Life Checking + Savings

*All consumer checking accounts have a minimum opening deposit of $25. LIFE CHECKING: Daily balances up to $5,000.00 earn an interest rate of 0.50% with an Annual Percentage Yield (APY) of 0.50%. Balances $5,000.01 or greater earn an interest rate and APY of 0.01%. Must make 20 debit card purchases per statement cycle; signature or PIN based transactions qualify. Debits are determined on the date it is posted to your account and not the date of the transaction/purchase. Debit purchases at or near the end of the month may post in the next month’s statement cycle. ATM transactions do not count as debit transactions to qualify for the preferred rate. If requirements are not met the account earns a base interest rate and APY of 0.01% on all balances. No minimum balance required. This is a variable rate account. For consumer deposits only. LIFE SAVINGS: Must have a Life Checking account in order to open a Life Savings account. Daily balances up to $10,000.00 earn an interest rate of 0.25% with an APY of 0.25%. Balances $10,000.01 or greater earn an interest rate and APY of 0.02%. Must meet requirements of Life Checking account listed above in order to be eligible for the stated rates. If requirements are not met the account earns a base interest rate and APY of 0.01% on all balances. Limit one Life Checking and one Life Savings per household. If the Life Checking account is closed within 6 months there will be a $25 early closure fee per account closed. Electronic statements are free and available upon successful set up with Online Banking. Paper statements are $5 per statement cycle. ATM surcharge fees of up to $10 per monthly statement cycle will be refunded if eligibility requirements are met on Life Checking account within the monthly statement cycle. We will automatically reimburse ATM surcharges incurred during a calendar month on the date the statement cycles for the account.