Quick Tips & Info

Current Rates

• Earn interest
• No minimum balance required or withdrawal restrictions
• You have complete control over this account: withdrawal and deposit funds as desired
• This account is an excellent way to save for your taxes and home owners insurance
• Nickname this account in Online Banking

How much will you need to place in the Escrow each month?

• Take your insurance and property taxes for the year, add them together, and then divide by 12
• To break down the amount even further:
  Divide your yearly total from the line above by 52 weeks if you are paid weekly or 26 weeks if you are paid bi-weekly. That will be the amount you need to set aside each pay period.
• Set up an allocation from your payroll to go directly to your Escrow Account
• This account can be set up for Overdraft Protection