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A minimum opening deposit of $2,500 is required. This account pays a higher rate of interest yet allows you access to your funds. You must maintain a minimum daily balance of $10.00 to obtain the disclosed annual percentage yield. Daily account balances below $2,500 earn interest at the checking account rate. The minimum amount you may write a check for is $500.00. You may take unlimited withdrawals at the bank for any amount.
Limitations on Preauthorized Transfers: You may not make more than 6 transfers per month to another account with us or to third parties by means of preauthorized or automatic transfer, telephone agreement, order or instruction, and no more than 3 of the 6 such transfers may be made by check, draft, POS, or similar order made by you and payable to third parties.
Additional features include the following:
  ATM Card;
Direct Deposit;
A monthly statement is provided showing your activity.
We offer Statement Savings accounts, Passbook Savings accounts, Christmas Club accounts, and IRA Passbook Savings Accounts. Daily balances of $10.00 or more will earn the current annual percentage yield. There are no maintenance fees associated with these accounts. Statement Savings Accounts offer these additional features:
ATM Card;
MasterMoney(tm) Debit Card (MUST LINK WITH A GRANITE SAVINGS CHECKING
ACCOUNT);
A monthly statement is provided showing your activity
Link to your Granite Savings Checking for overdraft protection; and
Direct Deposit.
Granite Savings Bank offers a wide variety of Certificate of Deposit accounts to meet all of your savings needs. Terms range from three months to five years. Check our competitive rates for more information.
Planning for retirement? We offer a broad range of IRAs in terms of six months up to five years. We offer Traditional, Roth and Educational IRAs at competitive rates.
At DIF member banks, the first $100,000 of non-retirement deposits and the first $250,000 of self-directed retirement deposits per depositor are insured by the Federal Deposit Insurance Corporation (FDIC). All deposits above these amounts are insured by the Depositors Insurance Fund (DIF).
If you would like more information on any of our accounts, services or products, please call our customer service department at (978)546-7185 or E-mail at granite.online@verizon.net
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