DEPOSIT PRODUCTS
REGULAR CHECKING
A personal or business checking account accessed by check or ATM card.
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Product Features
- Available for any personal or business
purpose.
- $100 and under; $5 per month service fee
and $.15 per check.
- $100.01 - $500.00; $3 per month service
fee and $.15 per check.
- $500.01 and up; No service charge; $.15
per check.
- $.10 credit per $100.00 collected balance.
- Descriptive monthly statements with check
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NOW CHECKING
A checking account
that earns interest.
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Product Features
- Available to personal, non-profit
organization, estate accounts,
trustee accounts and sole proprietorship accounts.
- Corporations, partnerships or associations
operated for profit are NOT eligible.
- Account earns interest on collected
balances over $500.01.
- Interest tiering rewards for higher
balances.
- Service fees tiered:
- $500 and under; $5.00 per month service
fee; $.15 per check
- $500.01 - $1000.00; $4.00 per month
service fee; $.15 per check
- $1000.01 - $1500.00; $3.00 per month
service fee; $.15 per check
- $1500.01 - $5000.00; No monthly service charge;
$.15 per check after 20.
- $5000.01 - $10,000.00; No monthly service
charge; $.15 per check after 35.
- $10,000.01 and up or affiliated savings
or CD over $10,000; No service or per check charge.
- Descriptive monthly statement with check
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ECONOMIZER CHECKING
A checking account
with no minimum balance requirements and receive a quarterly statement.
Product
Features
- Personal, trustee and nonprofit
accounts available; no age restrictions.
- No required minimum or average balance.
- Affordable maintenance of only $1.00 service
charge per quarterly statement and $.25 per check in excess of 9 checks
written per quarter.
- Descriptive quarterly statement with check
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SAVINGS ACCOUNT
A traditional savings
account paying interest.
Product
Features
- Personal and business accounts
available.
- Interest paid on collected balance over
$100. On days when the collected balance is below $100, no interest is
earned.
- Interest
compounded quarterly.
- $100 deposit is required.
- Minimum balance requirement to avoid
service charges is $100.01. This minimum will be waived for
minors' accounts only upon notification to the bank. (The minimum
balance required is reinstated when the account holder reaches 18 years
of age.)
- Service charges for accounts falling below
the minimum balance are $2.50 if quarterly statement or $.75 if monthly
statement.
- 6 Free withdrawals per quarterly statement
cycle; 3 free withdrawals for monthly statements cycle; $.50 per excess
withdrawal.
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BUSINESS
MONEY MARKET
A premium
investment account which pays interest at rates typically above savings while
permitting limited withdrawal privileges.
Product
Features
- Available to individuals and businesses including corporations and partnerships.
- $1,000 minimum collected balance to
earn interest.
- Premium interest rates are
based on a tiering structure using a daily collected balance.
- Interest is accrued on a
day-in/day-out basis on the daily collected balance.
- $5 service charge per
month for accounts below a $1,000 minimum collected balance.
- Interest is compounded
monthly, providing a premium return without locking up funds over a
specific term.
- You may make six (6)
transfers from your account each four (4) weeks or similar period, but
banking regulations permit only three (3) payments by check to third
parties.
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