Account Options
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| Minimum to Open | Number of Checks per Month | Service Charges | |
|---|---|---|---|
Checking Accounts |
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| Regular Checking (Individuals) | $50.00 | Unlimited | Daily Balance over $500: No Charge. If daily balance drops below $500: $6.00 per statement cycle |
| Business Checking | $50.00 | -- | $4.50 per statement cycle PLUS 12c per debit (Check, etc.) MINUS 15c per $100 balance credit |
| Bonus Banking - Checking | $50.00 | Unlimited | $6.00 per statement cycle AGE 62 or older: $2.00 per statement cycle |
| Note: Unlimited checking; one box of standard checks free annually; accidental death insurance; plus many more personal benefits. Ask for our brochure. | |||
| Student Checking | None | Unlimited | No Service Charge |
| Note: Proof of enrollment required. (Student ID, Letter of Acceptance, etc.) Service charges are determined by the lowest daily balance during statement cycle (monthly) |
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Interest Bearing Checking Accounts |
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| NOW Accounts | $1,500.00 | Unlimited | Daily Balance over $1000: No Charge. If daily balance drops below $1000: $6.00 per statement cycle |
| NOTE: If you close your account before the interest is credited, you may not receive the accrued interest. You must maintain a Minimum Daily Balance of $1500 to earn disclosed APY. Individuals, Sole Proprietorships, Non-Profit Organizations and Governmental Units ARE eligible for NOW accounts. Partnerships, Corporations, and Profit Making Associations ARE NOT eligible for NOW accounts. | |||
| Money Maker Accounts | $50.00 | See section below on "Limits on Transfers" | Daily Balance over $1,000: No Charge. If daily balance drops below $1,000: $2.00 per statement cycle |
| NOTE: Interest rate is higher if balance is greater than $25,000.00; Earn disclosed APY if minimum daily balance is $1,000.00 or greater. Service charges are determined by the lowest daily balance during statement cycle (monthly) Limits on Transfers Under applicable federal regulations, there are limits on the number of preauthorized, automatic, and telephone transfers we may process on certain interest bearing accounts. With the exception of loan payments to us, no more than six preauthorized, automatic, or telephone transfers may be made from your savings account or money maker account to another account at the Bank or to a third party in any calendar month. No more than six transfers may be made by check, draft, debit card, wire transfer, or similar order payable to a third party provided such transactions are allowed by us for the specific type of account you open. If you exceed these transfer limits, the excess transfer requests may be refused or reversed and the Bank may reclassify or close your account. |
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Savings Accounts |
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| Savings Account | $50.00 | -- | No Service Charge |
| NOTE: Six (6) withdrawals allowed per statement cycle; $1.00 fee per withdrawal after six (6); No electronic items (debits or credits); Interest computed daily and is paid monthly. | |||
| Christmas Club | None | -- | No Service Charge $5.00 charge if account is closed prematurely |
| NOTE: No withdrawals allowed; Interest computed daily and is paid annually; Check issued each November. | |||