Statement Savings Account*
This basic account is designed to make saving easy. The minimum deposit to open this account is $5.00. For the current rate information you can call, stop in, or check the rates page. Interest will be compounded and credited semiannually and begins to accrue on the business day you deposit non-cash items. If the account is closed before interest is credited, you may not receive the accrued interest. 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. You may make no more than six pre-authorized (excluding Internet Banking) transfers from this account per month. This account is considered dormant after 365 days with no deposit or withdrawal activity. Debit Cards linked to only a savings account will have a $0 limit for point of sale transactions. This card will only be allowed for use at ATMs. Debit Cards linked to only a savings account will be subject to a $6 annual access fee. Cashier's Checks and Money Orders from these accounts are subject to normal service charges.
Christmas Club accounts have a $3.00 minimum balance requirement and no monthly service charges. Deposits can be made weekly for any amount and are done by automatic transfer from one of your other accounts with us. Make deposits for 50 weeks and receive a check in October for your Christmas shopping. You may deposit no more than $10,000.00 into this account in any one Christmas Club Year.
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).
This account is considered dormant after 365 days with no deposit or withdrawal activity. Any and all fees related with these accounts are only applicable if the minimum balance requirements are not met. A tiered rate structure applies to the Money Market account only.