Savings Accounts

Our Regular Savings requires a minimum opening deposit of $50. This account earns a rate of interest that is set from time-to-time by the bank. Interest on the account is compounded and paid quarterly and the current rate is posted in the bank lobby. There are no monthly service charges if a minimum balance of $50 is maintained. If the balance falls below $50 there is a service charge of $1.00 for that month. Customers age 17 and under will not be assessed the $1.00 fee. This account allows customers to make unlimited in-person and ATM withdrawals. Customers may also make up to six pre-authorized, automatic or telephone transfers each month. Statements on Regular Savings Accounts are mailed quarterly.

Our Money Market Savings is an account with limited check writing privileges. The minimum amount required to open this account is $1,000. This account earns a rate of interest that is set from time-to-time by the bank and the current rate is posted in the bank lobby. Interest earned is compounded and paid monthly. There are no monthly service charges if the minimum balance of $1,000 is maintained. If the balance falls below $1,000 during the monthly statement cycle a fee of $5.00 is charged for that month. This account allows customers to make unlimited in-person and ATM withdrawals. Customers may also make up to six pre-authorized, automatic or telephone transfers each statement cycle, up to three of which may be checks to third parties. Statements on Money Market Accounts are mailed monthly.

Our Money Market Plus is a savings account with limited check writing privileges. The minimum amount required to open this account is $10,000. This account earns a rate of interest that is tied to the Money Market Funds rate as published each Tuesday in the USA Today Newspaper and is posted in the bank lobby. Interest earned is compounded and paid monthly. There are no monthly service charges if the minimum balance of $10,000 is maintained. If the balance falls below $10,000 on any day during the monthly statement cycle a fee of $9.50 will be charged for that month and interest earned is reduced to the Regular Savings rate. This account allows customers to make unlimited in-person and ATM withdrawals. Customers may also make up to six pre-authorized, automatic or telephone transfers each statement cycle, up to three of which may be checks to third parties. Statements on Money Market Plus accounts are mailed monthly.

Our Christmas Club Savings is an account that is used to save money throughout the year for Christmas expenses or any other purpose. The minimum amount required to open the account is $1.00. This account earns a rate of interest that is set from time-to-time by the bank and is the same as is paid on the bank's Regular Savings Account. The interest is compounded and paid annually. Customers receive a coupon book at the time the account is opened and the coupons are used whenever a deposit is made. Each year around the end of October, customers receive a check for the account balance plus interest. There are no monthly service charges but if the account is closed prior to the October distribution a $10.00 early closing fee will be assessed.

Our Certificates of Deposit (CDs) are available in a variety of types and maturities. The minimum deposit amount and rate of interest paid varies with the type and term of the CD selected. The current terms and rates are posted in the bank lobby. Interest earned is paid quarterly by check, deposit to another account or added to the balance of the CD. An early withdrawal penalty may be imposed if all or part of the CD is withdrawn prior to maturity.

Our Individual Retirement Account(IRA) CD's are available in a variety of types and maturities. The current CD rates are posted in the bank lobby. The minimum amount required to open an IRA CD is $500. Interest is compounded and paid quarterly. Withdrawals prior to age 59½ may result in an early withdrawal penalty.

Checks and other items are received for deposit subject to the provisions of the uniform commercial code or any applicable collection agreement. Deposits may not be available for immediate withdrawal.