Royal Palm Prime Savings

    Take the worry out of keeping up with changing interest rates. The interest rate on our RP Prime Savings Account changes whenever the prime rate changes.
  • $5,000 minimum deposit to open the account
  • Keep a $10,000 daily average collected account balance to avoid the $10 monthly service fee.
  • Our tiered interest rate structure earns you a higher rate of interest the more you keep on deposit (see below)
  • Receive the security of FDIC Insurance coverage under the terms and conditions as specified by the FDIC
  • View your account activity online with RP Internet Banking
  • Open an RP checking account to simplify accessing your RP Prime Savings Account
  • Interest rate is subject to change without notice
  • The interest rate will change within 2 business days of the posted rate change of the prime rate in the Wall Street Journal
  • Fees could reduce earnings on the account
  • Federal Regulations limit pre-authorized withdrawals or transfers from your savings account to six (6) per month. Limited pre-authorized transfers and withdrawals include checks, drafts, debit card or similar order, systematic savings plans, sweep service, telephone and Internet banking transfers. Transfers and withdrawals made in person, by messenger, by mail, at an ATM, to loans at the same institution or to another depositor at the same institution are unlimited.
  • Tiered Interest Rates: $0 to $9,999.99 - 0% $10,000 - $24,999.99 - 30% of prime $25,000 - $49,999.99 - 40% of prime $50,000 + - 50% of prime

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