Features
- Instant account opening through Northwest Chartered Bank Internet Banking and Mobile Banking app
- Available in USD only
- No monthly fee or minimum balance requirement
- No restrictions on the number of withdrawals
- Interest is earned on the average monthly balance and calculated based on the ‘band’ your account balance is within. This is called an ‘accumulative band method’, where rates as per different bands will apply
- Interest is credited on the last day of the calendar month
Conditions
- Debit cards are not issued for an iSave account
- Applicable interest rates are at the sole discretion of the Bank and can be changed without notice
- Interest is paid on a monthly basis based on the average monthly balance (calendar month). The Bank reserves the right to change the basis of the calculation of interest at any time and at its sole discretion
- If the account is closed, interest will be paid pro rata using the average monthly balance
