Accounts — Savings

The Right Savings Account For You

We offer four savings account options. Find out which is best for you and apply online.

Regular Savings
Telephone Transfer Savings
Business Savings
Money Market
Medical Savings

Regular Savings Features and benefits of a Regular Savings Account:
•	No minimum balance required
•	$1.13 service charge per withdrawal over six per month, not including ATM withdrawals
•	Simple interest paid quarterly on collected balance
•	No more than six pre-authorized or telephone transfers per month
•	Quarterly statements
•	Dormant account fee (3 years of no activity) of $2.34 per month

Telephone Transfer Savings Features and benefits of a Telephone Transfer Savings Account:
•	No minimum balance required
•	No service charge
•	Simple interest paid quarterly on collected balance
•	Unlimited pre-authorized and telephone transfers
•	Interest paid at .25% below regular savings
•	Simple interest paid quarterly on collected balance
•	Quarterly statements
•	Dormant account fee (3 years of no activity) of $2.34 per month

Business Savings Features and benefits of a Business Savings Account:
•	$300 minimum balance
•	$2.34 monthly fee if balance falls below minimum
•	Simple interest paid quarterly on collected balance
•	$1.13 service charge per withdrawal over six per month, not including ATM withdrawals.
•	Unlimited deposits
•	Unlimited withdrawals by teller and mail (Federal Regulations allow no more than six pre-authorized or telephone transfers per month.)
•	Quarterly statements
•	Dormant account fee (3 years of no activity) of $2.34 per month

Money Market
Features and benefits of a Money Market Checking Account:

• $25.00 initial deposit required to open
• $2,500 minimum balance
• If your balance falls below $2,500 at anytime during the statement cycle, we will assess a maintenance charge of $11.70. In addition there will be a $.25 charge per ACH debit posted to your account during that statement cycle.
• Unlimited in-house transfers
• Interest calculated on collected balance and based on balance tier.
• Simple interest paid monthly.
  ( Rates may change at any time)
• Federal regulations mandate that you may make no more than six (6) pre-authorized withdrawals from your account per month or statement cycle, no more than 3 of which may be by check, draft, or other order payable to third parties.
• Imaged statements and 3-ring binder to store them
• Direct Deposit
• Free ATM/Debit Card (on approval).
• Free Internet Banking

Contact a bank employee for further information about applicable fees and terms.

Back to Top

Medical Savings
A product designed to help you finance eligible medical, dental, vision and long-term care expenses can reduce your taxable income by up to $3,000 per year. Eligible medical expenses range from the deductible on your health care insurance policy to the premiums on long-term care insurance.

You will be responsible for maintaining records to document eligibility of payments. There is no limitation on the amount deposited to the account. Interest earned on those funds remains tax-free while in the account. Quarterly statements. Interest paid at .25% below regular savings.
Back to Top