This is a variable rate statement savings account with limited debit activities. The interest rate and annual percentage yield (APY) may change without notices. Daily balance less than $100.00 will not earn interest or annual percentage yield. We use the daily balance method to calculate interest on this account. This method applies a daily periodic rate to the balance in the account at the end of each day. We credit interest monthly on the day the statement closes on a 365/365 basis (366/366 in leap years.) Interest begins to accrue on the business day you make a deposit.

Detail information on fees and restrictions will be available upon request by calling our Customer Service representatives at (718) 267-ALMA (2567). You may also stop by any of our branch locations near you during normal business hours.