Savings

Statement Savings Account

Minimum Balance Requirements
You must deposit $100.00 to open this account.

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. Interest begins to accrue on the business day you deposit noncash items, for example, checks.

Interest Compounded and Crediting
Interest for your account will be compounded and credited quarterly.

Transaction Limitations
Funds can be transferred from this account by telephone transfer, pre-authorized transfer or in-person withdrawal. You may make six pre-authorized or telephone transfers from your account for each month.
Service Charge of $1.00 per month on balances below $100. Withdrawal charge of $1.00 for each withdrawal over 5 per month when the account balance falls below $500.
A $10.00 fee will be charged for closing an account within 30 days.

*Call bank for rates

Christmas Club Account

Weekly payment of any multiple of $5.00. We will make an extra payment if customer makes the first 50 by due date.

*Penalty for early withdrawal

Certificate of Deposit

Certificate of Deposit Type	Minimum Deposit
3 Month	$1,000
6 Month	$1,000
12 Month	$1,000
18 Month	$1,000
24 Month	$1,000
36 Month	$1,000
48 Month	$1,000
60 Month	$1,000

Individual Retirement Account (IRA)

Any individual under 70 1/2 years of age who has earned income may establish an IRA, and can also rollover proceeds from a pension plan payout to an IRA. There are many deciding factors in determining the dollar and age limits for this kind of account.

Ask about our Certificate of Deposit specials.

*Call bank for rates


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