Dear___________
Your request for an automatic deposit from your checking account into your savings account was received. I will personally see that the $_________ transfer you authorized is deposited regularly, each month. The first deposit transfer from checking to savings will occur on ________________.
The brochure you received, explaining automatic deposit savings accounts gave three examples. One example cited how much money you will receive by saving $100 per month. As stated, interest on your account will be computed at the rate of ____ percent annually, figured daily and compounded quarterly. This means your automatic deposit of $100 a month for five (5) years will yield a total savings amount of $_________, including interest.
Congratulations on making the decision to save part of what you earn on a regular basis. As recent market uncertainties have pointed out, banks are the safest place to save for your future. We are proud that you have selected ___________ Bank and will honor the trust you have placed in us.
Sincerely,