Savings

Regular Savings

Description:

  • Interest bearing account.

Requirements:

  • $50 minimum opening deposit.

Benefits:

  • Interest is compounded daily.
  • Interest is credited quarterly.

Fees:

  • $2.00 charge if balance falls below $50.00 anytime during the month. $1.00 charge for ACH transactions over 3 per month.

Transaction Limitations:

  • Transfers from a Savings account to another account or to third parties by preauthorized, automatic, or telephone transfer or by check, draft, or similar order to third parties are limited to six per statement cycle.

Hifi

Description:

  • Minimum opening balance – $2,500.00
  • Interest accrues daily; credits monthly
  • Transfers from Hi-fi Savings to another account or to third parties by preauthorized, automatic, or telephone transfer, or by check, draft, or similar order to third parties are limited to six per statement cycle.

Christmas Club

Requirements:

  • No minimum opening deposit
  • No monthly fees
  • Interest accrues daily compounds monthly
  • Customer sets amount to be automatically transferred from checking in a weekly, bi-weekly, semi-monthly or monthly interval.
  • Checking Account required.
  • Account Balance is transferred back to the checking account in November.

Time Open Retirement Accounts

Description:

  • No Minimum opening balance.
  • Interest accrues daily compounds monthly.

Certificate of Deposit

Description:

  • Minimum opening balance of $1000.
  • Terms ranging from six months to five years.
  • Competitive interest rates.
  • Substantial penalty for early withdrawal.