Saving Account Types

Click on the account button you're interested in to be taken directly to that accounts information.

 

 

Passbook Savings Accounts

Rate Information Your interest rate and annual percentage yield may change.
Frequency of Rate Changes We may change the interest rate on your account at any time.
Determination of Rate At our discretion, we may change the interest rate on your account. Check the Rates page for our current rates.
Compounding and Crediting Frequency Interest will be compounded every quarter. Interest will be credited to your account every quarter.
Minimum Balance to Open the Account You must deposit $50.00 to open this account.
Daily Balance Computation Method We use the daily balance method to calculate the interest on your account. The daily balance method is defined as the application of a daily periodic rate to the full amount of principal in the account each day. The period we use is the quarter.
Accrual of Interest Interest begins to accrue on the first business day after the banking day of your deposit.

 

 

Christmas Clubs

Rate Information Your interest rate and annual percentage yield may change.
Frequency of Rate Changes We may change the interest rate on your account at any time.
Determination of Rate At our discretion, we may change the interest rate on your account. Check the Rates page for our current rates.
Compounding and Crediting Frequency Interest will not be compounded.
Minimum Balance to Open the Account You must deposit $1.00 to open this account.
Daily Balance Computation Method We use the daily balance method to calculate the interest on your account. The daily balance method is defined as the application of a daily periodic rate to the full amount of principal in the account each day. The period we use is the quarter.
Accrual of Interest Interest begins to accrue on the first business day after the banking day of your deposit.
Deposit Limitations There are no limitations on the frequency or timing of deposits.
Early Withdrawal Penalties A penalty may be imposed for withdrawals before maturity. The fee we may impose will equal $5.00. In certain circumstances, such as death or incompetence of an owner of this account, the law permits (or in some cases requires) the waiver of the early withdrawal penalty.

 

Money market Accounts

Rate Information Your interest rate and annual percentage yield may change.
Frequency of Rate Changes We may change the interest rate on your account at any time.
Determination of Rate At our discretion, we may change the interest rate on your account. Check the Rates page for our current rates.
Compounding and Crediting Frequency Interest will be compounded every month. Interest will be credited to your account every month.
Minimum Balance to Open the Account You must deposit $100.00 to open this account.
Minimum Balance to Avoid Imposition of Fees A service charge fee of $6.00 will be imposed every monthly statement cycle if the balance in the account falls below $1,000.00 any day of the monthly statement cycle.
Daily Balance Computation Method We use the daily balance method to calculate the interest on your account. The daily balance method is defined as the application of a daily periodic rate to the full amount of principal in the account each day. The period we use is the quarter.
Accrual of Interest Interest begins to accrue on the first business day after the banking day of your deposit.
Transactions Limitations Transfers from Money Market accounts to other accounts or to third parties by preauthorized, automatic, or telephone transfers are limited to six per month with no more than three by check, draft, or similar order to third parties.
Fees A per check fee of $5.00 will be charged for each check written or for each telephone transfer in excess of three during a statement cycle.

 

Certificates of Deposit

Minimum balance to open the account You must deposit $1000.00 to open this account.
Daily balance computation method We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Accrual of Interest Interest begins to accrue on the first business day after the banking day of your deposit.
Transaction Limitations
  • You may not make any deposits into your account before maturity.
  • You may withdraw principal before maturity; however all principal and interest must be withdrawn at that time, and a penalty may be applied.
  • You can only withdraw interest credited in the term before maturity of that term without penalty. You can withdraw interest any time during the term of crediting after it is credited to your account.
Early Withdrawal Penalties A penalty may be imposed for withdrawals before maturity.
  • If your account has an origial maturity of 31 days or less, the penalty we may impose will equal 7 days interest, if the withdrawal is made within the first 6 days after the deposit, all interest on the amount withdrawn subject to penalty.
  • If your account has an original maturity of 32 days up to and including 1 year, the fee we may impose will equal 1 months interest.
  • If your account has an original maturity of more than 1 year, the fee we may impose will equal 90 days interest.
  • There are certain circumstances, such as death or incompetence of an owner, where we may waive or reduce this penalty. See your plan disclosure if this account is part of an IRA or other tax qualified plan.
Automatically Renewable Time Account This account will automatically renew at maturity. You may prevent renewal if you withdraw funds in the account at maturity (or within the grace period) or we receive written notice from you within the grace period. If you prevent renewal, interest will not accrue after final maturity.
Each renewal term will be the same as the original term, beginning on the maturity date. The interest rate will be the same we offer on new time deposits on the maturity date which have the same term, minimum balance (if any) and other features as the original time deposit.
You will have ten calendar days after maturity to withdraw the funds without a penalty.

 

Traditional IRA/Roth/SEP Passbook Accounts

Rate Information Your interest rate and annual percentage yield may change.
Frequency of Rate Changes We may change the interest rate on your account every month.
Determination of Rate At our discretion, we may change the interest rate on your account. Check the Rates page for our current rates.
Compounding and Crediting Frequency Interest will be compounded every day. Interest will be credited to your account every year.
Minimum Balance to Open the Account You must deposit $50.00 to open this account.
Daily Balance Computation Method We use the daily balance method to calculate the interest on your account. The daily balance method is defined as the application of a daily periodic rate to the full amount of principal in the account each day. The period we use is the quarter.
Accrual of Interest Interest begins to accrue on the first business day after the banking day of your deposit.
Fees A closing fee of $25.00 will be charged if you close your account and move to another financial institution.

 

Traditional IRA/Roth/SEP Certificates of Deposit

Minimum Balance to Open the Account You must deposit $1000.00 to open this account.
Accrual of Interest Interest begins to accrue on the first business day after the banking day of your deposit.
Daily Balance Computation Method We use the daily balance method to calculate the interest on your account. The daily balance method is defined as the application of a daily periodic rate to the full amount of principal in the account each day. The period we use is the quarter.
Transaction Limitations
  • You may not make any deposits into your account before maturity.
  • You may withdraw principal before maturity; however all principal and interest must be withdrawn at that time, and a penalty may be applied.
  • You can only withdraw interest credited in the term before maturity of that term without penalty. You can withdraw interest any time during the term of crediting after it is credited to your account.
Early Withdrawal Penalties A penalty may be imposed for withdrawals before maturity.
  • If your account has an origial maturity of 31 days or less, the penalty we may impose will equal 7 days interest, if the withdrawal is made within the first 6 days after the deposit, all interest on the amount withdrawn subject to penalty.
  • If your account has an original maturity of 32 days up to and including 1 year, the fee we may impose will equal 1 months interest.
  • If your account has an original maturity of more than 1 year, the fee we may impose will equal 90 days interest.
  • There are certain circumstances, such as death or incompetence of an owner, where we may waive or reduce this penalty. See your plan disclosure if this account is part of an IRA or other tax qualified plan.
Automatically renewable time account This account will automatically renew at maturity. You may prevent renewal if you withdraw funds in the account at maturity (or within the grace period) or we receive written notice from you within the grace period. If you prevent renewal, interest will not accrue after final maturity.
Each renewal term will be the same as the original term, beginning on the maturity date. The interest rate will be the same we offer on new time deposits on the maturity date which have the same term, minimum balance (if any) and other features as the original time deposit.
You will have ten calendar days after maturity to withdraw the funds without a penalty.

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