Savings Accounts

Regular Savings Account

Minimum balance to open is $100.00. Interest is accrued daily and compounded quarterly and paid regardless of balance. If the balance stays above $100.00 there is no service charge, if it falls below $100.00 there is a $3.00 service charge per quarter. You are allowed five (5) withdrawals per quarter at no charge but after five (5) there is a $1.00 charge per withdrawal. With the exception of loan payments to us, you may not make more than six (6) preauthorized, automatic, or telephone transfers (including telephone banking and bill pay, internet banking and bill pay, and PC banking payments and transfers) each month. Of these six (6) allowable transfers, no more than three (3) may be made by check, draft, debit card or similar order made by the depositor and payable to a third party (provided such transactions are allowed by us for your particular type of account). Contact a Customer Service Representative for interest rates.

Christmas Clubs and Vacation Clubs

Minimum balance to open is $5.00. Interest calculated based on the daily balance computation method and credited to the account at maturity. Available through coupon book payment or auto debit from your checking account. Accounts closed before completion will be assessed a $5.00 fee and the interest will be forfeited.

Redemption and Purchase of US Savings Bonds

Available in a wide variety of denominations, the value increases as interest is added to the principal. The principal and interest is paid in lump sum when the bond is redeemed. The bonds are purchased at one-half the face value. Variable interest rates are announced each May 1 and November 1. Provides tax free funds to be used for college education.