Is there a balance required to avoid the regular monthly service charge?

Yes, there is a minimum balance requirement on Personal Savings account. If the balance in your Personal Savings account goes below $100.00 any time during the quarter, you will be accessed a charge of $6.00. On Insured Money Market Savings, if the balance in your Insured Money Market Savings account goes below $1,000.00 any day during the statement cycle, you will be accessed a charge of $8.00.