Interest Bearing Accounts

IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institution to obtain, verify, and record information that identifies each person who opens an account.

What this means for you: When you come to the bank to open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We will also ask to see your driver’s license or other identifying documents.


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Savings Account

  • Minimum to open: $300.00
  • Quarterly minimum balance fee:
    • Minimum balance $300.00 and over: No fee
    • Minimum balance under $300.00: $7.50 per quarter
  • No withdrawal limits
  • Free 24/7 telephone banking
  • Interest computation: Interest is credited to the account quarterly. The interest rate is variable and subject to change without notice. We use the daily balance method to calculate interest. Interest begins to accrue on the business day you deposit cash or non-cash items (checks, for example).

Minors Savings Account (under age 21) (UTMA)

  • Minimum to open: $25.00
  • Minimum balance fee: No Fee
  • No withdrawal limits
  • Free 24/7 telephone banking
  • Interest computation: Interest is credited to the account quarterly. The interest rate is variable and subject to change without notice. We use the daily balance method to calculate interest. Interest begins to accrue on the business day you deposit cash or non-cash items (checks, for example).

NOW Personal

  • Minimum to open: $1,500.00
  • Monthly balance fee:
    • Minimum balance $1,500.00 and over:   No Fee
    • Minimum balance under $1,500.00:  $10.00 (Also no daily interest accrued)
  • No withdrawal limits
  • Free 24/7 telephone banking
  • Unlimited check writing
  • Free online banking & mobile deposit
  • Interest computation: Interest is credited to the account quarterly. The interest rate is variable and subject to change without notice. We use the daily balance method to calculate interest. Interest begins to accrue on the business day you deposit cash or non-cash items (checks, for example).

Money Market Personal

  • Minimum to open: $2,500.00
  • Tiered rate account
  • Minimum balance fee:
    • Minimum balance $2,500.00 and over: No fee
    • Minimum balance under $2,500.00: $10.00 (Also no daily interest accrued)
  • Free online banking & mobile banking
  • No withdrawal limits
  • Free 24/7 telephone banking
  • Interest computation: Interest is credited to the account quarterly. The interest rate is variable and subject to change without notice. We use the daily balance method to calculate interest. Interest begins to accrue on the business day you deposit cash or non-cash items (checks, for example).

Maximizer Checking Plus

This is a relationship account which requires a Maximizer Money Market Premium Account.

  • Minimum to open: $1,500.00
  • Tiered rate account
  • Two orders of personalized checks per year
  • Unlimited check writing
  • Unlimited transactions
  • Free online banking & mobile deposit
  • Depositor must maintain a $4,000.00 combined minimum balance between the Maximizer Checking Plus and the Maximizer Money Market Premium to avoid service charge

Fees:
If the combined balance drops below $4,000.00,  a monthly fee of $25.00 will be charged to the Maximizer Checking Plus account.  

Restrictions:
No daily interest accrual on balances less than $1,500.00. Restricted to individuals and non-profits only. No business accounts (including DBAs, partnerships, LLCs & corporations)


Maximizer Money Market Premium

This is a relationship account which requires a Maximizer Checking Plus Account.

  • Minimum to open: $2,500.00
  • Tiered rate account
  • No withdrawal limits
  • Depositor must maintain a $4,000.00 combined minimum balance between the Maximizer Checking Plus and the Maximizer Money Market Premium to avoid service charge.    

Fees:
If the combined balance drops below $4,000.00 a monthly fee of $25.00 will be charged to the Maximizer Checking Plus account.

Restrictions:
No daily interest accrual on balances less than $2,500.00. Restricted to individuals and non-profits only. No business accounts (including DBAs, partnerships, LLCs & corporations)