REGULAR SAVINGS
You must deposit $50.00 to open a Regular Savings 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.
| Balance | Fee |
|---|---|
| $250 or Greater | No Charge |
| Less than $250 | $5.00 |
Transactions Limitation
You may make only three (3) withdrawals from your account each calendar quarter.
Compounding and Crediting
Interest will be compounded and credited to your account quarterly. You will not receive the accrued interest if you close your account before interest is credited. 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. Terms range 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
You must deposit $5.00 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. After two withdrawals within the club year, the account will be closed and cannot be reopened until the new club year begins in September.
Compounding and Crediting
Interest will be compounded and credited to your account annually. You will not receive the accrued interest if you close your account before interest is credited. 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.