Savings Accounts FAQ

Frequently Asked Questions about Savings Accounts

How often can I access my money?

Federal law limits the number of withdrawals and transfers from all U.S. savings accounts to six per statement cycle. There is usually a $10 fee for each transaction that exceeds this limit. In general, online savings accounts are not designed for frequent access. Although your money is liquid and always available, this type of account should not replace a checking account. There is never a limit to the number of deposits you can make per month.

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