Statement Savings Accounts
Statement Savings Accounts pay interest which is posted quarterly and compounded quarterly. You must maintain a minimum daily balance of $10.00 to obtain the disclosed annual percentage yield. A minimum daily balance of $500 needs to be maintained to avoid a monthly service charge of $5.00. Funds may be easily accessed using an ATM card. Limited monthly withdrawals are allowed.
Christmas and Vacation Club Accounts
Open a club account today to start saving for your holiday or vacation expenses. You must maintain a minimum daily balance of $10.00 to obtain the disclosed annual percentage yield.
Individual Retirement Accounts ~ IRA's
Individual Retirement Accounts may be tax deferred savings accounts. Interest earned is not taxable until it is withdrawn. Like CD's, IRA's also receive premium interest rates. These accounts are an excellent way for anyone to save for retirement. Federal laws limit the annual amount of deposits that may be placed into an IRA account. Withdrawals are not permitted without penalty. Please refer to Savings Account and Certificate of Deposit Account minimum opening deposit requirements.
Certificates of Deposit ~ CD's
Certificates of Deposit offer premium interest rates. Accounts mature after 91 days, 6 months and 1 year. Longer maturity pays higher interest rates. CD's can be a source of regular income for retirees. Early withdrawals are not permitted without penalty.
Opening deposit required as follows:
91 Day (minimum deposit $1,000.00)
6 Month (minimum deposit $500.00)
1 Year (minimum deposit $500.00) 2 Year (minimum deposit $500.00)