Deposit Accounts
NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS
All funds in a "noninterest-bearing transaction account" are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC's general deposit insurance rules.
The term "noninterest-bearing transaction account" includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes Interest on Lawyers Trust Accounts ("IOLTAs"). It does not include other accounts such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, and money-market deposit accounts. Click here to calculate your FDIC insurance coverage.
Regular Checking Account
There is no service charge if you maintain an average collected balance of $300.00 during your statement cycle. A small service charge will be incurred for accounts that fall below that balance. However, there is no minimum balance requirement if you under 23 years old OR over 55 years old.
You will receive a monthly detailed statement with images of your checks and deposit slips.
A debit card is available with this account for your convenience.
Now Account
This account has unlimited transactions and earns a variable interest rate. The minimum balance requirement is $1,000.00 or a service charge will be incurred.
You will receive a monthly detailed statement with images of your checks and deposit slips.
A debit card is available with this account for your convenience.
This account can only be used by individuals for personal use and by sole proprietorships. Corporations, partnerships, associations, estates, business trusts or other judicial entities are not eligible by Federal Regulation.
Money Market Account
This account has a minimum balance requirement of $2,500.00 or a service charge will be incurred. It earns a variable interest rate and is limited to six transactions (six transfers or withdrawals) per statement cycle. A service charge will be assessed for each withdrawal after the first six.
You will receive a monthly detailed statement with images of your checks and deposit slips.
Bonus Banking Account
The Bonus Banking account is our club checking account offered to customers that might find it beneficial to take advantage of some of the following services:
No Monthly Minimum Balance Requirement
Free Personalized Checks
Debit Card
Credit Card Protection Service
Key Ring and Registration Service
Medical Emergency Data Card
Club Saver Discount Book including Nationwide Savings
$10,000.00 Accidental Death Insurance
Free Photocopies (personal use only)
Free Outgoing Fax Service (personal use only)
Free Personal Money Orders
Free Single Signature Travelers Checks
Free Notary Service
The monthly fee for Bonus Banking is $4.00. A family plan is also available for $6.00 which provides accidental death insurance for all immediate family members in your household.
You will receive a monthly detailed statement with images of your checks and deposit slips.
Passbook Savings Account
There is no service charge if you maintain an average collected balance of $300.00 during your statement cycle. A small service charge will be incurred for accounts that fall below that balance. However, there is NO minimum balance requirement if you under 23 years old OR over 55 years old.
Interest will be credited quarterly, and the interest rate is subject to change at any time.
There is a limit of 9 withdrawals per quarter, any withdrawal exceeding the limit will be assessed a $1.00 charge.
Christmas Club Account
This is a savings account to help you prepare for Christmas and end of the year expenses.
You decide how much to deposit in your Christmas Club account each week for 49 weeks, and we will make your 50th deposit for you. Choose between $1.00 and $50.00 for your weekly payments, and we will send you a check for your total balance just in time for Christmas.
There are no service charges or penalties on this account, but failure to make a payment or an early withdrawal cancels your final payment which is made by the bank.
Certificate of Deposit
If you are looking for a way to invest your money in a safe environment which is insured by FDIC, we have some great options for you. We offer certificates of deposit that can range in term from 31 days to 5 years, and require only a $500.00 minimum opening deposit.
Some of the benefits include:
Interest can be accrued monthly for maximum yields
Interest may be compounded, deposited to another account, or paid by check
Outstanding interest rates paid
Special interest rate promotions
Automatically renewable
May be used as collateral
Monthly statements of interest paid
Substantial penalties exist for early withdrawals.
Individual Retirement Accounts (IRA)
We offer both the ROTH and Traditional IRA’s that can help you get your retirement plan in place. You can feel secure knowing your retirement plan is FDIC insured. Our interest rates are very competitive, and we will compound your interest monthly for maximum yields.
Debit Cards
Debit cards are available with most of our checking accounts. Our debit card offers you the convenience of checking plus the added value of safety, easy record keeping and affordability. It can be used at establishments and ATM’s around the world. Just ask for an application when you open your account with us.
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