Accumulator Savings Plan F.A.Q.s

General

What is the Accumulator Savings Account?

How does the Accumulator Savings Account work?

How do I sign up for the Accumulator Savings Account?

Can I have more than one Accumulator Plan Savings Plan?

Are changes permitted to the Accumulator Savings Account during the term of account (e.g., amount of deposit, change of payout date)? If so, how are changes initiated?

Can I sign up for the Accumulator Savings Plan for longer than one year?

How do I cancel my Accumulator Savings Plan?

Deposits & Withdrawals

How can I make withdrawals from the Accumulator Savings Plan?

If I wish to have the deposits to my Accumulator Savings Plan resume after payout (transfer to Savings account), what action do I need to take?

What is the minimum and maximum amount that may be deposited into the Accumulator Savings Plan every month?

What types of recurring deposits may be used to fund the Accumulator Savings Plan?

Annual Percentage Yield

How is the Accumulator Savings Account Annual Percentage Yield (APY) calculated?

Miscellaneous

I'm already in a savings plan at another bank or credit union. Why should I switch to the Accumulator Savings Plan?