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Deposit Products


Statement Savings | Passbook Savings | IRA Retirement Accounts | Certificates of Deposit

Statement Savings

  • Unlimited deposits
  • Quarterly statements (monthly with EFT or ACH activity)
  • Interest paid quarterly on collected balances
  • Unlimited in-office withdrawals to accountholder
  • 6 automatic transfers per statement cycle of which 3 may be withdrawals to 3rd party
  • Monthly fee is $1.00 – Fee waived with $100.00 minimum collected daily balance

Passbook Savings

  • Unlimited deposits
  • Savings passbook for ease of record keeping
  • Perfect for the young saver
  • Interest paid quarterly on collected balances
  • Unlimited in-office withdrawals to accountholder
  • 6 automatic transfers per statement cycle of which 3 may be withdrawals to 3rd party
  • Monthly fee is $1.00 – Waived fee with $50.00 minimum collected daily balance

IRA Retirement Accounts

  • No fees
  • Tax deferred interest (check with your tax accountant)

Terms

  • 3, 6, 12, 18, 30, 36 or 48 Month - $500.00 minimum – Early withdrawal penalty is total interest the IRA would earn for the entire term
  • Tax deferred interest (check with your tax accountant)

Certificates of Deposit

  • No fees
  • Available for personal customer or business customer

Terms

  • 3, 6, 12, 18, 30, 36 or 48 Month - $500.00 minimum – Early withdrawal penalty is total interest the CD would earn for the entire term

The information contained on this page does not intend to comply with all state or federal disclosure requirements. Contact our office for full disclosure information.

 

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