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$25 |
$25 |
$5 if balance falls below $25 |
Yes |
Statement Savings
Statement savings requires $25 to open which allows customers of any age to save money. There is a $5 service charge if the balance falls below $25 any day of the quarter. Customers do not receive a passbook, instead a receipt is given at time of deposit or withdrawal and quarterly statement are issued. The customer is allowed nine free withdrawals per quarter, after that a $2 fee per withdrawal will be charged. Interest is paid quarterly. |
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$3,000 |
$3,000 |
$10 if balance falls below $3,000 |
Yes |
Cash Management
This is an account which is available to both individuals and businesses. $3,000 is required to open and statements are received monthly. A $3,000 minimum balance avoids the $10 per month service charge. You are allowed up to six withdrawals or transfers per month at no charge, any withdrawal or transfer after that is subject to a $2 fee. Variable interest rate may change weekly. Interest is paid monthly. |
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$5 |
None |
None |
Yes – at maturity |
Christmas Club
$25 to open. Withdrawals are subject to a fee. Interest will be credited at maturity. |
