Savings

Military Savings Accounts

Military Savings Account

Need a basic savings account? This one is for you…..

Account Limitations:

  • You must deposit $25.00 to open this account.
  • 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.

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).
  • 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.
Military Custodial Savings Account

This is the one when you need a savings account for your children.

Account Limitations:

  • You must deposit $25.00 to open this account.
  • 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.

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).
  • 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.
Military Christmas Club Savings Account

Open up your Christmas Savings and start saving today! A great way to enforce discipline and be ready for Christmas!

Account Limitations:

  • You must deposit $5.00 to open this account.
  • You may make an unlimited number of deposits into your account.
  • The Christmas Club Account is designed as a Deposit Only Account. A check is issued annually on October 31 to reflect deposits and interest for the previous 12 months, or you can set up the money to be deposited into an account at Exchange Bank on October 31.

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 this account.
  • Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks).
  • 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.