Savings
Buying a home is the most important event of your life. Abacus understands this. We have over 40 years of experience with residential mortgages. Many of our customers are new immigrants, whom we helped realize the American dream of purchasing their first home. This is what we do and we know how to do.
| Passbook | Statement | Early Start Passbook/Statement (UTMA) |
|---|---|---|
| Minimum Opening Deposit | ||
| - | $25 | - |
| Monthly Service Fee | ||
| - | $5 | - |
| Ways to Avoid Fee | ||
| $1,000 average daily balance | $500 average daily balance | $100 average daily balance |
| Minimum Deposit to Earn Interest | ||
| $500 | $500 | $100 |
| Interest Rate | ||
| x | x | x |
| Base Account Features | ||
| • 24/7 online and mobile banking (includes bill pay and eStatement) • ATM card for statement savings |
||
| Account Specific Features | ||
| Surcharge-free withdrawals at Abacus and MoneyPass ATMs; No Abacus ATM Transaction | Surcharge-free withdrawals at Abacus and MoneyPass ATMs; No Abacus ATM Transaction | - |
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To open your Savings account or learn more, contact us: in person or online.
Disclosures
- Basic savings account where your deposits and withdrawals are recorded in a physical passbook at a bank with a teller.
- You must be enrolled in Online Banking and E-Statement for this account. Valid student ID from an accredited school must be presented to open the account. Your account will automatically convert to an Abacus Everyday Checking account (or comparable account) after 4 years, unless you provide us a valid student ID from an accredited school at such time, and so long as you maintain enrollment in such institution. You will be contacted 30 days prior to account conversion regarding the terms and conditions of the account you will be converted to.
- The monthly maintenance service fee is waived for the rst two statement cycles to allow you to meet your account requirements. After the rst two statement cycles, the monthly maintenance service fee is waived if the requirements are met.
- For accounts closed within 12 months of their opening date, the total Closing Credit received is required to be paid back to the Bank at account closing.
- Your mobile carrier's message and data rates may apply.
- We may charge an International service fee equal to 1% of the amount of the transaction when you use your debit card for any international transaction. An international transaction arises when you purchase goods from a vendor that is located outside of the U.S. or if you use an ATM that is located outside of the U.S. This includes transactions done on the Internet when the vendor is located outside of the U.S. This fee applies regardless of whether the transaction is paid for in U.S. currency. The exchange rate into U.S. currency will be the MasterCard rate in eect on the date of the transaction.
- Abacus Bank does not charge a fee when you use your debit card or ATM card on another ATM that is owned by another Institution. However, you may be charged a surcharge fee by the Institution that owns the terminal or network including balance inquiries.
Speak with an Abacus bank representative for more information. This promotion may be changed or terminated at any time without notice.