The benefit to you
Sovereign Statement Savings gives you fast access to your money and features a low average balance requirement of just $400 to avoid the monthly fee.
The costs you will incur
There is a $3.50 monthly maintenance fee if your average daily balance is below $400.
What you need to proceed
Opening a Statement Savings account is fast and easy. To open an account, you'll need to provide the following information for each person named on the account:
- Social Security Number
- Current address and prior address if you have lived at your current address for less than 2 years
- Driver's license number
- School/employment information
- Phone number and email address