Passbook Savings Accounts
A Nantucket Bank Passbook Savings Account can be your first step to saving money. It is an ideal way to save on a regular basis earning interest from day of deposit to day of withdrawal. Minimum deposit to open an account is $10.00. If your account falls below $300.00, a service charge of $3.00 is assessed. Accounts opened and closed within a six month period are charged $25.00.
This is a variable rate account, and the Bank may adjust the interest rate and annual percentage yield at any time. |
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Statement Savings Accounts
Want a savings account where you can make deposits or withdrawals at an ATM? Statement Savings Accounts offer a convenient way to save with a number of special features. Minimum deposit to open an account is $10.00. You can make deposits or withdrawals at any of Nantucket Bank’s ATMs or at the teller line. An unlimited number of withdrawals can be made in person, and you are allowed six pre-authorized withdrawals per month.
You will receive a monthly statement that includes your transactions and balance. If the account falls below $300.00 a service charge of $3.00 per month is assessed.
Accounts opened and closed within a six month period are charged $25.00. This is a variable rate account, and the Bank may adjust the interest rate and annual percentage yield at any time.
These accounts can take advantage of a full-range of 24-hour banking services using the Statement Savings ATM card, Online Banking and Bank By Phone.
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