Savings & Money Market

Regular Savings Account

This account provides unlimited access to funds while earning a competitive rate of interest with a low minimum balance.

Features and Benefits:

• Easy cash access
• Minimum initial deposit – $100
• Overdraft protection can be tied to checking
• No service fee when average daily balance of $50 is maintained for the quarter
• Interest is compounded quarterly on daily balance
• Interest rate and annual percentage yield may change daily

Transactions

• Unlimited withdrawals from an ATM or in person at the bank. Other options are available. Check with a banker. 
• Limitations: Transfers from a Savings account to another account or third parties by preauthorized, automatic, telephone, or computer transfer are limited to six per month with no transfers allowed by check, draft, debit card, or similar order to third parties

Fees

• Average daily balance below $50 per calendar quarter: $3
• Withdrawals or transfers over 18 per calendar quarter: $1 each

Minor Savings (Up to age 18)

• Minimum Initial Deposit – $5
• No quarterly service fee until age 18. Account will revert to traditional savings at age 18.
• Interest is compounded quarterly based on daily balance
• Interest rate and annual percentage yield may change daily

Transactions

• Unlimited withdrawals allowed in person, by mail, by ATM. 
• Limitations: Transfers from a Savings account to another account or third parties by preauthorized, automatic, telephone, or computer transfer are limited to six per month with no transfers allowed by check, draft, debit card, or similar order to third parties

Fees

• Withdrawals or transfers over 18 per calendar quarter: $1 each

Christmas Club Accounts

A great way to put away a little each week and be prepared for the next holiday.

• Earn higher interest than traditional savings
• Deposits are automatically transferred from your checking or savings account 
• Deposit amounts are $5, $10, or any increment of $10 per week. 
• Interest paid at maturity by direct deposit

Money Market Accounts

Secure Savings with Better Interest

Allows access to funds while earning competitive interest rates. Money Market is a limited checking account that earns a variable interest rate.

Features and Benefits:

• Minimum Opening deposit of $2,500 or more
• Minimum average daily balance to earn the APY is $2,500
• Interest is calculated on the average daily balance
• Interest rate and annual percentage yield may change daily
• Monthly statements that summarize all activity. Images are returned in the statement.

Transactions

• Unlimited transfers or withdrawals are allowed in person, by mail, or by ATM
• Limitations: Transfers from Money Market account to another account or third parties by pre-authorized, automatic, or telephone (including data transmission) agreement, order, or instruction or by check, draft, debit card, or similar order (including POS transaction) are limited to six withdrawals monthly.

Fees

Monthly service fee is based on a minimum daily balance.

• $2,500 or more – No Fee
• Below $2,500 – $10

Withdrawals or transfers over 6 per month: $2 each

Preferred Asset Account

A Preferred Asset Account is an investment-style depository account for customers with balances over $100,000 looking for the opportunity to optimize their rate of return while maintaining access to their funds. It offers the flexibility and the options you need.

Benefits

• Interest rate is indexed to the 3-Month U. S. Treasury Bill Auction Rate and will adjust monthly.  As a result, the Preferred Asset Account will earn a market interest rate at all times.
• Interest rates tiered so higher balances earn more
• Interest paid from the date of deposit with monthly compounding
• Unlimited deposit convenience at any banking center, with online banking, or by 24-hour telephone banking
• 24-hour-a-day account information every day with online banking and 24-hour telephone banking
• Unlimited withdrawals in person at any banking center
• Up to six withdrawals per statement cycle with online banking or 24-hour telephone banking

Account Conditions

• A minimum balance of $100,000 must be maintained for full Preferred Asset Investment Account benefits
• Increased annual percentage yields are available on balances of $250,000 or more
• Balances that fall below required minimums are subject to a reduced rate and/or monthly service fee