Heritage Bank

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Savings Accounts

Savings Account
Money Market Account

Savings Account
The Savings Account is a safe place for customers to keep cash that they do not need access to on a regular basis while allowing them to earn interest. A low balance requirement makes this an ideal savings account for those just starting a savings plan or those who do not maintain balances high enough to earn the higher rates on the Money Market Account and longer-term investment products.Savings accounts are limited to six (6) withdrawal transactions payable to third parties per month. No matter the form of the withdrawal – transfer, check, debit card, computer, etc. Withdrawals made in person, by mail, messenger, or ATM are unlimited.

Monthly Fees/ Balance Requirements		None if minimum daily balance of $100 is maintained. $3.00 monthly base fee if balance falls below $100. $2.00 per withdrawal if more than two withdrawals per month.

Opening Deposit		$50.00 ($5.00 for minors)

Interest		Earns Heritage Bank Savings Rate. Interest is compounded daily and paid quarterly on collected balances. (Minimum $5.00 daily balance to earn APY.)

ATM/Debit Card		ATM card offered on this account.

Other Features Free Online Banking. Free Telephone Banking. Access to other banking services including Direct Deposit and electronic transfers.

Statement		Quarterly statement (Monthly statement if there is electronic activity on the account.)

Online Banking		Free Online Banking.

BillPay		Not offered with this account.

Withdrawal/ Deposit Slips		Pre-printed deposit and withdrawal slips offered at no charge.

Benefits Easy to qualify - few conditions and requirements. Free to minors (under age of 18). Low opening deposit amount - affordable for almost everyone.

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Money Market Account
The Money Market Account combines the convenience and flexibility of limited liquidity with the ability to earn a higher rate of return than a savings account or other investment instrument. The account pays interest according to set minimum balance tiers. Money Market accounts are limited to six (6) withdrawal transactions payable to third parties per month. No matter the form of the withdrawal – transfer, check, debit card, computer, etc. Withdrawals made in person, by mail, messenger, or ATM are unlimited.

Monthly Fees/ Balance Requirements		$10.00 monthly base fee unless minimum daily balance of $1,000 is maintained. $5.00 fee for each transfer over six during monthly statement cycle.

Opening Deposit		$50.00

Interest		Interest paid monthly and compounded daily on collected balances of $1,000 and more.

Interest Tiers		$0.00 - $999.99 Tier I - No interest earned $1,000.00 - $24,999.99 Tier II $25,000.00 - $49,999.99 Tier III $50,000.00 - $99,999.99 Tier IV $100,000.00 and over Tier V

Other Features Free Telephone Banking. Free Online banking. Six monthly transfers allowed (preauthorized withdrawals, automatic or telephone transfers, checks, drafts and debit card or other similar transactions from the account*). Free check image statements. Access to other financial services including Direct Deposit and electronic transfers.

ATM/Debit Card Free ATM/Debit Card. Free unlimited usage of Heritage Bank's ATMs. $300 daily withdrawal limit / $1,000 daily purchase limit.

Statement		Monthly statement with check images.

Online Banking		Free Online Banking.

BillPay		Not available with this account.

Checks		Free

Benefits Limited liquidity plus better rate of return than a Savings Account. Balance options offering tiered interest levels - customer chooses terms to fit personal budget. Affordable fees - customer can control or eliminate fees by maintaining required balances and limiting transfers, withdrawals and third-party checks.

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