Savings Accounts
Certificates of Deposit:
Minimum Opening Balance = $1000.00
Terms from 32 days to 60 months
Penalty for early withdrawals
Current market rates are paid
The rate paid on account is subject to change at any time
Christmas Club Account:
Minimum Opening Balance = $1.00
If the account is closed before interest is credited, you do not receive the accrued interest
The rate paid on account is subject to change at any time
A check for the balance of the account can be automatically mailed or directly deposited to each customer around Thanksgiving each year
Individual Retirement Account (IRA):
6, 12 and 18 months Fixed Rates
18 months Variable Rate
IRA Accounts are insured for up to 250K separate from other accounts
Regular Passbook Savings Account:
Minimum Opening Balance = $100
Interest is compounded daily and credited quarterly
The first six withdrawals per quarter are free, each after that is $1.00
The rate paid on account is subject to change at any time
For additional information, please contact a customer service representative.
