Savings

REGULAR PASSBOOK SAVINGS  
Interest is compounded daily and paid to your account quarterly.  Withdrawals permitted anytime.  $10.00 minimum deposit required to open account with a $50.00 minimum balance to avoid monthly service charge.  Transfers from a Regular Savings account to another account or to third parties by preauthorized, automatic, or telephone transfer are limited to six per month.  Service charges and minimum balances do not apply to children’s accounts.

MONEY MARKET SAVINGS 
Interest bearing account paying a higher rate than passbook or now accounts.  No service charge when your account maintains a balance of $2,500 or more.  If the account falls below $2,500, there is a service charge of $7.50 plus 20¢ per withdrawals.  Interest will be paid on all account balances.  These figures will appear on your statements each month.  Transfers from this account to another account or to third parties by preauthorized, automatic, or telephone transfer are limited to six per statement cycle with no transfers by check, draft debit card or similar order to third parties.

PARK IT HERE ACCOUNT 
Works like a regular passbook savings.  Interest is compounded daily and paid to your account quarterly.  Withdrawals permitted anytime.  $25,000 minimum deposit required to open an account.  As long as the balance of $25,000 is maintained the account earns the “Park It Here Rate”.  Should the balance fall below the $25,000 minimum the account will earn the passbook rate for the entire quarter the balance was below $25,000.  Transfers from a Regular Savings account to another account or to third parties by preauthorized, automatic, or telephone transfer are limited to six per month.