Ravenswood Bank will meet your savings needs, ask your Relationship Banker which option will best suit you.
Similar to the Money Market and NOW Accounts, interest is accrued daily, however it is paid quarterly. We use the daily balance method to calculate the interest on your account. This particular method applies a daily periodic rate to the principal in the account each day. At our discretion, we may change the interest rate on your account daily.
| Opening Deposit | $100 | |
| Earnings | Based on Current Rates | |
| Minimum Daily Balance* | $1,000 | |
| ATM | Yes - Deposits Only | |
| Monthly Fees** | ||
| Below Minimum Balance** | $5.00 | |
| 1st 3 Transactions** | $0.00 | |
| Per Transaction after 1st 3** | $5.00 | |
* Minimum balance or minimum opening deposit, where applicable.
** Fees could reduce earnings, where applicable.
Ravenswood Bank offers several options of Certificates of Deposits.