There is no minimum balance required to open the account or earn the stated dividend rate. Once the account is open, sufficient funds must be maintained in the account to cover the $1 monthly maintenance fee and other authorized charges (debits, checks ordered, stop payments placed, etc.).
Yes. Dividends are compounded daily and credited monthly on the same day your statement is generated. Checking accounts are variable rate accounts, which means the dividend rate and Annual Percentage Yield (APY) may change.
For each statement period you are allowed up to a total of 50 checks, teller cashed items and Another Chance items. If you have more than 50 of these items in a statement period, you will incur a service charge of $0.20 per item.