Savings

SAVINGS ACCOUNTS

Special Savings or Lil Pardner (UTMA) - $25.00 deposit to open account

Special Savings Accounts are available to senior citizens (50 & over) and minors under 18. Lil Pardner Accounts are available to minors 11 years of age and under

Account Fees:

  • Special Savings Only: Excessive withdrawal fee of $1.00 per withdrawal /ATM /ACH/EFT over 3 per month.   

Rate Information:

  • This account is an interest-bearing account.
  • The interest rate and annual percentage yield are available on request.
  • At our discretion, we may change the interest on the accounts daily.
  • Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks).
  • Interest will be compounded quarterly.
  • We use the daily balance method to calculate the interest on an account.
  • This method applies a daily periodic rate to the principal in the account each day.
  • If the account is closed before interest is credited, you will not receive the accrued interest.

Regulatory Limitations:

  • You may make six (6) transfers from this account each four (4) week, or similar, period by preauthorized or automatic transfer, telephone (including data transmission) agreement order or instruction. Six (6) of these transfers may be made by check, draft, debit card or similar order (including POS transactions), made by the depositor and payable to third parties.
  • Transfers and withdrawals made in person, by messenger, by mail or at an ATM are unlimited.
Regular Savings- $50.00 deposit to open account

Account Fees:

  • $50.00 deposit to open account
  • Minimum Balance $100
  • If the balance falls below $100.00, a maintenance fee of $1.00 will apply.
  • Excessive withdrawal fee of $1.00 per withdrawal /ATM/ACH/EFT over 3 per month.

Rate Information:

  • This account is an interest-bearing account.
  • The interest rate and annual percentage yield are available on request.
  • At our discretion, we may change the interest on the accounts daily.
  • Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks).
  • Interest will be compounded quarterly.
  • We use the daily balance method to calculate the interest on an account.
  • This method applies a daily periodic rate to the principal in the account each day.
  • If the account is closed before interest is credited, you will not receive the accrued interest.

Regulatory Limitations:

  • You may make six (6) transfers from this account each four (4) week, or similar, period by preauthorized or automatic transfer, telephone (including data transmission) agreement order or instruction. Six (6) of these transfers may be made by check, draft, debit card or similar order (including POS transactions), made by the depositor and payable to third parties.
  • Transfers and withdrawals made in person, by messenger, by mail or at an ATM are unlimited.