Personal Products & Services
Savings Instruments
You know the value of saving money. Whether your need is for short-term goals, your children's education or your own retirement, we offer many different methods to help you meet your savings goals. Open any of the accounts below and use an automatic transfer to make it grow worry-free!
Regular Savings
- Minimum deposit required
- No service charge if daily collected balance stays above $100
- Six free withdrawals per quarter
- Small per item fee for withdrawals over six
- Minimum balance requirements are reduced for minors under 18 and seniors 62 and over
Christmas Club
Be ready for all your Christmas time expenses by saving throughout the year in an account made just for Christmas. Your savings will be made available to you just in time for shopping at the holidays.
- Minimum balance to open - $5
- No withdrawals allowed - penalty assessed for early withdrawal
- Balance plus interest paid on Nov 15 (or closest business day)
Investment Plus Checking
When you want a savings account with the convenience of writing checks, Investment Plus Checking is just the ticket.
- Minimum balance to open - $1000
- No monthly service charge with daily collected balance above $1,000
- A monthly service charge with daily collected balance below $1000
- Withdrawals: Six (6) total withdrawals, three (3) of which may be by check or third-party withdrawal.
- A fee applies for each debit in excess of three per statement cycle.
- Competitive Rates
- Free Internet Banking
Premier Money Market Account
To maximize your investment return with limited check-writing allowance, a Money Market Account should be your choice.
- Minimum balance to open - $10,000
- Minimum balance required – Please see your Customer Service Representative.
- Withdrawals: Six (6) total withdrawals, three (3) of which may be by check or third-party withdrawal.
- A fee applies for each debit in excess of three per statement cycle.
- Interest is compounded monthly on daily collected balance, and credited monthly
- 10 free deposits, a small fee for deposits over 10
- 50 free deposited items, a small fee for items over 50
- Free Internet Banking
Certificates of Deposit
We offer several different terms with low minimums to open, to fit any saver's needs. Certificates are a great way to invest a cash windfall or save for a down payment on a home. Please call for our current rates.
- Interest may be credited quarterly or at maturity.
- Certificates are automatically renewable under the current terms and rates. Renewal or maturity notices are sent prior to the maturity date.
- The Annual Percentage Yield assumes principal and interest remain on deposit for the term of the certificate.
- Interest penalties apply for early withdrawals.
Individual Retirement Accounts (IRA)
Because of the valuable tax advantages, an Individual Retirement Account is one of the smartest ways to save for retirement. We offer both Traditional and Roth IRAs to ensure you a comfortable, secure life when you retire.
Traditional IRA's offer:
- Tax benefits may apply
- Your contributions and earnings aren't taxed until you withdraw them at retirement.
- Consult your tax advisor for details
- Extremely flexible, you choose your investment term.
Roth IRA's allow:
- Assets to grow tax-free, meaning you'll never have to pay federal income tax on your earnings, provided certain requirements are met.
- Depending on your situation, tax-free growth can result in more savings available for you in retirement than a comparable investment in a traditional IRA
- Your contributions are limited by adjusted gross income and certain IRS requirements
- Additionally, individuals who attain age 50 or older may be eligible to contribute an additional amount to a Traditional and/or Roth IRA as a catch-up contribution.
Coverdell Education Savings Accounts
- A Coverdell ESA (Education Savings Account) can be used to save for education expenses for any child.
- Contributions to a Coverdell ESA are not deductible, but amounts deposited in the account grow tax free until distributed.
- If the eligible expenses are equal to or exceed the distribution no tax is owed. Eligible expenses include public, private and religious elementary and secondary school tuition, and most expenses related to higher education.
- The funds must be designated for a particular child and the account must be opened before the child turns 18 and the funds must be used before age 30.
- If the designated child does not use any or all of the funds, the funds can be transferred to the benefit of another child in the beneficiary's family as long as that person is under age 30.
- Contact us and ask to speak to a savings specialist for more details.
