Summary of Fees

  • Administrative Fee: $45 per year. Fee deducted from the account balance. (NOTE: If enrolling with an employer group, this fee may be paid in full, or in part, by your employer.)
  • Custodial Fee: 6.25 basis points per quarter (i.e., $0.625 per $1,000 every three months). Fees deducted from the account balance quarterly.

 

Transactional Fees
Withdrawals via paper check $10
Excess contribution correction $25
Non-sufficient funds (NSF) $30
Transaction correction $25
Wire transfer (sent or received) $25
Duplicate copy of tax document $4
Transfer/rollover to another custodian $25
Account closure $25

 

 

Debit Card Fees (if applicable)
Replace lost or stolen debit card $12
Additional charge (per card) for three or more debit cards $6
Stop payment $25
Copy of debit card merchant receipt $25
Terminate debit card access $25

 

 

Interest Schedule

There is no minimum balance required to open an account or obtain the annual percentage yield disclosed. Interest is credited monthly and based on the balance in your cash/debit card account. The interest rate available on your account is as follows.

 

 

Balance Interest Rate
$25,000 or more 0.50%
$15,000 – $24,999.99 0.40%
$10,000 – $14,999.99 0.30%
$5,000 – $9,999.99 0.20%
$2,500 – $4,999.99 0.10%
$0 – $2,499.99 0.05%