telephone (including Internet Banking or data transmission) transfer are limited to 6 per month with no transfers by check, draft, POS, computer, or similar order to third parties. Accounts violating Reg D transaction limitations more often than 3 times in a 12-month period, are subject to reclassification as a non-interest bearing account or closure.