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Learn more about FDIC Insurance
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More Safety — More Security
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The standard interest rate on the Triple Your Interest Statement Savings account can be doubled or tripled based on the completed execution of recurring automatic transfers from a Sovereign Checking Account to the Triple Your Interest Savings account. Each Triple Your Interest Savings Account is subject to an Interest Qualification Period (IQP) that extends from the 25th day of the previous month to the 24th day of the current month to determine if the account qualifies for double or triple interest. If the sum total of the completed recurring automatic transfers is $100-$199 during the IQP, then the interest rate on the account will be doubled on the first calendar day of the next month. If the sum total of the completed recurring automatic transfers is $200 or more during the IQP, then the interest rate on the account will be tripled on the first calendar day of the next month. Multiple recurring automatic transfers can be used to meet the qualifying limits with the IQP. Only completed recurring automatic transfers from Sovereign Checking accounts are used to establish if an account qualifies for the double or triple interest rate. Transfers other than recurring automatic transfers will not be used when determining if an account is qualified for double or triple interest. Transfers from any account other than a Sovereign Checking Account will not be used when determining if an account is qualified for double or triple interest. Transfers that do not execute for insufficient funds in the checking account, or any other reason, could disqualify the account for double or triple interest. If the recurring automatic transfers are cancelled, fail to complete or execute, or fall below the qualifying levels, then the interest rate will return to the standard rate on the first calendar day of the next calendar month and monthly account fees will apply during the next calendar month. |
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Annual percentage yields (APYs) are effective as of November 14, 2009, and may change at any time and after your account is opened. Fees may reduce earnings. $10 minimum deposit is required to open a Triple Your Interest Savings account. Personal accounts only. See your Personal Deposit Account Agreement for details. |
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Monthly maintenance fee cannot be waived with a balance. |
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Equal Housing Lender - Member FDIC
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