Personal Savings Accounts and Time Deposits
We offer you several different ways to help you save money. You may join many of our customers who find that our Savings Account meets all their needs -- or if you want the ability to write an occasional check, you will prefer our Money Market Account. If you are interested in a higher interest rate on your savings and don't need quick access to your money, then a Certificate of Deposit may fit your needs. We also offer Individual Retirement Accounts in the form of specially designated CDs.
Saving is easy and convenient with our First Savings Account. Every three months you'll receive a detailed statement listing all activity on your account during the previous quarter. Daily balances earn a variable rate of interest compounded and paid quarterly.
MONEY MARKET ACCOUNT
For investment-minded individuals, an insured Money Market Account is a wise choice. The interest rate varies to reflect current market conditions, so if rates rise, you earn a higher rate. Our Money Market Account also features tiered interest rates, so the more you save, the more you will earn. Interest is compounded and paid monthly on the daily balances. A Money Market Account allows access to your funds -- you can make 6 withdrawals per month, 3 of which may be by check or an ATM transaction.
We offer Certificates of Deposit in different terms ranging from 3 months to 5 years. Interest rates are typically higher as the term increases. Interest is compounded and paid quarterly on the balance. Call or come by one of our offices for current rates.
Looking to save for retirement? If so, open an Individual Retirement Account and plan for your future. Once you set up a retirement plan, you can add investments in the form of CDs to your plan. You can open multiple CDs with the same or different terms as it suits you. Then when you retire we will setup annual distributions from your IRA plan with withdrawals coming from your CDs in the order that you choose.
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