Show Me the Money
You need to maintain a minimum daily balance of $100 to avoid the service fee in this account.
What is a forward savings account?
This fee can be waived when a customer reaches age 62 with a simple update in Premier.
What is the paper statement fee
If you discontinue e-statements in this account, it will convert to a Brite Start.
What is a Brite Rewards?
This account has a $15 service fee if the account requirements are not met monthly.
What is a Brite Future?
This is a non-interest bearing account with no rewards.
What is a Brite Start?
You could have to pay this service fee if you fall below $1000 in the Brite Money Account
What is $10
If a child is unable to sign a signature card, then a junior savings needs to be opened under this law.
What is UTMA?
Often thought of as a savings because it is limited to 6 withdrawals (not including in person teller transactions) but is actually a checking account.
What is a Money Market?
The number of months an account must remain open to avoid the $20 early closure fee.
What is 6 months?
This type of CD has an interest rate that is adjustable.
What is a Variable Rate Add-On CD?
This law allows only a custodian to have access to the funds while the minor is the owner of the account.
What is UTMA-Uniform Transfer To Minor?
This is a fixed rate account.
What is the CD Special?
Would also accept What are standard CD products?
This account offers free money orders and cashier checks.
What is Brite Future
Similar to the Forward Savings account, this account charges .50 per transaction when you exceed the maximum of 6 (not in person) withdrawals.
What is a Forward Junior Savings?
This account's current balance plus interest earned pays out to the account holder annually in October.
What is a Christmas Savings?
This CD is super budget friendly, needing just 25 to open- and it even lets you add more money along the way.
What is an Add-On CD?
The top two interest earning accounts.
What is the CD Special and Brite Future?
Would also consider what is the Brite Future and Money Market?
These accounts are VIEW ONLY in online banking.
What are UTMAs?
Would also accept What are Junior Savings?
This special CD keeps the same rate from start to finish, won’t let you sneak in extra cash, and will fine you 3 months of interest if you break into it early?
What is a 7-month CD Special?
This is the maximum balance threshold to maximize interest in the Brite Money account.
What is $100,000?
The threshold where the Brite future interest rate drops.
What is over 25,000 (or 25001)
These two checking accounts earn no interest.
What is the Brite Start and Brite Rewards?
Two accounts that are good for people who use debit cards frequently.
What is the Brite Future and Brite Rewards?
These two accounts will penalize you with .50 charges for each withdrawal (not including in person teller transactions) after the first 6 monthly.
What is the Forward Savings and Forward Junior Savings.
An account with this titling cannot have a beneficiary.
What is an UTMA?