Personal Savings Accounts |
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Regular Savings
- No minimum balance with a great interest rate |
- No minimum balance
- Service charge of $1.00 per statement
cycle if average balance
falls below $50 (service charge is waived for accounts owned by
minors under age 18)
- Tiered interest rates- variable rates reviewed
weekly
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Money Market Savings
- Minimum balance earns a higher rate of interest |
- $1000 minimum balance
- $5 monthly service charge if average balance
falls below $1000
- Tiered interest rates - variable rates reviewed weekly
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Investment Savings
- High interest savings |
- $5000 minimum balance
- $10 monthly service charge if average balance
falls below $5000
- Tiered interest rates- variable rates reviewed weekly
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Special Savings Plans |
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Soaring Eagles Club
- Kids savings club for children under age 12 |
- No minimum balance money market savings account
- Tiered interest rates-variable
rates reviewed weekly
- Teaches children how to save
- Earn valuable rewards for reaching savings
goals
- Free t-shirt for new members
- Quarterly newsletter and annual membership
outing
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Higher Learning Fund
- Higher education savings |
- Parents or grandparents can help save for future educational expenses
- No
minimum deposit required
- No monthly service charge
- High interest rate indexed to the WSJ Prime
Rate – varies quarterly
- Withdrawals may not be made until the child reaches
age 18
- Child does not need to attend college to receive the balance
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Savings Certificates |
- Tiered rates – reviewed weekly
- Six – 60-month terms
- $100 minimum balance
- Penalty for early withdrawal may apply
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IRA Accounts |
- Traditional, ROTH, SEP and Coverdell Education savings accounts
- Fixed
interest rates reviewed weekly
- Six – 60-month terms
- $250 minimum to open
|
EZ IRA Accounts |
- No minimum balance to open
- Variable rate of interest reviewed weekly
- 24-month term
- Additional deposits allowed at any time
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