Deposit Products

 

Traditional Checking

 

This account provides the traditional checking account features.  There are no monthly maintenance or transaction fees as long as the account meets the balance requirements. 

 

Limitations:  You must deposit $100.00 to open this account.

 

Account Fees: There are no monthly maintenance or transaction fees if the account maintains a $500.00 average daily ledger balance.  If the account balance falls below the balance requirements, the monthly maintenance fee is $3.00, and each check or other debit is $0.10 each.  If the account is overdrawn, interest will be assessed against the overdrawn balance at the rate of eighteen percent (18%) per year.

 

 

55 Plus

 

This account is for persons 55 years old or older, for personal accounts only.  The account provides the traditional checking account features.  There are no monthly maintenance or transaction fees and no minimum balance required. 

 

Limitations:  You must deposit $50.00 to open this account.

 

Account Fees:   If the account is overdrawn, interest will be assessed against the overdrawn balance at the rate of eighteen percent (18%) per year.

 

 

Student Account

 

This account is for students, for personal accounts only.  This account provides the traditional checking features.  There are no monthly maintenance or transaction fees and no minimum balances required. 

 

Limitations:  You must deposit $50.00 to open this account.

 

Account Fees:  If the account is overdrawn, interest will be assessed against the overdrawn balance at the rate of eighteen percent (18%) per year.

 

 

The Club Plus Checking (Best Deal)

 

This account, for personal accounts only, provides the traditional checking account features plus much more, unlimited checking, $20,000.00 accidental death insurance, savers club discount book, emergency cash service, credit card protection service, lost key return service, semi-annual newsletter, membership card, free special member personalized checks, free travelers checks, cashier’s checks and money orders, medical emergency data card, medical data source, home inventory log, safe deposit  box log, and travel advantage service. 

 

Limitations:  You must deposit $100.00 to open this account.

 

Account Fees:   There is a monthly maintenance fee of $6.00.  If the account is overdrawn, interest will be assessed against the overdrawn balance at the rate of eighteen percent (18%) per year.

 

 

The Club Checking (Better Than Free)

 

This account, for personal accounts only, provides the traditional checking account features, with unlimited checking, $5,000.00 accidental death insurance, savers club discount book, emergency cash service, credit card protection service, lost key return service, semi-annual newsletter, membership card, and your first order of special member personalized checks, all free when you keep a $100.00 minimum daily balance.

 

Limitations:  You must deposit $100.00 to open this account.

 

Account Fees:   There is a monthly maintenance fee of $9.00, should your balance drop below $100.00.  If the account is overdrawn, interest will be assessed against the overdrawn balance at the rate of eighteen percent (18%) per year.

 

 

Interest Checking

 

This account provides the traditional checking account features, along with competitive market interest rates. There are no monthly maintenance or transaction fees as long as the account meets the balance requirements.

 

Rate Information:  This Account is an interest bearing account.  The interest rate and annual percentage yield are included in the Rate Chart.  The interest rate and annual percentage yield may change.  At our discretion, we may change the interest rate on the account daily.  Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).  Interest will be compounded monthly and will be credited to the account monthly.  If the account is closed before interest is credited you will not receive the accrued interest.

 

Balance Information:  We use the daily balance method to calculate the interest on the account.  This method applies a daily periodic rate to the principal in the account each day.  We use the daily balance method.  Any day the account is below $500.00 for that day will receive no interest.  

 

Limitations:  You must deposit $500.00 to open this account.

 

Account Fees:   There are no monthly maintenance or transaction fees if the account maintains a $500.00 average daily ledger balance.  If the account falls below the balance requirements, the monthly maintenance fee is $5.00, and each check or other debit is $0.10 each.  If the account is overdrawn, interest will be assessed against the overdrawn balance at the rate of eighteen percent (18%) per year.

 

 

The Club Interest Checking

 

This account, for personal only, provides “The Club Plus” account features; unlimited checking, $20,000.00 accidental death insurance, savers club discount book, emergency cash service, credit card protection service, lost key return service, semi-annual newsletter, membership card, free special member personalized checks, free travelers checks, cashier’s checks and money orders, medical emergency data card, medical data source, home inventory log, safe deposit  box log, and travel advantage service.  Plus it earns the competitive market interest rates of our Interest Checking account. 

 

Rate Information:   This Account is an interest bearing account.  The interest rate and annual percentage yield are included in the Rate Chart.  The interest rate and annual percentage yield may change.  At our discretion, we may change the interest rate on the account daily.  Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).  Interest will be compounded monthly and will be credited to the account monthly.  If the account is closed before interest is credited you will not receive the accrued interest.

 

Balance Information:  We use the daily balance method to calculate the interest on the account.  This method applies a daily periodic rate to the principal in the account each day.  We use the daily balance method.  Any day the account is below $500.00 for that day will receive no interest.  

 

Limitations:   You must deposit $500.00 to open this account.

 

Account Fees:  There is a monthly maintenance fee of $7.50.  If the account is overdrawn, interest will be assessed against the overdrawn balance at the rate of eighteen percent (18%) per year.

 

 

Money Market Checking

 

This account provides the features of both an Interest Checking account and a Certificate of Deposit, by providing both check writing ability and higher interest rates.  There is no monthly maintenance fee as long as the account meets the balance requirements. 

 

Rate Information:   This Account is an interest bearing account.  The interest rate and annual percentage yield are included in the Rate Chart.  The interest rate and annual percentage yield may change.  At our discretion, we may change the interest rate on the account daily.  Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).  Interest will be compounded monthly and will be credited to the account monthly.  If the account is closed before interest is credited you will not receive the accrued interest.

 

Balance Information:  We use the daily balance method to calculate the interest on the account.  This method applies a daily periodic rate to the principal in the account each day.  We use the daily balance method.  Any day the account is below $1000.00 for that day will receive no interest.  

 

Limitations:   You must deposit $1,000.00 to open this account.  You may make six (6) transfers from your account each four (4) week or similar period, if by preauthorized or automatic transfer, or telephone (including data transmission) agreement, order or instruction.  Three (3) of these transfers may be made by check, draft, debit card or similar order (including POS transactions), made by the depositor and payable to third parties.

 

Account Fees:   There is no monthly maintenance fee if the account maintains a $1,000.00 minimum daily ledger balance.  If the account falls below the balance requirements, the monthly maintenance fee is $5.00, and each check or debit is $0.10 each.  Each additional transfer from your account over the six (6) allowed is $7.50 each.  If the account is overdrawn, interest will be assessed against the overdrawn balance at the rate of eighteen percent (18%) per year.

 

 

The Club Money Market Checking

 

This account, for personal accounts only, provides “The Club Plus” account features; unlimited checking, $20,000.00 accidental death insurance, savers club discount book, emergency cash service, credit card protection service, lost key return service, semi-annual newsletter, membership card, free special member personalized checks, free travelers checks, cashier’s checks and money orders, medical emergency data card, medical data source, home inventory log, safe deposit  box log, and travel advantage service.  Plus it earns the competitive market interest rates of our Money Market Checking account. 

 

Rate Information:   This Account is an interest bearing account.  The interest rate and annual percentage yield are included in the Rate Chart.  The interest rate and annual percentage yield may change.  At our discretion, we may change the interest rate on the account daily.  Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).  Interest will be compounded monthly and will be credited to the account monthly.  If the account is closed before interest is credited you will not receive the accrued interest.

 

Balance Information:  We use the daily balance method to calculate the interest on the account.  This method applies a daily periodic rate to the principal in the account each day.  We use the daily balance method.  Any day the account is below $1000.00 for that day will receive no interest.  

 

Limitations:  You must deposit $1,000.00 to open this account.  You may make six (6) transfers from your account each four (4) week or similar period, if by preauthorized or automatic transfer, or telephone (including data transmission) agreement, order or instruction.  Three (3) of these transfers may be made by check, draft, debit card or similar order (including POS transactions), made by the depositor and payable to third parties.

 

Account Fees:   There is a monthly maintenance fee of $7.50.  Additional insurance is available.  Ask a customer service representative for more information.  Each additional transfer from your account over the six (6) allowed is $7.50 each.  If the account is overdrawn, interest will be assessed against the overdrawn balance at the rate of eighteen percent (18%) per year.

 

 

Commercial Checking

 

This account is for business or organizations. 

 

Limitations:   You must deposit $100.00 to open this account.

 

Account Fees:  There is a $5.00 monthly maintenance fee, $0.10 per transaction fee, $0.05 per deposited item fee.  Earnings credit of $0.10 per $100.00 average balance for the statement cycle.  If the account is overdrawn, interest will be assessed against the overdrawn balance at the rate of eighteen percent (18%) per year.

 

 

Traditional Savings

 

This account provides the traditional savings account features.

 

Rate Information:   This Account is an interest bearing account.  The interest rate and annual percentage yield are included in the Rate Chart.  The interest rate and annual percentage yield will not change for at least thirty (30) calendar days.  We agree to give you thirty (30) days advance written notice prior to decreasing the rate.  Interest begins to accrue no later than the business day we receive credit of for the deposit of noncash items (for example, checks).  Interest will be compounded quarterly and will be credited to the account quarterly.  If the account is closed before interest is credited you will not receive the accrued interest.

 

Balance Information:   We use the daily balance method to calculate the interest on the account.  This method applies a daily periodic rate to the principal in the account each day.  Any day the account is below $100.00 balance there will be no interest.

 

Limitations:  You must deposit $100.00 to open this account.  You may make six (6) transfers from your account each quarter.

 

Account Fees:   There is no quarterly maintenance fee if the account maintains a $100.00 average quarterly ledger balance.  If the account falls below the balance requirements, the quarterly maintenance fee is $2.50.  Each additional transfer over the six (6) allowed is $1.00 each. 

 

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FDIC