Savings

Statement Savings Account: You can earn interest, calculated daily and paid quarterly, from date of deposit to date of withdrawal. To insure systematic savings you can authorize the bank to transfer automatically a specified amount from your checking account to your savings account monthly. Six withdrawals per month are free; however, all withdrawals in excess of this will cost $1.00 each. A cancellation charge of $5.00 will be made if the account is closed within 90 days. If your balance drops below the minimum Daily balance requirement of $ 100.00, there is a $3.00 per-quarter charge. Minors are exempt.

Individual Retirement Accounts (IRAs) : An Individual Retirement Account can allow you to convert taxes into future retirement income and, depending on your adjusted gross income (A.G.I), you can possibly still realize substantial tax savings.

Insured Money Market Investment Account (IMMI): Maximize your earnings and enjoy checking account convenience. Your best bet for your personal investment dollars. This account requires a minimum collected balance of $1,000.00 and will allow up to six (6) debits per month. If your balance falls below $1,000.00 at any time during the month, your account will be assessed a $9.00 service charge and no interest will be credited to your account. All debits in excess of six (6) will cost $9.00 each. Each check must be written for $100.00 or more. Unlimited withdrawals in person.

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