Statement Savings | Money Market Demand Account

Statement Savings :

An interest bearing, statement savings account to assist the customer in building a "nest egg".

Account Features

• Minimum Balance to Open Account - An opening balance of $100.00 or more is required.

Other Information:

Fees - A $5.00 minimum balance service fee will be assessed each monthly statement cycle, if the average daily balance falls below $100.00. All withdrawals, regardless of type, in excess of six per calendar month are subject to an excess transaction 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 are limited to six per month with no more than three transfers by point-of-sale.

Rate Information - The interest rate and annual percentage yield may change at any time. Call us to check our current interest rates.

Statements - Savings statements are issued on a quarterly or monthly statement cycle, as required by regulations.

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Money Market Demand Account (M.M.D.A.)

This is an alternative account type to a certificate of deposit for investments allowing the convenience of a limited checking account.

Account Features

• Detailed monthly statement of all account activity.
• Minimum Balance to Open Account - An opening balance of $1,000.00 or more is required.

Other Information

Rate Information - The interest rate and annual percentage yield may change at any time. Call us to check our current interest rates.

Fees - A minimum balance fee of $10.00 will be assessed each monthly statement cycle, if the average daily balance falls below $1,000.00.

Transaction Limitations - Transfers from a M.M.D.A. to another account or to third parties by preauthorized, automatic, telephone, Internet, Phone Bank, ACH debit or wire transfer are limited to six per statement cycle with no more than three transfers by check, draft or point-of-sale.

Excess Debit Fee – An excess debit fee of $10.00 per item will be charged when the above limits are exceeded.

Imaged Item Fee - You will be charged a $3.00 imaged item fee each month if you choose to receive the images of checks and deposit slips (imaged items) with your monthly statement.

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