Savings Accounts

Want to make your money earn more, then consider a Certificate of Deposit (CD) or an Individual Retirement Account (IRA). We offer both types of accounts with competitive rates.

Compare Our Accounts

Account Type	Regular Savings¹	Money Market Savings²
Minimum Balance To Open	$200.00	$2,500.00
Daily Balance To Avoid Service Charge	$200.00	$2,500.00
Monthly Maintenance Fee	$5.00 (If balance falls below $200.00)	$20.00 (If balance falls below $2,500.00)
Interest	See Rate Sheet (Must maintain $200.00 balance)	See Rate Sheet $2,500.00 - $9,999.00 (First Tier) $10,000.00 - $24,999.00 (Second Tier) $25,000.00 & Up (Third Tier) Interest will not be paid if balance falls below $2,500.00
Monthly Transactions Allowed	3 Free Withdrawals ($3.00 for each additional withdrawal)	3 Free Withdrawals ($3.00 for each additional withdrawal)
Additional Details	Statement period - quarterly	Bank reserves the right to require seven (7) days’ notice on withdrawals. Statement period - monthly

1. To obtain APY requires a $200.00 minimum balance
Interest computation method - daily balance*
Interest will be compounded - quarterly. Interest will be credited - quarterly. Interest will be accrued - daily. On non-cash items, interest will begin to accrue on the next business day. If you close your account before interest is credited, you will receive the accrued interest. Your interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on your account at any time.

2. Interest computation method - daily balance*
Interest will be compounded - monthly. Interest will be credited - monthly. Interest will be accrued - daily. On non-cash items, interest will begin to accrue on the next business day. If you close your account before interest is credited, you will receive the accrued interest. Your interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on your account at any time.

*The Daily Balance is determined by the application of a daily periodic rate to the full amount of principal in the account each day.

Certificates of Deposit

Interest will be credited to your account or paid to you monthly, quarterly, semi-annually, at maturity or as agreed upon.
The annual percentage yield (APY) assumes that interest remains on deposit until maturity. A withdrawal will reduce earnings.
You can withdraw interest credited in the term before maturity of that term without penalty. You can withdraw interest anytime during the term after it is credited to your account.
Interest begins to accrue on the business day you deposit any non-cash item (for example, checks).

Penalty for Early Withdrawal

Maturity of 3 months or up to one year: an amount at least equal to one month of interest earned or that could have been earned.
Maturity of more than one year: an amount at least equal to three months of interest earned or that could have been earned.

Renewal Policy

Your certificate will AUTOMATICALLY RENEW. You will have a grace period of 10 days from maturity date to present this certificate for payment without penalty. IT WILL BE RENEWED AT THE RATE IN EFFECT AT THIS INSTITUTION ON THE DATE OF MATURITY.

Individual Retirement Account

We offer both Traditional and Roth IRA's. Consider the following to determine which is right for you.

Traditional IRA

The traditional IRA allows you to defer taxes on the earnings on your contributions until they are withdrawn. Also, certain contributions are tax deductible in the tax year for which you make them.

Roth IRA

The Roth IRA allows only nondeductible contributions and features tax-free withdrawals for certain distribution reasons after a five-year holding period. Since Roth IRA contributions are nondeductible and taxed in the year they are earned, if you expect to be in a higher tax bracket when you retire, you may benefit more from a Roth IRA than from a traditional IRA.