To open any type of deposit account, please bring into
your local branch a valid photo ID and another form of ID with your
social security number located somewhere on the ID.
CHECKING
Regular Checking
- $100
minimum deposit to open the account
- Unlimited
check writing
- $500 balance requirement
to avoid a maximum $8 service charge
Free
Checking
- $100 minimum deposit
to open the account
- Unlimited check
writing
- First order of basic checks
FREE
- No minimum balance requirement
- No
monthly service charge
- Requires direct
deposit or one transaction per month with check card
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INTEREST BEARING
CHECKING **
NOW Account
*
- $100 minimum deposit to open
the account
- $1000 balance requirement
to avoid tiered service charge and $.25 per withdrawal charge in excess of 15
withdrawals
Super NOW Account
*
- $2500 minimum deposit to
open the account
- $2500 balance requirement
to avoid a tiered service charge and $.25 per withdrawal charge in excess of 15
withdrawals
Money Management
Account (MMA) *
- $2500 minimum
deposit to open the account
- Service Charge: $2500 minimum balance to avoid an $8 service charge
- Limit
of 6 in person withdrawals or transfers per statement cycle
Prime
Timer Account *
To qualify,
you must be 55 years of age or over
- $100
minimum deposit to open the account
- Unlimited
check writing
- One FREE order of basic
checks per year
- No minimum balance
requirement
- No monthly service charges
- Travelers
Checks, Bank Drafts, Money Orders, and Notary Service with no issue charge
- Up
to 10 free copies per month
- Free fax
transmission and receiving on all local fax transmissions
- 10%
discount on safe deposit box
rental
*Compounding and crediting
frequency ? Interest will be compounded every month. Interest will be credited
to your account every month.
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SAVINGS
**
Regular Savings
- $100
minimum deposit to open the account
- $200
balance requirement to avoid a $1 service charge
- Limit
of 6 withdrawals or transfers per statement cycle (2 free withdrawals or transfers
? every debit thereafter incurs a $1 service charge)
- Compounding
and crediting frequency ? Interest will be compounded every six months. Interest
will be credited to your account every six months.
Christmas
Club
- $50 minimum deposit to
open the account
- Unlimited number of
deposits allowed at any amount
- If any
withdrawal is made before October 31st of each year, the account will be closed
- Funds
are distributed in November
- Compounding
and crediting frequency ? Interest will not be compounded. Interest will be credited
to your account annually.
Certificates
of Deposit (CDs)
- Available
in terms from 3 months to 5 years
- Interest
drawn out on monthly, quarterly, or annual basis or at maturity
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Individual Retirement Accounts (IRAs)
- TRADITIONAL IRA - This allows
you to defer taxes on your earnings until they are withdrawn. Also,
certain contributions are tax deductible in the tax year for which
they are made.
- ROTH IRA - This is a nondeductible
account that features tax-free withdrawals for certain distribution
reasons after a five-year holding period. However, after age 59 ?,
all withdrawals are tax-free.
*****Monthly service
charges will be waived for high school and college customers who meet the following
requirements:
1.) Full time enrollment
in school
2.) Maintain a regular checking account (Proof of student status
may be required)
**Rate Information ? Your interest rate and annual percentage yield
may change.
Frequency of rate changes ? We may change the interest
rate on your account at any time.
Determination of rate ? At our discretion,
we may change the interest rate on your account.
Effect of closing an account
? If you close your account before interest is credited, you will not receive
the accrued interest.
Daily balance computation method ? We use the
daily balance method to calculate the interest on your account. This method applies
a daily periodic rate to the principal in the account each day.
Accrual
of interest on noncash deposits ? Interest begins to accrue on the business
day you deposit noncash items (for example, checks).
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