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.