Specifically, your account may consist of a checking subaccount and
a savings subaccount.
Otherwise,
the savings subaccount will be noninterest bearing.
The savings subaccount will be governed by the rules governing our other savings accounts.
On a sixth transfer during a calendar month, any funds in
the savings subaccount will be transferred back to the checking subaccount.
If additional funds are needed to cover your transactions, we will automatically transfer without charge available funds in your money market or
savings subaccount to your checking subaccount.
Federal regulations limit pre-authorized transfers from your money market or
savings subaccount to six transfers during a monthly statement period.
Upon the sixth transfer from the money market or
savings subaccount to the checking subaccount during a monthly statement period, the entire balance in the money market or
savings subaccount will be transferred to the checking subaccount for the remainder of the statement period.
Noninterest - bearing checking accounts are comprised of two subaccounts: a noninterest - bearing checking subaccount and a noninterest - bearing
savings subaccount.
If excess funds accumulate in the checking subaccount, we may automatically transfer the funds to the money market or
savings subaccount.
Not exact matches
First up, using an online high - yield
savings account, I've split my money into several different
subaccounts, each of which I've named for a specific
savings goal.