Savings

Basic Savings

• Interest is paid to account on the last day of February and August each year (compounded semi-annually)
• No minimum balance or service fee for children, students up to age 23 or those age 62 or better 
• Service fee of $1 monthly is waived if daily balance of $100 is maintained 
• Interest rates subject to change daily

Premium Savings    

• Offers higher interest rate than Basic Savings 
• Minimum balance of $200.00 required to open account
• Additional deposits allowed at any time, in any amount 
• No minimum required for additional deposits 
• Interest rate is 90% of current 6-month Certificate of Deposit rate, subject to change daily 
• Term is from account opening date to July 1 or Jan. 1
• Account automatically renews for 6-month periods
• Withdrawals without penalty are allowed during the first 10 days of January and July
• Penalty for early withdrawal

Christmas Club Savings

• Minimum balance to open: $5.00
• Check is issued in October each year for account balance and interest earned

Click here for current rates

 

 Online Calculators