No monthly fee when an average
daily ledger balance of
$100.00 is maintained.
If the average daily ledger balance is less
than $100.00, there will be a $3.00 service
charge per month.
A minimum opening deposit of $250.00 is
required.
The interest rate and annual percentage yield
(APY) may change.
At our discretion, we may change the interest
rate on your account monthly.
The
average daily available balance method is used
to calculate interest on our account.*
Interest
is compounded and credited to your account
semi-annually (calendar year).
Interest
begins to accrue on the day we receive credit
for the deposit of non-cash items (checks).
Accounts
closed within 90 days of the opening date will
be assessed a $25.00 closing fee and loss of
accrued interest will also result.
Christmas
Club
No minimum balance requirement and no opening
deposit requirement.
New accounts are opened beginning in January
of each year.
The interest rate and annual percentage yield
(APY) on your account may change.
At our discretion, we may change the interest
rate on your account monthly.
The average daily available balance method is
used to calculate interest on your account.*
Simple interest is paid on the average daily
available balance at maturity. (Second week in
November)
Checks for the balance of the account are
distributed at that time.
Interest begins to accrue on the day we
receive credit for the deposit of non-cash
items (checks).
Withdrawals prior to maturity will be assessed
a $5.00 per item fee and loss of accrued
interest results if the account is closed
prior to maturity.
Individual
Retirement Account
A minimum opening deposit of $100.00 is
required.
No minimum balance requirement other than the
minimum opening deposit requirement.
The interest rate and annual percentage yield
(APY) on your account may change.
At our discretion, we may change the interest
rate on your account monthly.
The average daily available balance method is
used to calculate interest on your account.*
Simple interest is credited to your account on
the last business day of each calendar year.
Interest begins to accrue on the day we
receive credit for the deposit of non-cash
items (checks).
*The
average daily available balance method
applies a periodic rate to the average
daily available balance in the account
for the period. The average daily
available balance is calculated by
adding the principal in the account for
each day of the period and dividing the
figure by the number of days in the
period.
No monthly fee when an average
daily ledger balance of
$100.00 is maintained.
If the average daily ledger balance is less
than $100.00, there will be a $3.00 service
charge per month.
A minimum opening deposit of $250.00 is
required.
The interest rate and annual percentage yield
(APY) may change.
At our discretion, we may change the interest
rate on your account monthly.
