Savings Accounts
We want to make sure your money is always working for you. Our saving products are
designed to maximize your hard-earned dollars.
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Account Type
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Overview
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SAVINGS
Start your savings for tomorrow today. This account offers a secure, easy
way to build your nest egg.
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- Interest bearing*
- $100.00 minimum to open
- Minimum daily balance of $100.00 to earn interest
- $5.00 monthly maintenance fee
- Average daily balance of $300.00 is required to avoid a monthly maintenance fee
- Federal Regulation limits the number of checks, telephone transfers, online transfers, and preauthorized electronics transfers to third parties (including point of sale transactions) from Money Market and Savings type accounts. You are limited to six such transactions from each Money Market and/or Savings type accounts you have each month for purposes of making a payment to a third party or by use of a telephone or computer. If you routinely exceed these withdrawal limitations, the bank is required to convert your account to another account that permits unlimited check writing privileges.
- An excess transaction fee of $2.00 will be charged for each debit transaction in
excess of six (6) during a calendar month.
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YOUTH SAVINGS
You are never too young to start saving. Great Eastern Bank wants to teach
the young investor the value of saving early.
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- Interest bearing*
- $25.00 minimum to open
- Minimum daily balance of $25.00 to earn interest
- Must be 18 years of age or younger
- An excess transaction fee of $2 will be charged for each debit transaction in excess
of two (2) during a statement cycle.
- No monthly maintenance fee
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MONEY MARKET
A tiered money market account that gives you the flexibility of earning
higher rates on higher balances. Competitive rates with limited check writing.
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- Interest bearing*
- $100.00 minimum to open
- Minimum daily balance of $100.00 to earn interest
- Average daily balance of $2,500.00 is required to avoid a monthly maintenance fee
- $10.00 monthly maintenance fee
- Federal Regulation limits the number of checks, telephone transfers, online transfers, and preauthorized electronics transfers to third parties (including point of sale transactions) from Money Market and Savings type accounts. You are limited to six such transactions from each Money Market and/or Savings type accounts you have each month for purposes of making a payment to a third party or by use of a telephone or computer. If you routinely exceed these withdrawal limitations, the bank is required to convert your account to another account that permits unlimited check writing privileges.
- An excess transaction fee of $10.00 will be charged for each debit transaction in
excess of six (6) during a statement cycle
- Interest Tiers are as follows:
- Tier 1 - Daily Balance less than $25,000.00
- Tier 2 - Daily Balance greater than or equal to $25,000.00 but less than $100,000.00
- Tier 3 - Daily Balance greater than or equal to $100,000.00 but less than $300,000.00
- Tier 4 - Daily Balance greater than or equal to $300,000.00
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* Interest- Paid on daily balance, compounds daily, and credited to
the account monthly. The rate is set by Great Eastern Bank of Florida and may change
without prior notice.