This is the easy way for every person to save money, with a safe, convenient account. It's good for any individual with savings goals. You may make unlimited deposits to the account. Withdrawals are limited to six per quarter. After six withdrawals per quarter, there is a $1.3 fee per additional withdrawal. Interest is compounded and paid quarterly. You will receive quarterly statements. The fee for a savings account is $6.5 per quarter. This is waived for minors (under age 18) and full-time students. You can avoid the fee with a $150 minimum daily balance or $200 average quarterly balance. Open your Savings Account with a minimum opening deposit of $100 at your nearest First Union Bank Branches.