Savings Accounts

Passbook Savings

  • No minimum deposit  to open account
  • $100.00 average daily balance to obtain the disclosed annual percentage yield
  • Transaction fee of $5.00 for each transaction in excess of six withdrawals or transfers per month.

Money Market Savings

  • $100.00 minimum balance to open account
  • $5.00 service charge if average daily balance falls below $10,000.00
  • $5.00 excess transaction fee for each transaction in excess of six withdrawals or transfers per month.
  • Six withdrawals or transfers per month.  If you exceed the withdrawal or transfer limitations set forth above in any statement period, your account will be subject to closure by the financial institution.

IRA Savings

  • Interest bearing account using average daily balance paid semi-annually.
  • A penalty equal to 90 days interest will be assessed if the account is closed before attaining the age of 59 ½. 

Contact the bank for complete terms and conditions for your deposit accounts, as well as our current interst rates.

  • Deposit Accounts are FDIC Insured up to $250,000.00 per depositor.
  • IRA Accounts are now FDIC Insured up to $250,000.00 per depositor.