Personal Savings Account Options

Savings

  • Interest bearing account
  • This account is limited to six withdrawals per quarter to avoid maintenance fees

Rate information

This is an interest bearing account. The interest rate and annual percentage yield are included in the Rate Chart. The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on the account. We may change the interest rate on the account daily. Interest begins to accrue on the business day you deposit non-cash items (for example: checks). Interest will be compounded monthly and will be credited to the account monthly. If you close the account before interest is credited you will not receive the accrued interest.

Balance information

We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day.

Limitations

Regulation D allows you to make six transfers from your account each four weeks or similar period. Account fees will apply as stated below.

Account fees

The following fee applies to this account:
Excess Activity Fee: $1.00 for each debit transaction (withdrawal, check paid, automatic transfer, or payment out of the account) in excess of six during the quarter. This fee will be described on your statement as: Withdrawal Fee.

Christmas Club

  • Interest bearing account
  • No minimum balance required
  • No withdrawals permitted
  • The balance of the account is sent by check to the customer annually
  • No maintenance or activity fee

Rate information

This is an interest bearing account. The interest rate and annual percentage yield are included in the Rate Chart. The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on the account. We may change the interest rate on the account daily. Interest begins to accrue on the business day you deposit non-cash items (for example: checks). Interest will be compounded daily and will be credited to the account quarterly. If you close the account before interest is credited you will not receive the accrued interest.

Balance information

We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day.

Limitations

You may not make withdrawals from your account until the maturity date.

Account Fees

No fees are imposed.