Fraternity Federal
 
 
Checking Accounts

Rates Effective: September 4, 2008

Account Type   Minimum Deposit
to Open Account
Minimum Balance
to Obtain APY
Annual Percentage
Yield (APY)
 Interest Rate
 Basic Checking *

$50.00

N/A

N/A

N/A

 Neighborhood NOW Variable $50.00  $10.00  0.75% 0.750%
 Good Neighbor NOW Variable

$50.00

$10.00

0.75%

0.750%

Golden (Senior)  Neighbor NOW Variable        $50.00         $10.00         0.75%      0.750%
 Platinum (Senior) Neighbor NOW Variable $50.00  $10.00  0.75% 0.750%

Neighborhood NOW Good Neighborhood NOW
  • ON-LINE BANKING 
  • ON-LINE BILL PAYMENT 
  • VISA® CHECK CARD
  • PREMIUM INTEREST BEARING ACCOUNT
  • 1st ORDER OF CHECKS FREE (maximum order of 200 standard checks)
  • FREE TRAVELERS CHECKS
  • 15 FREE ATM TRANSACTIONS PER STATEMENT CYCLE **

 

The minimum relationship balance required to avoid the monthly service charge is $2,500.00. The relationship balance equals the lowest balance of the Neighborhood NOW Account plus the lowest balance of ALL deposit accounts where the Tax Reporting Owner of the checking account is an owner or additional owner on the following accounts: any other checking account product, Certificate of Deposit account, Money Market account, Advantage Savings account, Savings account or IRA accounts.

If the minimum relationship balance falls below $2,500.00 within a staement cycle the month service charge of $14.95 will be assessed to the Neighborhood NOW Account. 

 

 

 

 

 

  • ON-LINE BANKING 
  • ON-LINE BILL PAYMENT 
  • VISA® CHECK CARD
  • PREMIUM INTEREST BEARING ACCOUNT
  • 1st ORDER OF CHECKS FREE (maximum order of 200 standard checks)
  • FREE TRAVELERS CHECKS
  • FREE SAFE DEPOSIT BOX (subject to availability)
  • 20 FREE ATM TRANSACTIONS PER STATEMENT CYCLE **
  • POTENTIAL ADDITIONAL BENEFITS (maintain a $5,000.00 relationship with Fraternity in related accounts and become eligible for our Neighborhood CD Accounts)

The Good Neighbor NOW Account requirement is a recurring Direct Deposit of a paycheck, pension or Social Security income electronically deposited into the Good Neighbor NOW Account each statement cycle. The Direct Deposit must be made by an employer or an outside agency. Transfers from one account to another or deposits made at a branch or ATM do not qualify as Direct Deposits. Failure to maintain a Direct Deposit into the Good Neighbor NOW Account will result in a $19.95 monthly maintenance fee charged to the Good Neighbor NOW Account. The relationship balance equals the lowest balance of the Good Neighbor NOW Account plus the lowest balance of all deposit accounts where the Tax Reporting Owner of the checking account is an owner or additional owner on the following accounts:any other checking account product, Certificate of Deposit account, Money Market account, Advantage Savings account, Savings account or IRA accounts.

 

 

Golden (Senior) Neighbor NOW

Platinum (Senior) Neighbor NOW

  • ON-LINE BANKING 
  • ON-LINE BILL PAYMENT 
  • VISA® CHECK CARD
  • PREMIUM INTEREST BEARING ACCOUNT
  • ONE ORDER OF CHECKS FREE (maximum order of 200 standard checks)
  • FREE TRAVELERS CHECKS
  • FREE SAFE DEPOSIT BOX (subject to availabilty)
  • 20 FREE ATM TRANSACTIONS PER STATEMENT CYCLE **

The Golden Neighbor NOW Account requirement is that the primary account owner must be 55 years of age at the time the account is opened and must maintain a minimum $2,500.00 relationship balance to avoid the $14.95 monthly service charge. The relationship balance equals the lowest balance of the Golden (Senior) Neighbor NOW Account plus the lowest balance of all deposit accounts where the Tax Reporting Owner of the checking account is an owner or additional owner on the following accounts:any other checking account product, Certificate of Deposit account, Money Market account, Advantage Savings account, Savings account or IRA accounts.

  • ON-LINE BANKING 
  • ON-LINE BILL PAYMENT 
  • VISA® CHECK CARD
  • PREMIUM INTEREST BEARING ACCOUNT
  • ONE ORDER OF CHECKS FREE (maximum order of 200 standard checks)
  • FREE TRAVELERS CHECKS
  • FREE SAFE DEPOSIT BOX (subject to availabilty)
  • 20 FREE ATM TRANSACTIONS PER STATEMENT CYCLE ** 
  • ELIGIBLE FOR OUR NEIGHBORHOOD CD ACCOUNTS

The Platinum Senior Neighbor NOW Account requirement is that the primary account owner must be 55 years of age at the time the account is opened and must maintain a recurring Direct Deposit of a paycheck, pension or Social Security income electronically deposited into the Platinum Neighbor NOW Account to avoid the $14.95 monthly service charge. The Direct Deposit must be made by an employer or outside agency. Transfers from one account to another or deposits made at a branch or ATM do not qualify as Direct Deposits.

* Basic Checking - provides On-line banking, On-line Bill Payment, a VISA Check Card and Free Travelers Checks. Basic Checking is a non-interest bearing account with a $4.95 monthly service charge. ATM Services Charges apply. 

** ATM transactions are defined as pinned based transactions