Regular Savings Accounts are a basic part of the savings and investment plans for many people. They provide an excellent way to accumulate excess funds or to save for a specific purpose. Automatic transfers from other accounts into your Regular Savings account can help you save.
Regular Savings is not a transaction account. Withdrawals must be made in person by the account holder. A $1.00 fee is charged for each withdrawal in excess of five per quarter.
Interest
Earned quarterly
Minimum Deposit
A $100.00 minimum deposit is required to open an account. A dormant account fee of $2.00 is charged monthly for accounts that show no activity for 18 months or longer.
Our Savings Club for Kids ages 13 and under is a fun way to save. You can use this club to teach the value of savings to children at home and at school. Children enjoy the experience of saving for special items with their very own savings account.
Interest
Credited quarterly
Minimum Opening Balance
$25.00 to open. A dormant account fee of $2.00 is charged monthly for accounts that show no activity for 18 months or longer.
Withdrawls
Five withdrawals per statement cycle. $1.00 charge for excess withdrawals.
This account is designed to encourage saving for Christmas throughout the year with a 50-week plan for making deposits. You may either use a coupon book or set up regular automatic deductions from another account within the bank. A check is mailed to account holders for the balance in the account plus the interest earned by November 1st of each year.
After the account is cleared and closed each year, a deposit into the account within 30 days reopens it for the next year. Christmas Club Accounts may be opened between early November and March 31st.
Minimum Opening Deposit
$10.00
Withdrawls
No withdrawals are permitted on the account, except for the full amount of the principal. $10.00 early withdrawal penalty if the account closes before the end of the 50-week period.
The Vacation Club Account is designed for those who may be savings for a specific purpose, long-term or short-term, or who are working towards a particular financial goal. With this account, YOU choose how long to save. When YOU are ready to withdraw cash, the entire amount must be withdrawn. No partial withdrawals may be made. This restriction makes it more difficult for you to access the funds except for the intended purpose. This is a great savings plan for travel, but it works well for other goals also.
Minimum Opening Balance
$25.00. There is a dormant account fee of $2.00 charged monthly if an account show no activity for 18 months or longer.
