This is an interest-bearing account that requires an opening deposit of $100.00. If the balance drops below $100.00 any time during the month a $5.00 monthly service charge will be assessed. There is no service charge for minors and students. The number of over-the-counter withdrawals is unlimited. However, certain other withdrawals and transfers are limited to a maximum of six per month. A $2.00 charge will be assessed for each withdrawal and transfer over the limit. Interest is credited with the quarterly statement cycle.
Christmas Club Savings Account
Plan ahead with an interest-bearing Christmas Savings Account. A minimum deposit of $1.00 will open the account and unrestricted deposit amounts allow you to decide the growth of the account balance. Withdrawals are not allowed. The first week of November a check for the account balance, including the interest earned, is mailed to the account holder to allow time for Christmas shopping. The interest rate and annual percentage yield is subject to change at any time.