|
|
|
 |
|
|
|
SAVINGS ACCOUNTS
We want to make sure your money is always working FOR YOU!
And, you want to be certain that you are making the right decisions and earnings wherever possible.
Whatever your financial goals or lifestyle, we’ll help you explore the options - simply and clearly- so that you can begin now to develop a program that’s right for you.
Money Market Savings Account
• Requires a $2000 opening deposit.
• Interest will be compounded every month and credited
to your account monthly
• You must maintain a $2000 minimum balance.
• Transfer from this account to another account or to
third parties by preauthorized, automatic, or telephone
transfer are limited to six per month with no more than
three by check or similar order.
• Fees: $10.00 if balance in the account falls below $2000
any day of the cycle.
• $2.50 per check for any check in excess of three during
the month.
Passbook Savings Account
• Requires $100 minimum opening balance.
• Interest will be compounded every quarter and interest
will be credited quarterly.
• If you close your account before interest is credited, you
will not receive accrued interest.
• Fees: $2.00 if balance falls below $100.
• $.50 per withdrawal in excess of two during a calendar month.
Kids Club Account
• No minimum deposit.
• No minimum balance.
• Interest will be compounded every quarter and credited
to your account quarterly.
• Receive birthday “money” coupon.
• May make deposits at “Bank at School” days.
Christmas Club Account
• Save throughout the year for the holiday season.
• Receive your Christmas check at the end of October;
enough time to get all that shopping done!
• Earn a higher yield on your savings.
*(Rates subject to change).
Real Club Account
• A great way to save for your Real Estate Taxes.
• Earn a higher yield on your savings.
*(Rates subject to change).
IRA Accounts
An IRA is a tax sheltered savings program for your future security.
Traditional Variable Rate IRA
If you are under 70 1/2 for the entire tax year and have compensation, you are eligible to establish an IRA, even if you already participate in any type of government plan. You may contribute any amount up to 100% of your compensation or $2000, whichever is less.
Education IRA
An Education IRA is a non-deductible account that features tax-free withdrawals for a very specific purpose - a child’s higher education expenses.
Roth IRA
The Roth IRA is a non-deductible account that features tax-free withdrawals for certain distribution reasons after a five-year holding period.
Certificates of Deposit
Certificates of Deposit, or CDs, can make an excellent short or long-term choice for any purpose Our CDs are designed to give you the most competitive rates available.
• Receive the safety and security that comes with this popular investment.
• We offer time deposits with maturities ranging from 7 days to 60 months.
• With our 24 month Certificate of Deposit, you can make deposits to the certificate at any
time in increments of $100.
Our experienced staff will help you select the best alternatives to meet your current and future needs. |
|
|
 |
 |
|
