Both a Money Market Savings account and ASB Tiered SavingsSM account pay higher interest for higher balances. The Money Market account provides the ability to write checks. Compare All Personal Savings Accounts.
You may make no more than six (6) transfer transactions per monthly cycle. These restricted transactions consist of transfers to third parties or another deposit account with us made by preauthorized or automatic transfers (including overdraft transfers), or telephone agreement (including data transmission), order, or instruction, such as using our telephone banking service or online banking, and transfers made by check, draft, point-of sale, or similar order payable to third parties. Payments to your loans with us and withdrawals or transfers made in person at ATMs or our branches do not count toward the six (6) transfer limit. If you exceed this limit on more than an occasional basis, we may freeze, close, and/or convert your account, transfer your funds to a transactional account, and/or charge you a fee. This applies to both business and personal accounts.
Interest is compounded daily and credited to your account monthly. If your account is closed or is transferred to a non-interest bearing account before interest is credited, you will not receive the accrued interest. If the interest amount calculated for the monthly cycle is less than half a cent, interest will not be paid.
The interest rate and annual percentage yield ("APY") on your account are shown in the separate Customer APY and Interest Rate Sheet ("Rate Sheet"). Your interest rate and APY may change. At our discretion, we may change the interest rate on your account at any time. An APY is an annualized rate that allows you to compare rates across deposit products. View our current rates.
A checking account is considered dormant at 12 months of inactivity and a savings account is considered dormant at 36 months of inactivity. While your account is dormant, you will not be able to access the ATM or use your debit card at point-of-sale (POS) terminals.