If you are looking for a savings account with a large opening deposit, consider a Money Market Account with First National Bank of Hartford. This account allows you to save while earning our highest rate of interest based on current interest rates in the money market.
Minimum deposit to open account | $1,500.00
Minimum Balance to avoid service charge | $1,500.00
Monthly Maintenance Fee:
Balance of $1,500.00 or more | None
Balance of $1,000.00 to $1,499.99 | $5.00
Balance of $500.00 to $999.99 | $6.00
Balance below $500.00 | $7.00
Interest Rate | See Rate Sheet
Annual Percentage Yield (APY) | See Rate Sheet
Minimum balance required to obtain APY as listed | $1,500.00
Interest Computation Method | Daily Balance*
Interest Compounded | Daily
Interest Credited | Monthly
On non-cash items (for example, checks), interest will begin to accrue on the day of the deposit.
Your interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on your account at any time.
If you close your account before interest is credited, you will not receive the accrued interest.
Statement Period: Monthly
Each account will be allowed six withdrawals/transfers per monthly statement period.
Excess Withdrawal/Transfer Fee:
A fee of $1.00 will be charged for each withdrawal/transfer in excess of six per monthly statement period.
Stop Payment Charge (per item) | $15.00
Non-Sufficient Funds (NSF) Fee (per item) | $20.00
Dormant Account Fee: If there is no activity in the account for three years, there will be a $5.00 fee charged to the account each quarter.
* The Daily Balance is determined by the application of a daily periodic rate to the full amount of principal in the account each day.