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. With the exception of loan payments to us or transfers made by mail, ATM or in person to same depositor,  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. 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.

 

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.