Savings

Statement Savings Account**

This basic savings account is designed to make saving easy. The minimum deposit to open this account is $5.00. The current interest rate that this account earns will be compounded and credited semiannually and begins to accrue on the business day you deposit noncash items.

At our discretion, the interest rate and annual percentage yield may change on this account at any time. There are no maximum interest rate limits for this account. There are no time and minimum balance requirements. This account is considered dormant after 365 days with no deposit or withdrawal activity. Cashier’s Checks and Money Orders from these accounts are subject to normal service charges.

* Annual Percentage Yield (fees could reduce yield) Accurate as of 4/13/2023

Christmas Club Savings**

Christmas Club accounts have a $3.00 minimum balance requirement and no monthly service charges. Deposits can be made weekly, over a 50 week period, in any amount and are done by automatic transfer from one of your other accounts with us. Interest will be compounded annually and credited to your account each year on September 30th, at which time your funds are paid to you via direct deposit. You may deposit no more than $10,000 into this account in any one Christmas Club year.

18 Candles**

This is a Savings and Certificate of Deposit (CD) account that you can open for your child, grandchild, niece or nephew to help save for their future. With this savings account the deposit balance automatically sweeps into a CD account in increments of $100.00. Deposits can be made to the savings account at any time. No withdrawals from the CD will be allowed until Maturity. This account will mature the month of the child’s 18th birthday. This account will be established using the social security number of the child and must also include an adult on the account.

* At our discretion, the interest rate and the annual percentage yield may change on this account at any time. We use the daily balance method to calculate the interest on your account. The daily balance method applies a daily periodic rate to the principal in the account each day. You will earn interest for every day during the period that your account equals or exceeds the minimum daily balance requirements. Interest will be compounded and credited semi-annually. Interest begins to accrue on the business day you deposit non-cash items, (example checks). 

**Please contact our financial institution for current rates and annual percentage yields. At our discretion, the interest rate and the annual percentage yield may change on this account at any time. We use the daily balance method to calculate the interest on your account. The daily balance method applies a daily periodic rate to the balance in the account each day. You will earn interest for every day during the period that your account equals or exceeds the minimum daily balance requirement. Falling below the minimum balance requirement will affect the earnings because of the $6.50 monthly service charge.

Checking and savings accounts are considered dormant after 365 days with no deposit or withdrawal activity. Any and all fees related to these accounts are only applicable if the minimum balance requirements are not met. A tiered rate structure applies to the Money Market account only.

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