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PERSONAL SAVINGS ACCOUNTS

We want to make sure your money is always working for you. Our savings products are designed to maximize your hard-earned dollars.

 

 Personal Savings Accounts
Regular Savings Account

Start your savings for tomorrow today. This account offers a secure, easy way to build your capital.

  • $100 minimum to open
  • Interest bearing
  • Minimum daily balance of $300 is required to avoid a monthly maintenance fee
  • The depositor is permitted or authorized to make no more than six (6) transfers and withdrawals or a combination of such transfers and withdrawals per statement cycle from a Regular Savings account to another account of the depositor at the same institution or to a third party by means of a pre- authorized or automatic transfer or telephonic agreement order or institution AND no more than three (3) of the (6) such transfers may be by draft or similar order made by the depositor and payable to third parties
  • An excess transaction fee of $2 will be charged for each debit transaction in excess of six (6) during a statement cycle
  • $5 monthly maintenance fee
 Personal Savings Accounts
Youth Savings Account

You are never too young to start saving. Great Eastern Bank wants to teach the young investor the value
of saving early.

  • $25 minimum to open
  • Interest bearing
  • Minimum daily balance of $25 to earn interest
  • Must be 18 years of age or younger
  • An excess transaction fee of $2 will be charged for each debit transaction in excess of two (2) during a statement cycle
  • No monthly maintenance fee
 Personal Savings Accounts
Money Market Account

For those who desire a higher rate of return on their money with limited check writing.

  • $100 minimum to open
  • Interest bearing
  • Average daily balance of $2,500 is required to avoid a monthly maintenance fee
  • Transfers from a money market account to another account or to parties by pre-authorized, automatic, or telephone transfer are limited to six (6) per statement cycle with no more than three (3) by check, draft, or similar order to third parties. If you exceed these withdrawal limitations, the bank is required to convert your account to another account that permits unlimited check writing privileges
  • An excess transaction fee of $10 will be charged for each debit transaction in excess of six (6) during a statement cycle
  • $10 monthly maintenance fee
 Personal Savings Accounts
Super Money Market Account

A tiered money market account that gives you the flexibility of earning higher rates on higher balances with limited check writing.

  • $100 minimum to open
  • Interest bearing
  • Average daily balance of $25,000 is required to avoid a monthly maintenance fee
  • Transfers from a money market account to another account or to third parties by pre-authorized, automatic, or telephone transfer are limited to six (6) per statement cycle with no more than three (3) by check, draft, or similar order to third parties
  • If you routinely exceed these withdrawal limitations, the bank is required to convert your account to another account that permits unlimited check writing privileges
  • An excess transaction fee of $10 will be charged for each debit transaction in excess of six (6) during a statement cycle.
  • Interest Tiers are as follows:
    Tier 1 - Daily Balance less than $2,500
    Tier 2 - Daily Balance greater than or equal to $2,500
    but less than $25,000
    Tier 3 - Daily Balance greater than or equal to $25,000
    but less than $100,000
    Tier 4 - Daily Balance greater than or equal to $100,000
  • $10 monthly maintenance fee
    Your interest rate and annual percentage yield may change.
 Personal Savings Accounts
Certificates of Deposit/IRA

Great Eastern Bank of Florida offers Certificates of Deposit ranging in terms from 30 days to five (5) years. Rates are fixed for the term of the certificate. Please inquire with one of our representatives for current interest rates and promotions.

Interest: The rates are set by Great Eastern Bank of Florida and may change without prior notice. The interest earned is compounded daily and is payable monthly
or at maturity.

Withdrawals: There is a substantial penalty for early withdrawals. The amount of the penalty varies based on the term of the certificate.
Please refer to the bank's Terms and Conditions disclosure for additional information.

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