Do you really need toasters and sheets for wedding gifts? Why not encourage gifts to help you realize the dream of home ownership? This unique account serves as a bridal gift registry and your wedding guests help you save for your home down payment.
A premium interest rate – see our rate sheet for details. Three years after opening date this account will convert to a Premium Savings Account.
- Low initial deposit of $10
- We provide wedding invitation inserts for the couple to use advising guests how to make a deposit
- The account is opened in the names of the couple; they have access to their funds as needed
- Service charges waived for the first three years (however, the usual dormant account fee [after 2 years of inactivity] and early closing fee apply)
- Interest earned is compounded daily, credited quarterly
- Free and easy account information and transfers between accounts using your Visa ATM card, NetTeller online banking, or Instant InfoLine telephone banking.
- Activity summary shown on your annual statement, at the end of May each year.
See our rate sheet for current interest rates and related balances. Fees may reduce earnings.
*APY = Annual Percentage Yield
**TRANSACTION LIMITATIONS (PER FEDERAL REGULATION D): No more than six preauthorized or automatic transfers, telephone transfers, or transfers made by draft, debit card, or similar order payable to a third party may be made from a savings account to another account at the bank or to a third party in any calendar month. If you exceed, or attempt to exceed, these transfer limits, the excess transfer requests may be refused or reversed, a fee may be imposed on the excess transfer requests, and the bank may reclassify or close your account. However, there are no limits on the number of withdrawals paid directly to you when initiated in person, and no limit on the number of withdrawals paid directly to you when initiated by mail, telephone or messenger.
Looking for another kind of "home" savings account for your little ones? Checkout our Treehouse Savings Club Program, just for kids!