| Pamrapo
Savings Bank is on the list of Depository Institutions approved by
the New Jersey Real Estate Commission pursuant to NJSA 45:15-12.6.
| Real
Estate Brokers & Escrow Accounts |
| Minimum
Deposit to Open |
| $500.00 |
| Minimum
Balance to obtain APY* |
| N/A*** |
| Interest
Rate** |
| None |
| Annual
Percentage Yield** |
| None |
| Account
Terms |
- The interest rate and
annual percentage yield may change at our discretion.
- Interest begins to accrue
on the business day you deposit non-cash items (For
example, checks).
- Interest is calculated as simple
interest.
- If you close your account
before the interest is credited you will not receive the
accrued interest.
- We use the daily balance
method to calculate the interest on your account. This
method applies a daily periodic rate to the principal in
the account each day.
|
|
