NOW Account
Interest bearing account with a monthly statement. You must be eligible. There is a service charge of $10 per monthly statement should you fall below the $1,000 average daily balance requirement. Minimum deposit of$1,000 to open.
Regular Passbook Savings
A $5 deposit is required to open this account and the minimum withdrawal is $5. Interest earned is credited quarterly. If balance falls below $25and account has no activity for 18months, there is a service charge of $2 per month. You are limited to six withdrawals per month, with a $5 charge per withdrawal in excess.
Money Market Savings
Interest earned is credited monthly. There will be a $10 service charge if you fall below the $2,500 average daily balance per monthly statement. A maximum of six withdrawals per month is allowed with a $5 charge per withdrawal in excess. Minimum deposit of$2,500 to open.
Certificates of Deposit (C.D)
We offer a wide selection of C.D.’s with terms ranging from 91 days to 36 months.The rates vary depending on the term selected. Inquire by phone or in person for current rates. There is a penalty for early withdrawal.
Retirement Accounts
We offer the following retirement accounts with competitive interest rates: IRA, Roth IRA, Qualified Plans, and SEP. The interest rates are variable. There is a $25 Annual Fee for retirement accounts and a termination fee of $40. Minimum deposit of $25 to open.
