Savings

Product	Personal Savings	Automatic Transfer Savings	Young Savers
Description	A simple interest bearing savings account.	A savings account designed to provide overdraft protection for your checking account1	A savings account for ages 10-17
Minimum Opening Deposit	$200	$200	$25
Service Charge Discounts	$5 discount for eStatement2 or $500 average ledger balance	$5 discount for eStatement2 or $500 average ledger balance	None
Monthly Service Charge	$5.00	$5.00	$0(Personal Savings service charges apply when minor turns 18)
Interest Bearing	Yes3	Yes3	Yes3
Transaction Restrictions	Unlimited deposits and in-person transfers. Other transfers and withdrawals are limited.4	None	Unlimited deposits and in-person transfers. Other transfers and withdrawals are limited.4
Benefits:
Online Banking
Text/eMail Alerts5
ATM card

¹ In order to qualify for this account, it must be tied to a checking account as overdraft protection.  A $2.00 Automatic Funds Transfer fee will apply for each automatic transfer that occurs to cover an overdraft.

² Online Banking is required to receive your monthly savings account statement electronically. To receive electronic delivery service, you must have a working connection to the Internet with e-mail capability and Adobe Reader^® 5 or higher.

³ See current rate sheet for rates and tiers.  Variable rates may change daily and interest is compounded daily.  Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks).

⁴ Regulation D limits certain types of withdrawal and transfer transactions you can make out of your savings account to a maximum combined total of six (6) per monthly statement cycle or similar period. A service charge of $1.00 will apply for each transaction that exceeds the limit.  Please refer to our Account Terms and Conditions for details.

⁵ Bank of Alameda does not charge for alerts; however text message and data rates may apply.