Personal Savings
First Generation Savings Account
An interest bearing, statement savings account for children, teens and young adults (under age 21), allowing them to have their own savings account where they can watch their savings develop as they grow.
Account Features
- Minimum initial balance to open: $25.00
- Minimum daily balance to earn interest: $25.00
- Statements are issued on a quarterly or monthly statement cycle, as required by regulations.
- Transfers from a savings account to another account or to third parties by preauthorized, automatic, telephone, Internet, Phone Bank, ACH debit, wire transfers, or point of sale (POS) are limited to six per month.
- No minimum balance requirement
Other Information:
Fees – For the First Generation Savings Account the Minimum Balance Fee is waived.
All withdrawals, regardless of type, in excess of three per calendar month are subject to an Excess Debit Fee of $1.00 each.
Transaction Limitations - Transfers from a savings account to another account or to third parties by preauthorized, automatic, telephone, Internet, Phone Bank, ACH debit or wire transfer and point of sale (POS) are limited to six per month.
Rate Information - The interest rate and annual percentage yield may change at any time. Call any of our Customer Service Representatives to obtain current rate information.
Statements - Savings statements are issued on a quarterly or monthly statement cycle, as required by regulations.
Eligibility – Owner of account must be under the age of 21 to qualify.
New Generation Savings Account
An interest bearing, statement savings account to assist the customer in building a "nest egg".
Account Features
- Minimum initial balance to open: $100.00
- Statements are issued on a quarterly or monthly statement cycle, as required by regulations.
- Transfers from a savings account to another account or to third parties by preauthorized, automatic, telephone, Internet, Phone Bank, ACH debit, wire transfers, or point of sale (POS) are limited to six per month.
Other Information
Rate Information - The interest rate and annual percentage yield may change at any time. Call any of our Customer Service Representatives to obtain current rate information.
Fees – A $5.00 minimum balance fee will be assessed per month, if the average daily balance falls below $100.00.
All withdrawals/debits, regardless of type, in excess of three per calendar month are subject to an excess debit fee of $1.00 each.
Transaction Limitations - Transfers from a savings account to another account or to third parties by preauthorized, automatic, telephone, Internet, Phone Bank, ACH debit or wire transfer, or point of sale (POS) are limited to six per month.
