Savings Account***
(Interest Bearing) *
- Minimum opening deposit of $100.00
- ATM card available
- Statement cycled monthly and printed quarterly.
- Interest is credited quarterly to account
- A $5.00 fee will be charges to the account if closed within 90 days of opening.
- If account balance falls below $100.00, no interest will be earned and a minimum balance fee of $2.00 per month will be charged.
Christmas Club
(Interest Bearing) *
- Minimum opening deposit of $5.00
- Statement Period: Annually
- Interest is credited annually
- A check for the balance plus interest is mailed annually
Individual Retirement Account (IRA)
Grow retirement savings with tax-deferred dollars since earnings are not subject to federal income tax until savings are withdrawn.
- Tailor contributions to your situation
- Tax deduction
- Tax-deferred earnings
- Tax benefits continue after retirement
Roth IRA
- Allows a maximum non-deductible annual contribution.
- Roth IRA earnings are tax-free as long as principal and earnings have remained in the IRA for at least five years from the first contribution and the withdrawal is a qualified distribution.
Educational IRA
Allows you to begin saving money to help pay higher educational expenses for a child, grandchild, or any young person.