Real Saver
Everybody knows saving is important, but it's not always easy. Until now. ECB's Real Saver is a revolutionary account that builds your savings without taking a dime coming out of your pocket. Yeah, that's revolutionary all right.
The high-interest earnings and ATM-fee refunds from your Reward Checking account are automatically transferred into your Real Saver account, where they earn even more interest. So open both accounts today; your future will thank you for it.
- Summary
- 1.50% APY* on balances up to $50,000
- 1.01% APY* on amount of balance over $50,000
- $200 minimum balance to waive $2 monthly service fee
- Linked to Reward Checking
- 4.01% APY* and ATM fee refunds from Reward Checking automatically deposited to Real Saver
- Free online banking
- Free online e-statements
- $200 minimum deposit to open
- FDIC insured
*APY = Annual Percentage Yield
Transfers from your account to another account or to third parties by preauthorized, automatic, internet access or telephone transfer and transfers by check, draft, debit card, or similar order to 3rd parties are limited to six per month. A per transaction fee of $10 will be charged for each transaction in excess of six during a monthly statement cycle.
- Qualifications
By qualifying for the premium Reward Checking earnings, you automatically qualify for Real Saver. You get both by simply doing the following each month:
- Make 10 debit card transactions
- Receive e-statements online
- Have at least one direct deposit, automatic debit, or bill pay online
If you don't qualify, don't worry. Real Saver is still a free savings account earning the competitive 0.25% APY. Best of all, you can earn the premium rewards the very next statement.
- More Info
Annual Percentage Yield (APY) accurate as of May 1, 2010. Rate tiers are as follows: 1.50% APY applies to balances of $.01 - $50,000 and 1.01% APY applies to balances over $50,000 as long as qualifications are met each statement cycle. 0.25% APY applies to all balances if qualifications are not met. Rates and APY may change after the account is opened. Fees may reduce earnings. $200 minimum balance to waive $3 monthly service fee. A $200 minimum balance is needed to waive the $2 monthly service fee. Available to personal accounts only. Client must have a Reward Checking account to open. Interest earned on Reward Checking and ATM refunds are automatically swept into your Real Saver account as part of our automatic savings plan. If you do not meet the requirements per cycle, your account will still function as a free savings account earning the standard APY, however, your account will not receive ATM fee refunds for that time period. 3 free withdrawals allowed each month. $2.00 per withdrawal in excess of 3 transfers from your Real Saver account to another account or to third parties by preauthorized, automatic, Internet access or telephone transfer and transfers by check, draft, debit card, or similar order to 3rd parties are limited to six per month. A per transaction fee of $10 will be charged for each transaction in excess of six during a monthly statement cycle. Account may be subject to 1099-MISC or 1099-INT IRS reporting.
