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Personal Savings

Click here for a schedule of fees.

 

 

Regular Savings

  • RATE INFORMATION
    Your interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on your account at any time. Interest will be compounded and credited quarterly.
  • MINIMUM BALANCE TO OPEN THE ACCOUNT
    You must deposit $50.00 to open this account. This does not apply to minor children, under 18 years of age.
  • MINIMUM BALANCE TO AVOID IMPOSITION OF FEES
    A flat service charge of $3.00 will be imposed quarterly if the daily balance in the account falls below $50.00 any day of the quarter. The flat service charge is waived for minor children, under 18 years of age.
  • DAILY BALANCE COMPUTATION METHOD
    We use the daily balance method to calculate the interest on your account. This method applies the daily periodic rate to the principal in the account each day.
  • ACCRUAL OF INTEREST ON NONCASH DEPOSITS
    Interest begins to accrue on the business day you deposit noncash items (for example, checks).
    If you close your account before interest is credited you will receive the accrued interest.
  • TRANSACTION LIMITATIONS
    Transfers from a Regular Savings account to another account or to third parties by preauthorized, automatic, or telephone transfer are limited to six per statement cycle with no transfers by check, draft, debit card, or similar order to third parties.
    A withdrawal charge of $1.00 will be charged for each withdrawal in excess of ten during a quarter.
    A premature closing fee of $10.00 will be charged if the account is closed within six months of the date the account was opened.
  • DORMANT ACCOUNTS
    Regular Savings accounts will become dormant after three years of no activity. A dormant account charge of $3.00 per quarter will be charged if the balance is under $100.00. This fee will not apply to minor children, under 18 years of age.

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Christmas Club Savings

Save in advance to buy your presents. Each year you have an account with us, you will receive a gift.

  • RATE INFORMATION
    Your interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on your account at any time. Interest will be compounded and credited quarterly.
  • MINIMUM BALANCE TO OPEN THE ACCOUNT
    You may deposit $5.00 to open this account. Deposits may be made by automatic transfer from another account at our bank on a weekly, bi-weekly, or monthly basis. Deposits may also be made in person or by mail.
  • DAILY BALANCE COMPUTATION METHOD
    We use the daily balance method to calculate the interest on your account. This method applies the daily periodic rate to the principle in the account each day.
  • ACCRUAL OF INTEREST ON NONCASH DEPOSITS
    Interest begins to accrue on the business day you deposit noncash items (for example, checks). If you close your account before interest is credited you will receive the accrued interest.
  • PAY OUT OF FUNDS
    A check for the principal and interest will be issued to you after the first Friday in November. The account will continue for the next plan year unless notified by you.

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Money Market Demand Account

  • RATE INFORMATION
    Your interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on your account every week. Interest will be compounded and credited to your account every month.
  • MINIMUM BALANCE TO OPEN THE ACCOUNT
    You must deposit $1,000.00 to open this account.
  • MINIMUM BALANCE TO AVOID IMPOSITION OF FEES
    A flat service charge of $3.00 will be imposed every monthly statement cycle if the daily balance in the account falls below $1,000.00 any day of the cycle.
  • DAILY BALANCE COMPUTATION METHOD
    We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
  • ACCRUAL OF INTEREST ON NONCASH DEPOSITS
    Interest will begin to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks). However, this will be no later than three business days.
    If you close your account before interest is credited you will receive the accrued interest.
  • TRANSACTION LIMITATIONS
    Transfers and withdrawals must be a minimum of $500.00.
    Transfers from a Money Market Demand account to another account or to third parties by preauthorized, automatic, or telephone transfer are limited to six per statement cycle with no transfers by check, draft, debit card, or similar order to third parties.

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Children's Savings Accounts

No minimum balance required. Children 12 years and under sign up to win a teddy bear each time they make a deposit. Drawings are held once a month.

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