At Bank Of The Commonwealth we have a savings account to fit the way you bank.
| Statement Savings | Money Market | |
| Minimum to Open | $100 | $500* |
| Monthly Membership Fee |
none | none |
| Minimum Balance to Avoid a Service Charge |
$300 | $1000 |
| Service Charge per Statement |
$5.00 if balance < $300 | $9.00 if balance < $1000 |
| Check Writing/Withdrawal Limits per Statement Cycle |
• 6 free/quarter • $1.00/each after 6 |
• 3 free checks** • $5.00 /each after 3 (per statement) • Unlimited in-person withdrawals |
| Interest Paid | Quarterly | Monthly (on balances over $1000) |
| ATM Use1 | • No charge when used at BOC • $2.00 when used at other ATM's |
• No charge when used at BOC • $2.00 when used at other ATM's |
| Statements | Quarterly | Monthly |
1 Checking account must be primary account-Savings or Money Market can be secondary account
* May vary with specials.
**Note: Federal regulations limit the number of items paid on Savings and Money Market Accounts to:
6 preauthorized automatic, telephonic (including Online Banking) transfers or withdrawals,.
In addition on Money Market Accounts only 3 transactions may be made to a third party by check, draft, debit card, ATM, POS or
similar order per calendar month.
A $12.00 charge is assessed for items in excess of the 6 allowed on Money Market Accounts.
A $2.00 charge is assessed for items in excess of the 6 allowed on Savings Accounts.
