Personal Savings

• REGULAR SAVINGS
• CERTIFICATES OF DEPOSITS
• IRAs
• CHRISTMAS CLUB SAVINGS

REGULAR SAVINGS

You must deposit $50.00 to open this account. A minimum balance fee will be imposed every statement cycle (quarterly) if the balance in the account falls below $250.00 any day of the quarter. Annual Percentage Yield is subject to change daily at bank’s discretion.

There will be a $2.50 per item charge for each withdrawal in excess of three (3) per quarter. Minors under age 18 will be waived the quarterly low balance fee.

Transactions Limitations
You may make only three (3) withdrawals from your account each calendar quarter.

Compounding and Crediting
Interest will be compounded on a quarterly basis.
Interest will be credited to your account on a quarterly basis.
If you close your account before interest is credited, you will not receive the accrued interest.
Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (example: checks).

Balance Computation Method
We use the daily method to calculate the interest on your account.
This method applies a daily periodic rate to the principal in the account each day.

CERTIFICATES OF DEPOSIT

We offer Certificates of Deposit, with a $500.00 minimum investment. We offer terms from 7 days to 4 years. Contact one of our investment officers for rates, yields, and more information.

IRAs

We offer both Traditional and ROTH Individual Retirement Accounts. Fixed and Variable Rates for 12, 18, and 30 month terms are available. We also manage SEP Accounts and accept Rollovers from 401K, Profit Sharing, and other retirement accounts. Self-Directed IRAs are managed through our Trust Department.

CHRISTMAS CLUB SAVINGS

There is no minimum deposit to open this account. Annual Percentage Yield is subject to change daily at bank’s discretion.

Fees
There is a $2.00 charge for each withdrawal made prior to the annual disbursement.

Compounding and Crediting
Interest will be compounded on an annual basis.
Interest will be credited to your account on an annual basis.
If you close your account before interest is credited, you will not receive the accrued interest.
Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (example: checks).

Balance Computation Method
We use the daily method to calculate the interest on your account.
This method applies a daily periodic rate to the principal in the account each day.