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Savings Accounts

 

Savings Accounts

Account Name	Eligibility	Minimum Opening Deposit	Interest	Click for more information
Business Savings	Business	$1,000.00	Compounded Daily and Credited Monthly	Terms
Personal Savings	Personal	$1,000.00	Compounded Daily and Credited Monthly	Terms
Flex Savings	Personal, Business, Sole Proprietor, Non-Profit Organization	$5,000.00	Tiered	Terms
Certificate of Deposit	Personal, Business, Sole Proprietor, Non-Profit Organization, IRA Retirement Account	$5,000.00	Fixed Rate for Fixed Terms of 1 to 60 months	Terms

 

Terms

Business Savings

If the average daily balance falls below $1,000, the account is subject to a $10 service charge. There is an excessive withdrawal fee of $10 for each item in excess of the limitation.

Personal Savings

If the average daily balance falls below $500, the account is subject to a $10 service charge. There is an excessive withdrawal fee of $10 for each transaction in excess of the limitation.

Flex Savings

If the average daily balance falls below $500, the account is subject to a $10 service charge. There is an excessive withdrawal fee of $10 for each transaction in excess of the limitation.

Certificate of Deposit

A penalty may be imposed for early withdrawal.

• 1-12 month term = 1 month simple interest
• Over 12 month term = 3 months simple interest