Choose a deposit account that serves your specific financial needs.
Senior Citizens Checking:
The Senior Citizens Checking Account is an unlimited transaction account with bank charges based upon check writing activity. Requires direct deposit of Social Security Check or other retirement benefit check during the statement cycle and account owner age 62 and over. Minimum initial deposit of $100. No monthly statement fee. No minimum balance requirement. Optional image and/or combined statements. Initial order of 150 duplicate or 200 regular checks are free.
Regular Checking:
The Regular Checking Account is an unlimited transaction account with bank charges based upon account balances and check writing activity. Monthly statement fee waived with direct deposit of payroll or other benefit during each statement cycle. Minimum initial deposit of $100.
NOW Account:
The NOW Account is an interest bearing checking account. The interest earned depends on the balance maintained in the account and the monthly APY. NOW Account ownership is limited based upon restrictions of Regulation D. Service charges are based upon account balances and check writing activity. Minimum initial deposit of $1,000. Interest accrues daily on collected balance and is deposited monthly. Interest rate is subject to change daily. Optional image and/or combined statements. Initial order of 150 duplicate or 200 regular checks are free.
Regular Savings:
The Regular Savings Account is an interest bearing, non-transaction, deposit account. Interest earned depends upon the balance maintained in the account and the APY interest rate. Minimum initial deposit is $100.00. Interest rate is subject to change daily. Semi-annual statement and interest paid. Service charges are posted to the account monthly. Optional ATM/VISA Check Card. Optional image and/or combined statements.
Money Market Deposit Account:
The Money Market Deposit Account is a limited transaction, interest bearing savings account, based on tiered balance. Transaction activity is subject to the limitations of Regulation D. Interest earned depends on the balance maintained in the account and the APY interest rate. Minimum initial deposit is $1,000. Interest calculated on daily collected balance and deposited to the account monthly. Interest rate is subject to change daily. Optional image and/or combined statements. Optional ATM/VISA Check Card.
Individual Retirement Account (IRA):
Individual Retirement Accounts are interest bearing deposit accounts for retirement purposes. Interest earned depends on the balance maintained in the account and the type of account chosen. Interest is compounded semi-annually. Federal regulations require penalty for early withdrawal. For annual deposit limitations and tax deductibility, see your tax advisor.
Certificate of Deposit Accounts:
Certificate of Deposit Accounts (CDs) are fixed rate, fixed term, interest bearing time deposit accounts. Interest earned depends upon balance maintained in the account and the APY interest rate. Substantial penalty for early withdrawal. Minimum deposit on all CD terms is $1,000. See deposit rate sheet for terms and rates available.
Club Accounts:
The bank offers Vacation, Christmas, and College Club accounts. Vacation and Christmas accounts are non-interest bearing savings accounts, however, bank pays final club payment providing all previous weekly payments have been made. Vacation Club Accounts are paid in the middle of May, and the Christmas Club Accounts are paid at the end of October.
College Club Accounts are interest bearing Savings Accounts that capitalize interest the first of August of each year. Interest earned depends on balance maintained in the account and the monthly APY interest rate. Interest rate is subject to change daily.
Please review our account disclosures for more details regarding the above deposit accounts. Contact the Mt. Papins location for more details on the above accounts or to determine which account would best serve your specific financial needs.