Personal Savings Accounts

Savings Accounts

Personal Savings Accounts

We make it easy to get into the habit of setting aside money. With a little help from one of our many savings account options, you'll have money for the future or simply a rainy day.

Regular Savings Account 

Get started saving money with this regular savings plan.

  • Minimum opening deposit - $250
  • $10 quarterly service charge with balance less than $250
  • Interest paid quarterly
  • Accrued interest is forfeited if account is closed before interest is paid
  • Quarterly statements
  • Unlimited deposits
  • $3.00 fee per transaction after ten withdrawals per quarter
  • Make up to six withdrawals or transfers by means of preauthorized, automatic or telephone transfers per statement cycle. No more than six transfers may be made by check, debit card (if applicable) or similar order to a third party.

Excessive withdrawals over the limit may result in fees, account closure, change of account type, termination of transfer capability or other remedial action.  See account disclosure for full details. 

Select Gold Savings Account 

Designed to complement our Select Gold Checking account, this savings plan is for our customers age 50 or better, featuring all the benefits of our Regular Savings account with an even higher rate of interest.

  • Minimum opening deposit - $100
  • $10 quarterly service charge with balance less than $250
  • Interest paid quarterly
  • Accrued interest is forfeited if account is closed before interest is paid
  • Quarterly statements
  • Unlimited deposits
  • $3.00 fee per transaction after ten withdrawals per quarter
  • Make up to six withdrawals or transfers by means of preauthorized, automatic or telephone transfers per statement cycle. No more than six transfers may be made by check, debit card (if applicable) or similar order to a third party.

Excessive withdrawals over the limit may result in fees, account closure, change of account type, termination of transfer capability or other remedial action.  See account disclosure for full details. 

Christmas Club Account 

With automatic deposits, this account takes the stress out of saving money for the festive holiday season.

  • Minimum opening deposit - $10
  • Interest is compounded annually
  • Fee assessed when account is closed prior to maturity
  • $3.00 fee per transaction after ten withdrawals per quarter
  • Make up to six withdrawals or transfers by means of preauthorized, automatic or telephone transfers per statement cycle. No more than six transfers may be made by check, debit card (if applicable) or similar order to a third party.

Excessive withdrawals over the limit may result in fees, account closure, change of account type, termination of transfer capability or other remedial action.  See account disclosure for full details. 

Piggy Bank Savings Account 

Designed just for kids up to age 15, this account teaches children the importance of saving money while making it fun and easy.

  • No minimum opening deposit
  • No monthly service charge
  • Quarterly statements
  • Accrued interest is forfeited if account is closed before interest is paid.
  • Interest paid quarterly
  • $3.00 fee per transaction after ten withdrawals per quarter
  • Make up to six withdrawals or transfers by means of preauthorized, automatic or telephone transfers per statement cycle. No more than six transfers may be made by check, debit card (if applicable) or similar order to a third party.

  Account holders must have parent or guardian on the account. 

Excessive withdrawals over the limit may result in fees, account closure, change of account type, termination of transfer capability or other remedial action.  See account disclosure for full details. 

Certificate of Deposit 

A CD offers a smart and convenient way to save. Your investment is easily converted into cash at the end of the term you select, available from 91 days to five years.

  • Minimum opening deposit - $1,000
  • Early withdrawal penalties may apply.
  • See account disclosure for full details.
Individual Retirement Account 

We offer a variety of IRA investing plans – from traditional to self-directed IRAs. Please talk with us about which type of IRA best suits your investment needs and goals.


Traditional IRA

Traditional lRAs let you invest pretax dollars, providing possible tax benefits throughout your income-producing years.


Simplified Employee Pension (SEP) Plans

A SEP is an easy, low-cost retirement plan for employers. Rather than opening a separate retirement plan, an employer makes contributions to the employees’ IRAs.

  • Deposit limits apply
  • May require contribution for other employees of contributor
  • Annual statements of balances and transactions


Roth IRA

Roth IRAs, while not tax-deductible, allow you to make qualified, tax-free distributions

  • Tax-free withdrawals for individuals at least age 59 1/2, or for death or disability (account must be at least five years old)


Education IRA

Education IRAs let parents, grandparents or other family members, friends and even children contribute towards the child’s education.

  • For individuals under age 18
  • Tax-free withdrawals for qualified education expenses
  • Parents may deposit $2,000 annually per child for college
  • Money may be transferred to another family member for college
  • Unused money may be taxed and is subject to a 10% penalty

 

 

 

All checking accounts, savings accounts and certificates of deposit are insured for the maximum amount allowed by the Federal Deposit Insurance Corporation (FDIC).