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Savings Account
- $200 deposit required to open account if account holder is 18 years of age or older
- Transfers to another account or to third parties by preauthorized, automatic, or telephone are limited to 6 per month
- After a total of 3 debits in a month, there is a per debit fee of $1.00 per debit.
- If the balance falls below $100, there is a maintenance fee of $3.00 (excluding account holders under the age of 18)
- Interest is paid quarterly
- Statements produced quarterly unless the account has electronic transfers, then the statement is monthly.
- Interest is not paid on the days the balance is below $10.00
Certificate of Deposit
- Interest bearing with set maturity
- Must have a set maturity of at least 7 days after the day of deposit
- If funds are withdrawn prior to maturity, the deposit will be subject to early withdrawal penalties
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