Frandsen Bank & Trust




AccountMinimum Opening BalanceHighlightsInterestService Charge
Statement Savings

$100

  • Unlimited in-person transactions
  • Withdrawal limitations apply per federal regulation*
  • Accrues daily; credited and compounded quarterly
A $3 Maintenance Fee will be imposed every month if account falls below $200 on any day during the calendar month.  This fee is waived if you are under 18 years of age.




AccountMinimum Opening BalanceHighlightsInterestService Charge
Health Savings Account

$100

  • Available to individuals covered by a high deductible health plan (HDHP)
  • Unlimited transactions
  • Accrues daily; credited and compounded monthly
  • Pays interest on a tiered basis
  • A $2 Maintenance Fee will be imposed every month if account falls below $1,000 on any day during the statement cycle.
  • $20 set-up fee.

 

 

AccountMinimum Opening BalanceHighlightsInterestService Charge
Money Market

$2,500

  • $2,500 minimum balance required
  • Unlimited in-person transactions
  • Withdrawal limitations apply per federal regulation*
  • Accrues daily; credited and compounded monthly
  • Pays interest on a tiered basis
A $10 Maintenance Fee will be imposed every month if account falls below $2,500 on any day during the statement cycle. 

 

* During any calendar month, you may not make more than 6 withdrawals or transfers to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order.


Member FDIC