Deposits

Personal Checking

  • Initial deposit of $25.00 is required
  • No monthly service charge if account maintains an average balance greater than $100.00
  • $5.00 monthly charge if an account fails to maintain an average balance of $100.00
  • Monthly statement with check images
  • No charge for Cashier’s Checks
  • Account for those 65 years or older
    • No monthly service charge
    • No minimum balance required
    • One box of 150 free checks per year if an average balance of $100.00 is maintained

Business Checking

  • Initial deposit of $25.00 is required
  • No monthly service charge if account maintains an average balance greater than $100.00
  • $5.00 monthly charge if an account fails to maintain an average balance of $100.00
  • Monthly statement with check images
  • No charge for Cashier’s Checks

Money Market Deposit Account (MMDA)

  • $2,500 minimum opening deposit
  • If balance falls below $2,500.00, a $15.00 charge will be assessed
  • You are limited to no more than six (6) transfers and/or withdrawals from your account each 30 day cycle; $2.00 charge per 30 day cycle if you exceed six withdrawals and/or transfers
  • A $10.00 fee will be assessed if the account is closed within 3 months of opening
  • Pays Tiered Interest on Balances over $2,500.00
    • $2,500.00-$24,999.99
    • $25,000.00-$49,999.99
    • $50,000.00-$99,999.99
    • $100,000.00 or greater

Passbook Savings

  • Initial deposit of $25.00 is required
  • Interest is credited quarterly
  • $2.00 service charge for not maintaining a $25.00 average balance for the quarter
  • Six allowed withdrawals per quarter; $2.00 charge per quarter if over six withdrawals

Individual Retirement Accounts (IRAs)

  • Retirement accounts with terms from 6 months to 5 years
  • Minimum deposit of $1,000.00 to open
  • Distributions available when you reach 59 ½ years of age without a penalty
  • Contact us for current rates and additional information