savings
PHFSL's savings products include:
Regular Checking Account - A non-interest bearing
checking account you can open with a deposit of at least $50.
NOW Checking Account - A variable rate interest bearing
account. Interest is compounded daily and paid monthly. You
must deposit at least $50 to open this account. A service charge
of $5 will be imposed each month (cycle), if the balance in the account
falls below $500 on any day of the cycle. You may qualify to avoid
the service charge by maintaining a corresponding balance of $1,000 in
another deposit account with PHFSL.
Money Market Account - A variable rate, tiered account.
The interest rate to be paid will depend on the daily balance in your
account. If the daily balance in your account is less than $2,500,
the entire balance in the account will earn the appropriate interest
rate. If the daily balance in your account is $2,500 or greater,
the entire balance in the account will earn the appropriate interest
rate. Interest is compounded daily and paid monthly. You
must deposit at least $2,500 to open this account.
Only 6 pre-authorized, automatic or telephone electronic funds transfers
to another account or a third party may be made each month. Of
these 6 transfers, only 3 may be checks to a third party.
Super Money Market Account - A variable rate, tiered
account. The interest rate to be paid will depend on the daily
balance in your account. If the daily balance in your account is
less than $20,000, the entire balance in the account will earn the
appropriate interest rate. If the daily balance in your account is
$20,000 or greater, the entire balance in the account will earn the
appropriate interest rate. Interest is compounded daily and paid
monthly. You must deposit at least $20,000 to open this account.
Passbook Savings Account - You must deposit at least
$50 to open this variable rate account. Interest is compounded
daily and credited to your account monthly. You must maintain a
balance in the account each day to earn the disclosed annual percentage
yield.
Super Passbook Savings Account - You must deposit at
least $1,000 to open this variable rate, tiered account. If the
daily balance in your account is less than $1,000, the balance in the
account will earn the appropriate interest rate. If the daily
balance is $1,000 or greater, you will earn the appropriate interest
rate. Interest is compounded daily and credited to your account
monthly. You must maintain a balance in the account each day to
earn the disclosed annual percentage yield. Interest is compounded
daily and credited to your account monthly.
Certificate of Deposit - Invest your money for various
terms ranging from six months to ten years at a set interest rate.
Federal Regulations require a penalty for early withdrawal. Call for a
rate quote.
Individual Retirement Account (IRA) - IRA accounts are
an excellent method to save for retirement. You can choose from many
different products compatible with your risk profile and financial
needs.
Please request a Truth In Savings Disclosure and Fee Schedule for
additional information. Contact our branch offices
(See Locations) for current rates and other details.