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Regular Savings
Money Market Account
Certificates of Deposit
IRA/Individual Retirement Account
Christmas Club
Discount Brokerage
Fee Schedule
Earn interest and have access to your funds at all times. This
flexible account is great for stashing away those extra funds. Build
up your balance to save for a special item or occasion.
- Just $50 starts your account
- Interest paid quarterly
- If balance falls below $50.00 any day of the
cycle a $3.00 service fee is charged.
- A per debit fee of $1.00 will be charged for
each debit transaction in excess of nine during a quarter.
- Transfers from a 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, or similar order to third parties.
- Rate may change on account at any time.
Investors can earn a higher rate of return and still have easy
access to their funds.
- Just $2,500.00 starts your account
- Interest paid monthly
- If balance falls below $2,500.00 the account
earns our regular savings interest rate.
- If the average daily balance in the account
falls below $1,000.00 for the monthly statement cycle a $5.00
service fee is imposed.
- The minimum amount to deposit or withdraw
is $100.00
- Transfers from a money market account to another
account or to third parties by, preauthorized, automatic, or telephone
transfer are limited to six per statement cycle with no more than
three by check, draft, or similar order to third parties.
- Monthly statement with check images via mail or pick-up—FREE
Lock in those higher rates with a certificate of deposit. We have
a variety of rates and terms to fit your needs. Short term or long
the choice is up to you.
Just $1,000 starts your account
Certificates of 1 month, 91 days and
182 days:
- Interest posted at maturity
- Interest can be added back to certificate,
transferred to another account or mailed to you by check.
- Penalty for early withdrawal is one month
interest
Certificates of 12, 18, 24, 30, 36,
48 and 60 months:
- Interest posted semi-annually
- Interest can be added back to certificate,
transferred to another account or mailed to you by check.
- Penalty for early withdrawal is three
months interest
All certificates renew automatically
for the same term at maturity unless the customer contacts the
bank within the 10 day calendar grace period.
You have the choice between a Traditional or Roth IRA. Either plan
can enhance your retirement based on your current needs.
- The Traditional
IRA is an account which allows you to defer taxes on your
earnings until they are withdrawn. In addition certain contributions
are tax deductable in the tax year for which they are made.
- The Roth IRA
is a nondeductable account that features tax-free withdrawals
for certain distribution reasons after a five-year holding period.
You must have earned income (or your spouse must have earned income)
and your modified adjusted gross income cannot exceed certain
limits. Please contact us for more
details.
- We also have the Coverdall
Education Savings Account or ESA.
Esa’s allow you to put away up to $2,000 each year for higher
education expenses, earning interest tax-free. Contributions
do not count against the limits for other IRA’s. There are
contribution restrictions and the beneficiary must be under the
age of 18.
Consult your tax advisor before opening any
retirement account.
18 month variable IRA:
12 to 60 month fixed IRA (rollovers or transfers):
18 month variable IRA:
- Just $50 starts your account
- Interest is paid quarterly
- Interest rate can change on 1st day of each
new calendar quarter
- Penalties may be imposed for early withdrawals
as well as IRS penalties
- Additions can be made at anytime
12 to 60 month fixed IRA (rollovers
or transfers):
- Just $1,000 starts your account
- Interest is paid semi-annually
- Penalties may be imposed for early withdrawals
as well as IRS penalties
- Additions are NOT allowed
Its never too early to save for the holidays. Open
a Christmas Club account and deposit each week. You will have a nice
present waiting for your holiday shopping.
- Just $1.00 starts your account
- No withdrawals allowed until club ends
- Checks mailed the first week of November each
year
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