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Our savings and investment accounts allow you to chose from traditional savings
features to those that provide limited access but may offer higher rates of return.
SAVINGS
MONEY MARKET
HIGH YIELD MONEY MARKET
CERTIFICATES OF DEPOSIT
SIMPLIFIED PENSION PLAN
DEFINED CONTRIBUTION PLAN
SAVINGS1 - Enjoy easy access while earning interest
SAVINGS - BUSINESS1
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| Minimum
Opening Deposit |
$100.00 |
| Monthly
Fee |
Minimum Daily Balance of $300.00 to avoid monthly service charge of $3.00
$15.00 per excessive transaction
$7.00 per (in-person) withdrawal over 3
$15.00 per overdraft transfer
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| Rate
Info |
Interest rates and Annual
percentage yields are subject to daily change. |
| Method
of Computation & Payment of Interest |
Daily balance method is used to calculate the interest on
your account and interest is paid on the statement cycle date. Accounts closed during a statement
cycle shall earn no interest for that period. |
| Limitations |
Limit of 6 ACH, automatic or
telephone transfers per month, then $15.00 per transfer |
MONEY MARKET1 - The perfect account to start building your account reserves
MONEY MARKET - BUSINESS1
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| Minimum
Opening Deposit |
$1,000 |
| Monthly
Fee |
Minimum Daily Balance of $2,500 OR Average Monthly Balance of $7,500 to avoid monthly charge otherwise:
$10.00 with electronic statement2
$11.00 with paper statement
$15.00 per excessive transaction
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| Rate
Info |
Interest rates and Annual percentage yields are subject to daily change.
$2,500 minimum collected balance to earn interest.
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| Method
of Computation & Payment of Interest |
Daily balance method is used to calculate the interest on your account and
interest is paid on the statement cycle date.
Accounts closed during a statement cycle shall earn no interest for that period.
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| Limitations |
Limit of 6 check, ACH, automatic or telephone transfers, per month.
Otherwise, $15.00 per item.
Unlimited ATM withdrawals.
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HIGH YIELD MONEY MARKET1 - Higher balances earn higher rates, so your account can grow even faster
HIGH YIELD MONEY MARKET - BUSINESS1
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| Minimum
Opening Deposit |
$25,000 |
| Monthly
Fee |
Minimum Daily Balance of $15,000 OR Average Monthly Balance of $30,000 to avoid monthly charge otherwise:
$25.00 with electronic statement2
$26.00 with paper statement
$15.00 per excessive transaction
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| Rate
Info |
Interest rates and Annual percentage
yields are subject to daily change.
$10,000 minimum collected balance to earn interest.
|
| Method
of Computation & Payment of Interest |
Daily balance method is used to calculate the interest on your account
and interest is paid on the statement cycle date.
Accounts closed during a statement cycle shall earn no interest for that period.
|
| Limitations |
Limit of 6 check, ACH, automatic or telephone
transfers, per month. Otherwise, $15.00 per item.
Unlimited ATM withdrawals.
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- These accounts are interest bearing and have variable rates. The interest rate and Annual Percentage Yield (APY) may change at our discretion at any time. The minimum balance must be maintained each day to earn the APY. Fees may reduce actual earnings.
- Enrollment in VIPbanker™ is required for eStatements.
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CERTIFICATES OF DEPOSIT - A convenient savings option with a guaranteed rate of return and a choice of terms
CERTIFICATE OF DEPOSIT
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| Minimum
Opening Deposit |
$2,500.00 |
| Monthly
Fee |
N/A
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| Rate
Info |
Current interest rates, annual percentage yields and terms are quoted daily.
Interest rate is fixed at the time the account is opened until maturity.
|
| Method
of Computation & Payment of Interest |
Daily balance method is used to calculate the interest on your account and interest is paid monthly,
quarterly, or at maturity according to depositor's preference.
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| Limitations |
Seven-day minimum term. Certificates are all written with a
multiple maturity (automatically renewable). Withdrawals made during the grace period (up to seven calendar days after
maturity including the renewal date) do not earn interest between the renewal date and date of withdrawal.
Penalty for early withdrawal.
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SIMPLIFIED PENSION PLAN - For more information click here and we will have a bank representative contact you
DEFINED CONTRIBUTION PLAN - For more information click here and we will have a bank representative contact you
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