Earn higher interest with limited check-writing
privileges with the Grove Investment Account. It offers seven
tiers with a scaling interest rate that increases or decreases
when your balance changes, so you can enjoy maximum flexibility
with a good rate of return. There are no item charges and
withdrawals at the branch are free.
| Maintenance Fee is waived
when minimum balance requirement is met |
Avoid Monthly Maintenance
Fee and earn investment type interest rates. |
| Online Banking and Grove
Bank 24 |
FREE Online Banking
and FREE Grove Bank 24 telephone banking gives
24/7 account access over the Internet or by telephone. |
| Online Bill Pay |
FREE Online Bill Paying is the
easiest way yet to pay your bills. |
| FDIC Insured |
Account balance insured up to the maximum
allowed by the Federal Deposit Insurance Corporation for
safety and peace of mind. |
The minimum deposit to open this account is $10,000. A minimum
daily balance of $10,000 must be maintained in the account
each day to obtain the annual percentage yield. Your interest
rate and annual percentage yield may change. At our discretion
we may change the interest rate on your account daily. Interest
begins to accrue on the business day of your deposit. Interest
is compounded daily and credited monthly.
If the daily balance falls below $10,000 any day of the month,
you will be charged a monthly maintenance fee of $35.00. We
use the daily balance method to calculate the interest on
your account. This method applies a periodic rate to the principal
in the account each day. Transfers from this account to another
account or to third parties by pre-authorized, automatic or
telephone transfers are limited to six per monthly-statement
cycle with no more than three by draft, check, debit card
or similar order to third parties.
Getting Started:
For additional details and restrictions or to open an account,
please visit your local Coconut Grove Bank Branch Office.
Click here for hours and branch
locations.
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