Savings & Certificates of Deposit

Regular Savings Account:  Allows you to earn a competitive interest rate on all balances.  A $100.00 average daily balance is required to avoid a $3.00 monthly service charge.  Federal regulations limit a total of six (6) “Pre-authorized withdrawals” during each statement period.  “Pre-authorized withdrawals” include automatic transfers, electronic telephone transfers, on line banking transfers and debits.  There are no limits on the number of deposits or in-person withdrawals.

Junior Savings Account: Same terms as our Regular Savings Account except no average balance requirement until the account holder reaches the age of 19.

Money Market Investment Account:  Allows you to earn a higher interest rate based on a tiered balance structure.  A $1,000.00 minimum average daily balance is required to avoid a $10.00 monthly service charge.  Federal regulations limit a total of six (6) “Pre-authorized withdrawals” during each statement period.  “Pre-authorized withdrawals” include automatic transfers, electronic telephone transfers, on line banking transfers and debits.  Regulations also require that no more than three (3) checks may be paid during each cycle; however, there are no limits on the number of deposits or in-person withdrawals.

Ultra Yield Money Market Investment Account:  For customers who keep a higher balance in their account, we pay a premium money market interest rate.  You earn a higher interest rate than our standard money market account based on a tiered balance structure.  A $5,000.00 minimum average daily balance is required to avoid a $10.00 monthly service charge.  Federal regulations limit a total of six (6) “Pre-authorized withdrawals” during each statement period.  “Pre-authorized withdrawals” include automatic transfers, electronic telephone transfers, on line banking transfers and debits.  Regulations also require that no more than three (3) checks may be paid during each cycle; however, there are no limits on the number of deposits or in-person withdrawals.

Certificates of Deposit:  When daily liquidity is not a concern, certificates of deposit are the best option to earn the highest interest rate.  The annual percentage yield earned depends on the length of time you choose.  A penalty will be imposed for withdrawals before maturity.  If you are concerned about interest rates rising after you have opened your account, we offer a special 42 month “Bump Up” Certificate that allows a one-time rate change during the term of the certificate.

Junior Savers Club:  A savings club for young customers, designed to help them develop a regular savings habit and have fun at the same time.  Special membership parties and functions planned throughout the year.

Christmas Club Account:  A great way to save for holiday expenses while earning interest.  A competitive interest rate accrues daily on balances you add to your account.  The Christmas Club account comes due in October when your balance plus interest is distributed, just in time to help you start filling your shopping list.