Simply Free Personal Checking

Regular Checking

Business Checking

Super Now

Money Market

Money Market Investment Account

Passbook Savings Account

Certificates of Deposit

Individual Retirement Account

 

 

 

Please visit any branch for a copy of our complete disclosure.

 

*APY means Annual Percentage Yield

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 Simply Free Personal Checking Account

  

·        No Monthly maintenance fee or per item charge.

·        Minimum balance to open: $100.00

·        Statement only – no checks or images returned to customer

·        Only available to Personal Accounts

 

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 Regular Checking Account

  

·        Minimum balance to open: $100.00

·        Minimum balance to avoid monthly maintenance fee: $500.00

·        Monthly maintenance fee: $5.00

·        Per item debit fee: 25 free checks or debits per statement cycle: $.25 per check or debit, starting with the 26^th check or debit.

 

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Business Checking Account

  

·        Minimum balance to open: $100.00

·        Minimum balance to avoid monthly maintenance fee: $500.00

·        Monthly maintenance fee: $10.00

·        Per debit item fee: 50 free checks or debits per statement cycle; $.25 per check or debit, starting with the 51^st check or debit.

·        Account may be subject to additional account profitability charges.

  

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Super Now Account

  

·        Minimum balance to open: $1,000.00

·        Monthly maintenance fee: $3.00

·        Monthly maintenance fee if daily balance is below $1,000.00 any day of statement cycle: $13.00

·        Per debit item fee: 15 free checks or debits per statement cycle; $.25 per check or debit, starting with the 16^th check or debit

·        Account will not earn interest on the days account balance is below $1,000.00

  

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Money Market Deposit Account

  

·        Minimum balance to open: $1,000.00

·        Minimum balance to avoid monthly maintenance fee: $1,000.00

·        Monthly maintenance fee: $10.00

·        Transaction limitations: You may make six (6) withdrawls as allowed by Government Regulations per calendar month which may be by check, draft, debit card, on-line, or similar order (including POS transactions) made by the depositor and payable to third parties.

·        Account will not earn interest on the days account balance is below $1,000.00

  

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Money Market Investment Account - Tiered

  

·        Minimum balance to open: $100.00

·        Interest rate and annual percentage rate will depend on the daily balance in the account as shown on the rate chart.

·        Transaction limitations: You may make six (6) withdrawls as allowed by Government Regulations per calendar month which may be by check, draft, debit card, on-line, or similar order (including POS transactions) made by the depositor and payable to third parties.

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Passbook Savings Account

  

·        Minimum balance to open: $25.00

·        One free debit per month, $1.00 charge for each debit thereafter.

·        Interest rate may change at our discretion.

·        Interest will be compounded semi-annually and will be credited to the account semi-annually. If the account is closed before the interest is credited you will not receive the accredited interest.

·        You may make six (6) withdrawls as allowed by Government Regulations per calendar month which may be by check, draft, debit card, on-line, or similar order (including POS transactions) made by the depositor and payable to third parties.

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Certificates of Deposit

 We offer a

·        6 Month CD

·        9 Month CD

·        12 Month CD

·        18 Month CD

·        24 Month CD

·        48 Month CD

·        60 Month CD

 

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6 Month Certificate of Deposit

·        Minimum balance to open: $1,000.00.

·        The interest rate and APY will not change for the term of the account

·        Interest compounded semi-annually and will be credited semi-annually

·        Early withdrawal will result in a penalty of 1 month interest

·        You have 10 calendar days after the maturity date to withdraw funds without penalty. If you do not withdraw the funds, each renewal term will be for an identical period of time as the original term

 

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9 Month Certificates of Deposit - Tiered Interest Rate

 

·        Minimum balance to open is determined by rate chart

·        The interest rate and APY will not change for the term of the account

·        Interest compounded quarterly and will be credited quarterly

·        Early withdrawal will result in a penalty of 3 months interest

·        You have 10 calendar days after the maturity date to withdraw funds without penalty. If you do not withdraw the funds, each renewal term will be for an identical period of time as the original term

 

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12, 18, 24, 48 and 60 Month Certificates of Deposit

 

·        Minimum balance to open: $1,000.00

·        The interest rate and APY will not change for the term of the account

·        Interest compounded semi-annually and will be credited semi-annually

·        Early withdrawal will result in a penalty of 3 months interest

·        You have 10 calendar days after the maturity date to withdraw funds without penalty. If you do not withdraw the funds, each renewal term will be for an identical period of time as the original term

 

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Individual Retirement Accounts

 

 

 

 

 

 

Traditional and Roth IRA’s Offered

 

• Minimum balance to open: $250.00
• No Maturity Dates (IRA’s are not in Certificates of Deposit)
• Rate Information: Interest rate and annual percentage yield are subject to change at our discretion, at any time. (variable rate disclosed at opening)
• Interest Computation Method: Daily Balance
• Minimum balance to obtain APY: $250.00
• Accrual of Interest on non-cash deposits: Interest begins to accrue on the business day of deposit.
• Interest will be compounded daily, credited to account annually.
• Account Statement: annually     
• Effect of closing an Account: If closed before interest is credited, we will pay you the interest that has accrued on your account.

 

 

 

• Passbook Fees: Replacement Fee: $5.00           Closing Account without book: $5.00
• Complete Transfer Fee:  (Account transferred from our bank to another institution)
•                                          Transfer of less than $10,000.00 - $50.00
•                                          Transfer of more than $10,000.00 - $150.00

 

 

 

 

• Partial Transfer Fee:   (Account transferred from our bank to another institution)
•                                          Transfer of less than $10,000.00 – $25.00
•                                          Transfer of more than $10,000.00 -  $50.00

 

 

 

Our Bank does not charge a fee for maintaining or handling your IRA.

 

 

 

 

 

 

 

 

 

Our Bank does not charge a forfeiture for early withdrawals or closings