Deposit Products

Checking

Free Checking

This checking account is a great checking account to have without the worry of having to hold a balance in your account.

  • No monthly service charge
  • No minimum balance required
  • FREE check blanks (limited to 4 styles)
  • FREE ATM/Debit card (for qualified accounts)
  • FREE online banking
  • FREE telephone transfers from account to account
  • FREE unlimited check writing
  • FREE check images with statements

NOW Account

This interest bearing account has all the benefits of a free checking account if a minimum balance is maintained.

  • $100 minimum balance (monthly service charge of $5.00 if account balance falls below $100)
  • Interest paid on all balances
  • Interest is calculated using daily balance and is paid monthly
  • FREE telephone transfers from account to account
  • FREE check blanks (limited to 4 styles)
  • FREE ATM/Debit card (for qualified accounts)
  • FREE Online banking
  • FREE Unlimited check writing
  • FREE check images with statements

Super NOW Account

This interest bearing account also has all the benefits of the FREE checking at a higher interest rate of interest than the NOW ACCOUNT but requires a higher minimum balance.  The interest rates increase in this account if your average balance is maintained above $10,000.

  • $1000 minimum balance (monthly service charge of $5.00 if account balance falls below $1,000)
  • Interest paid on all balances
  • Interest is calculated using daily balance and is paid monthly
  • FREE telephone transfers from account to account
  • FREE check blanks (limited to 4 styles)
  • FREE ATM/Debit card (for qualified accounts)
  • FREE Online banking
  • FREE Unlimited check writing
  • FREE check images with statements

Savings

Basic Savings

This savings account is our basic passbook savings.  You do not need a minimum balance to earn interest on this account.

  • FREE Online banking
  • FREE Quarterly Statements
  • NO minimum balance required
  • NO monthly service charge
  • FREE telephone transfers from account to account
  • Unlimited withdrawals in person
  • 6 withdrawals/transfers allowed per statement period to third parties
  • Interest calculated daily and credited to the account at statement cycle.

Money Market Savings

This savings account is the next step up from the basic savings account. This account has a higher interest rate of interest than the Basic Savings account but requires a minimum balance.  The interest rate increases if the average balance is above $10,000.

  • Minimum balance of $2500
  • FREE Online banking
  • FREE Monthly Statements
  • $5.00 Service charge if account balance falls below the minimum balance
  • Interest calculated daily and credited to the account at statement cycle.
  • 6 withdrawals/transfers allowed per statement period.

Youth Savings

This savings account is for children ages 18 and younger.  It is the same as our basic savings account with a PREMIUM interest rate.

  • FREE Online banking
  • FREE quarterly statements
  • NO minimum balance required
  • NO monthly service charge
  • Unlimited withdrawals in person
  • 6 withdrawals/transfers allowed per statement period to third parties
  • Interest calculated daily and credited to the account at statement cycle.

Christmas Club

This savings account is designed for regular deposits to help you save money for Christmas.  Account balances are disbursed annually.  This account has a premium interest rate over our Basic Savings account

  • FREE Online banking
  • FREE quarterly statements
  • NO minimum balance required
  • NO monthly service charge
  • Interest calculated daily and credited to the account at statement cycle.

Certificates of Deposit (CD’S)

We offer CD’s at various interest rates and terms to help you with your investment needs. Please contact us for current interest rates.

CD’s are fixed interest rate accounts.  The interest rate and annual percentage yield will not change for the term of the CD.

Interest is calculated using the daily balance method, which applies a daily periodic interest rate to the principal in the account on a daily basis.  Interest is credited to the CD on an annual basis.

$1000 minimum balance required.  Additional deposits are not permitted.

CD’s automatically renew.  You will have 10 calendar days after the maturity date to withdraw funds without penalty.

Penalities for early withdrawl.

Individual Retirement Accounts (IRA’s)

 IRA’s are accounts that allow individuals options on saving for retirement.    Anybody regardless of age can have either a Traditional or Roth IRA.

Traditional IRA’s

  • Contributions ARE tax deductible
  • Interest is tax deferred, meaning you don’t need to report it unless the funds are taken out prematurely.
  • Account holders cannot withdraw funds before age 59 ½ without a 10 % penalty.
  • Withdrawal amounts are subject to income tax, regardless of age.
  • Individuals with a Traditional IRA cannot make contributions over the age of 70 ½. 
  • Individuals with a Traditional IRA are required to take annual distributions upon reaching the age of 70 ½.  The required  minimum distribution depends on the account holder’s age.

ROTH IRA’s

  • Contributions to a Roth IRA are NOT tax deductible.
  • All interest earned on a Roth IRA are tax-deferred.
  • Account holders cannot withdraw funds before age 59 ½ without a 10% penalty fee.
  • After age 59 ½ account holders can take distributions tax and penalty free.
  • Individuals with a Roth IRA can continue to contribute to their IRA even after age 70 ½.
  • Individuals with a Roth IRA are NOT required to take minimum distributions at age 70 ½.