Personal Savings
| Requirements | Statement Savings | Lease Security Savings | Youth Statement Savings | Student Statement Savings |
|---|---|---|---|---|
| Minimum Deposit to Open | $100.00 | $100.00 | $10 | $10 |
| Minimum Balance Fee | $1.50 monthly fee if daily balance falls below $100.00 | None | If the account balance falls below $1, the account will automatically close | If the account balance falls below $1, the account will automatically close |
| Interest Rate Begins to Accrue | On the business day you deposit non-cash items (i.e. checks) | On the business day you deposit non-cash items (i.e. checks) | Account does earn interest | Account does earn interest |
| Frequency of Compounding | Compounded daily, credited monthly | Compounded daily, credited monthly | Compounded daily, credited monthly | Compounded daily, credited monthly |
| Minimum Daily Balance to Obtain Stated Annual Percentage Yield | $100.00 | $100.00 | NA | NA |
| Requirements | 18+ to apply |
18+ to apply |
Specifically designed for infants/newborns
BCB will credit the account $10.00 after account opening.
|
Specifically designed for students in grammar school and high school.
BCB will credit the account $10.00 after account opening.
|
| BCB Contribution to Account | None | None | None | NEW! BCB Excellence Award Program: $3.00 reward for every “A” or 90 and above grade on a student’s report card during the current school year. Reward is capped at $15.00 per school year. Report card must be presented at a branch to receive award |
Holiday/Vacation Club Accounts
- You must deposit $1.00, $2.00, $5.00, $10.00, or $25.00 to open account.
- Interest-bearing account
- Deposits made via transfers from other accounts
- Checks / Disbursements are distributed at set point in April (Vacation) or October (Holiday) based on balance of account.
- This is a perpetual account; it does not get closed-out once disbursement occurs.
- Cannot be used as an overdraft protection product.
Other Details
Closing account before interest is credited will forfeit the accrued interest.
Fees may reduce earnings.
You may make 6 withdrawal(s) from your account every statement cycle. Transactions include:
Pre-authorized transfers, automatic transfers, telephone or fax transfers, internet banking service, debit card or other similar third party transactions.
Any additional withdrawal transaction will incur a fee of $25.00 per transaction.
