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 average 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.
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 us to check our current interest rates.
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/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.

New Generation Money Market Account (M.M.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 initial balance to open:  $1,000.00
• Free electronic images with e-statements
• Free first order of personalized basic checks

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.A. to another account or to third parties by preauthorized, automatic, telephone, Internet, Phone Bank, ACH debit or wire transfer, point of sale (POS), check, draft, or similar order are limited to six per statement cycle.
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 mailed monthly statement.
Eligibility - All customers are eligible for this account.

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