NVE 1st Account
This account is similar to a Money Market Savings Account and is recommended for those depositors who maintain a balance in excess of $2,500. The account requires an opening balance of $2,500. There is no minimum balance.

Features:
This is an FDIC insured deposit. No passbook is required for transactions. Checks may not be written against this account. The depositor receives a monthly statement of transactions similar to a checking account. Interest on this account is compounded daily and credited monthly. The depositor is eligible to receive a free STAR® ATM card. The interest rate paid on this account is found on the current rate sheet. The minimum balance that is required to open this account is $2,500. There is no minimum balance required on this account. All deposits are subject to collection before withdrawal. Direct deposits (such as payroll, pension checks or social security) can be made to this account. Free Telephone Banking is available for this account. Interest earned on this account is subject to income tax and the bank issues a yearly IRS form 1099. The depositor must supply the bank with a taxpayer identification number (social security number).

Rates:
The interest rate paid on this account can be found on the current rate sheet. Interest is compounded daily and credited monthly.