Savings
Household Regular Savings
The Regular Savings Account is a convenient, interest bearing account, with easy access to funds.
Interest Rate
The interest rate and annual percentage yield will be disclosed by posting in the lobby of the bank and will change at the discretion of the bank from time to time. The initial rate will be disclosed when the account is opened.
Balance Computation Method
The daily balance method is used to calculate the interest on this account. This method applies a daily periodic rate to the daily collected balance.
Compounding and Crediting
Interest will be credited at the end of the quarterly statement cycle and will be compounded quarterly. An account closed before interest is credited will not receive accrued interest that has not yet been credited to the account. Interest begins to accrue no later than the business day the bank receives credit for the deposit of non-cash items.
Account Fees
- No monthly maintenance fee if a $100.00 minimum daily collected balance is maintained throughout the statement cycle
- If the balance drops below $100.00, a $5.00 monthly maintenance fee will be charged
- 3 Free debit items per month - $3.00 for each debit item over 3
- Monthly maintenance fee waived for account owner under the age of 18.
Statement Charges
NO charge for quarterly statements
$5.00 for additional statements
Minimum to Open Account
- $100.00 minimum opening deposit
- Minimum to open requirement waived for account owner under the age of 18.
Household Money Market
The Household Money Market Account offers the customer a higher rate of interest and limited check writing.
Interest Rates
The interest rates and annual percentage yields on this type of account will be based on the following balance levels:
- Level 1 $0 - $2,499.99
- Level 2 $2,500.00 - $9,999.99
- Level 3 $10,000.00 - $24,999.99
- Level 4 $25,000.00 - $49,999.99
- Level 5 $50,000 - $99,999.99
- Level 6 $100,000 +
The rates and yields will be disclosed by posting in the lobby of the bank and will change at the discretion of the bank from time to time. The initial rate will be disclosed when the account is opened.
Balance Computation Method
The daily balance method is used to calculate the interest on this account. This method applies a daily periodic rate to the daily collected balance.
Compounding and Crediting
Interest will be credited at the end of the monthly statement cycle and will be compounded monthly. An account closed before interest is credited will not receive accrued interest that has not yet been credited to the account. Interest begins to accrue no later than the business day the bank receives credit for the deposit of non-cash items.
Account Fees
NO monthly maintenance fee if a $1,500.00 minimum daily collected balance is maintained throughout the statement cycle.
If the balance drops below $1,500.00, a $7.50 monthly maintenance fee will be charged.
Check Writing
By regulation, this type of account is limited to 6 pre-authorized debits per month. There will be a $3.00 charge per debit item over 6.
Statement Charges
NO statement charge for imaged statements
Minimum Deposit to Open Account
$100.00 minimum opening deposit
Certificates of Deposit
- $500 minimum to open.
- Interest payment methods include: check, transfer or compounding.
- Maturities from 3 months to 5 years.
- All certificates are automatically renewable unless otherwise indicated. Interest rates and annual percentage yields vary with terms and will be disclosed at time of purchase.
- All accounts and certificates of deposit are subject to the bank's Deposit Account Agreement and Disclosure, in effect from time-to-time. There may be additional charges and fees for services, as set forth in our Schedule of Service Charges and Fees.
