SavingsStatement SavingsThis is an interest-bearing account with interest compounded quarterly. Minimum balance to open is $100.00. Accounts for minors are not subject to the minimum balance requirement and must have an adult on the account. Money Market SavingsMinimum deposit to open is $100.00. Interest is compounded monthly. Annual percentage yields vary depending on average daily balance. Accounts with balances that fall below $2,500.00 will be subject to a $5.00 per month service charge. Accountholders receive monthly statements. Contact your nearest branch office for current annual percentage yield for each tier (deposit level). Christmas Club SavingsMake weekly deposits into this account to meet your holiday shopping needs. Interest is paid at maturity with a check mailed to the accountholder for the total of the principal and interest. Accounts can be opened beginning in November and mature in the following October. Minimum deposit to open account: $1.00. Vacation ClubMake weekly deposits into this account to save for your summer vacation. Interest is paid at maturity with a check mailed to the accountholder for the total of the principal and interest. Accounts can be opened beginning in May and mature in the following April. Minimum deposit to open account: $5.00. Certificates of DepositCertificates of deposit allows customers to select specific terms and rates that best meet their needs and allow customers to earn a higher rate of interest. IRAsAn IRA allows the customer several different options to invest their funds for future financial planning such as retirement and education. Health Savings AccountAn HSA allows the customer to save and earn interest on money to be used for qualified medical expenses not covered by insurance. |
