Savings Accounts:
Check Cashing:
Student Loans:
- $5.00 will be the minimum amount for opening an account.
- $1.00 will be the minimum amount for maintaining an account.
- $1,000.00 will be the maximum amount allowed for deposit.
- $.25 per month will be charged if the account falls below $5.00.
- $2.00 service charge will be enacted if the account is closed within 30 days of the opening.
- The annual interest rate on all savings accounts will be 2%.
- ABSOLUTELY no deposits or withdrawals without a passbook.
- You may only open a new account three times during a fiscal year.
- $.25 per withdrawal will be charged for any withdrawal in excess of 4 per month.
- Interest will compound monthly.
- Daily Balance Method is used to calculate interest on your account.
- If you close the account before interest is credited, you will not receive accrued interest.
- If funds are left in the First Tiger Trust during the summer, no deposit or withdrawals will be allowed but interest will continue and will be added to your account.
Check Cashing:
- Cashing of checks will be limited to payroll checks.
- Personal checks will be cashed upon approval from a FTT officer.
- A $.50 fee will be charged to a person wishing to cash a check without having an account with The First Tiger Trust.
Student Loans:
- Diploma will be withheld for non-payment of a loan.
- Maximum loan is $3.00
- If something occurs and a loan cannot be repaid as scheduled, please contact a loan officer.