Basic Checking Accounts are free if a minimum balance of $750.00 is maintained throughout the monthly statement cycle. There are no limitations on the number of checks written per statement cycle, and there are no per-check charges. A statement will be provided monthly.
A minimum of $100.00 is required to open a Basic Checking Account.
If the account falls below the minimum balance of $750.00 at any time during the statement cycle, a service charge of $7.00 will be assessed for that statement cycle.
Credit card protection, travel and recreation discounts, key ring protection, 5 free Cashiers Checks per month, free notary service, a free member magazine, and accidental death and dismemberment insurance. There are no limitations on the number of checks written per statement cycle, and there are no per-check charges.
A minimum of $100.00 is required to open a BanClub Checking Account.
A service charge of $8.00, $9.00 or $10.00 per statement cycle will be assessed depending on the amount of insurance you choose.
Interest is calculated using the daily balance method and is credited to the account monthly on the statement date. There are no limitations on the number of checks written per statement cycle, and there are no per-check charges.
A minimum balance of $1,200.00 is required to open a Super Now Checking Account. Eligibility for Super Now Accounts is restricted to individuals and qualifying entities such as not for profit entities, charitable entities, and governmental units. Business accounts, business associations, estates, partnerships and corporations are not eligible for Super Now Accounts.
If the account falls below the minimum balance of $1,200.00 at any time during the statement cycle, a service charge of $12.00 will be assessed for that statement cycle.
Interest is calculated using the daily balance method and is credited to the account monthly on the statement date.
A minimum balance of $2,500.00 is required to open a Money Market.
If the account falls below the minimum balance of $2,500.00 at any time during the statement cycle, a service charge of $15.00 will be assessed for that statement cycle.
Money Market Accounts are limited to six debit transactions per statement cycle. These include check, draft, or similar order made to third parties, telephone transfers, ACH debits, or any pre-authorized agreement. Exceeding transaction limitations may subject the account to closure or conversion to a non-interest bearing account.
Interest is calculated using the daily balance method and is credited to the account quarterly. Statements will be provided at least quarterly; monthly if EFT activity necessitates.
A minimum balance of $100.00 is required to open a Savings Account.
If the account falls below the minimum balance of $100.00 at any time during the quarter, a service charge of $5.00 will be assessed for that quarter.
Savings Accounts are limited to six debit transactions per month. Exceeding the limitation of more than six debit transactions per month may subject your account to closure or conversion to a non-interest bearing account. The first six debit transactions during each quarter are free. An excess debit fee of $2.00 per debit transaction will be assessed for debit transactions in excess of six each quarter.
A Certificate of Deposit is an interest-bearing time deposit account with a fixed rate for guaranteed earnings. The rate is determined by the term selected. Available terms range from 32 days through 5 years.
There is a $500.00 minimum requirement to open a CD. There are no service fees or transaction fees on CD’s.
Interest rates are fixed for the term of the CD. Interest is calculated using the daily balance method. CDs are subject to penalty for early withdrawal.
An IRA is an interest-bearing time deposit specifically for your retirement and future needs. IRAs have a fixed rate for guaranteed earnings. The rate is determined by the term selected. Available terms range from 1 year through 4 years.
The minimum balances, maximum contributions, rollovers, and conversions are regulated and may vary according to IRA type. Income, age, and other factors may affect eligibility.
Interest rates are fixed for the term selected. Interest is calculated using the daily balance method. IRAs are subject to penalty for early withdrawal.Additional penalties may apply in other instances such as withdrawals prior to age 59½, excess contributions, failure to take required distributions, etc.
NOTICE:
NOTICE OF EXPIRATION OF THE TEMPORARY FULL FDIC INSURANCE COVERAGE FOR NONINTEREST-BEARING TRANSACTION ACCOUNTS
By federal law, as of January 1, 2013, funds in a noninterest-bearing transaction account (including IOLTA/IOLA) will no longer receive unlimited deposit insurance coverage, but will be FDIC insured to the legal maximum of $250,000 for each ownership category. For more information, please visit www.fdic.gov.
