Savings Accounts

 

MMDA Accounts

  • Interest rate and annual percentage yield are at the bank’s discretion and can be changed at any time
  • The interest rate will never exceed 6.00%
  • $2500 minimum to open
  • $5.00 fee if balance falls below $2500
  • No interest paid if account closes before statement
  • Limited to 6 withdrawals per statement cycle. No more than three by check, draft or similar order to third parties
  • Fees could reduce earnings

Individual Savings Account

  • Interest rate and annual percentage yield are at the bank’s discretion and can be changed at any time
  • Interest is compounded daily on the average daily balance
  • Interest is paid quarterly
  • Statements will be sent annually at year end
  • $200 average balance must be maintained to obtain the annual percentage rate (except youth age 18 and under)
  • Limited to 3 withdrawals per quarter
  • $1.00 item fee for withdrawals over 3 per quarter
  • No interest paid if account closes before statement
  • Fees could reduce earnings.

 

Certificates of Deposit

  • Interest rate and annual percentage yield are at the bank’s discretion and can be changed at any time
  • Ranging term lengths available

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