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Young
Savers
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Meridian
Savings
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Ultimate
Savings
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High
Yield Money Market
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Certificate
of Deposit (CDs)*
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Description
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Convenient
savings account for youths to learn the value of savings.
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Traditional
account with a competitive interest rate.
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Pays
a higher rate for higher balances and includes added benefits.
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Check
writing capabilities while earning high yield rates.
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Earn
a guaranteed return for the term that meets your needs.
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Recommended
for
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Young
savers wishing to learn the benefits of earning interest.
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Those
wishing to set aside funds and earn interest without high
balance requirements.
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Those
wishing to earn competitive rates on higher balances.
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Those
wanting competitive rates and easy access without a fixed
term.
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Those
wishing to lock in competitive rates without risk to their
investment.
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Deposits
and withdrawals
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$100
minimum to open
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$100
minimum to open
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$100
minimum to open
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$1,000
minimum to open
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$1,000
minimum to open
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Two
withdrawals allowed per month- additional withdrawals $2
each**
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Two
withdrawals allowed per month- additional withdrawals $2
each**
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Two
withdrawals allowed per month- additional withdrawals $2
each**
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Six
withdrawals allowed per month-additional withdrawals $12
each†
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Withdrawals
only permitted at maturity without substantial penalty
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Interest
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Calculated
and paid at statement cycle on all balances. |
Calculated
and paid at statement cycle on balances over $100. |
Yes,
balance tiers reward higher balances with higher rates.
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Yes,
balance tiers reward higher balances with higher rates.
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Yes,
competitive rate paid for specified terms. |
Click
here for
current rates & tiers.
|
Click
here for
current rates & tiers.
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Click
here for
current rates & tiers.
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Click
here for
current rates & tiers.
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Account
features and benefits
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Free
24-hour Meridian Bank Texas bank-by-phone
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Free
24-hour Meridian Bank Texas bank-by-phone
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Free
24-hour Meridian Bank Texas bank-by-phone
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Free
24-hour Meridian Bank Texas bank-by-phone
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N/A
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Free
online banking
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Free
online banking
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Free
online banking
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Free
online banking
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N/A
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Free
online statements
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Free
online statements
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Free
online statements
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Free
online statements
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N/A
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Free
money orders
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Free
money orders
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N/A
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Free
money market checks
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N/A
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Balance
requirements
and other fees
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The
monthly maintenance fee is waived until the age of 18.
Then the account will automatically be converted to a Meridian
Savings account.
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We
will waive your $2 monthly maintenance fee with a minimum
daily balance of $500, or an average daily balance of $2,500,
or a combined balance‡ of $5,000.
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We
will waive your $4 monthly maintenance fee with a minimum
daily balance of $2,500, or an average daily balance of
$7,500, or a combined balance‡ of $10,000.
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We
will waive your $19 monthly maintenance fee with a minimum
daily balance of $5,000, or an average daily balance of
$10,000, or a combined balance‡ of $20,000.
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N/A
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*
A penalty may be imposed for early withdrawal.
**
Federal regulations limit the number of withdrawals allowed.
Please see TISA disclosure.
† You may make six transfers from your account each four weeks or similar
period, if by preauthorizing or automatic transfer, or telephone (including data
transmission) agreement, order or instruction. Three of these transfers may be
made by check, draft, debit card or similar order (including POS transactions),
made by the depositor and payable to third parties. Transfers and withdrawals
made in person, by messenger, by mail or at an ATM are unlimited for regulatory
purposes.
‡ The combined balance option requires that you notify the bank of the
personal accounts you wish to link in order to avoid the monthly maintenance
fee. These Meridian Bank Texas accounts include checking, savings, CD, or IRAs.
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