Investment Accounts
PASS BOOK SAVINGS
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Competitive Rate (subject to change)
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Interest is calculated daily, and credited Semi-Annually
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If you close your account before interest is credited you will not receive accrued interest
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$1.00 fee per withdrawal if the number of withdrawals exceeds 3 withdrawals in a 1-month period.
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A minimum balance fee of $2.00 will be imposed monthly unless you maintain a minimum daily balance of $100.00. Children under the age of 25 are exempt from the minimum balance fee.
You must deposit $100.00 to open this account
Business Savings Account
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Competitive Rate (subject to change)
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Interest is calculated daily and credited Semi-Annually
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If you close your account before interest is credited, you will not receive the accrued interest.
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$1.00 fee per withdrawal if the number of withdrawals exceeds 3 withdrawals in a 1-month period
You must deposit $100.00 to open this account
Christmas Club
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Accounts consist of 50 weekly payments in increments of $5.00 or more per week.
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Customer makes 50 payments the bank make a bonus payment equal to .20 of 1% of the total 50 payments amount as a bonus payment.
Certificate of Deposit
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Competitive Rates
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Certificates available from 3 month to 60 month maturities
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Quarterly interest may be added to certificate, deposited to your account, or mailed by check as per your request.
IRA – Individual Retirement Accounts
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Designed to save taxes (subject to individual circumstances)
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Competitive Interest Rates
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24 month term certificates
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No fees or service charges
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Interest calculated daily added to certificate quarterly
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Interest rate same as our 24 month certificate of deposit
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Interest rates variable
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