Banking Services
Your Accounts
Regular Checking
Description:
*A Basic Checking AccountRequirements:
*Minimum Balance to Open Account - $10.00Benefits:
*Check images returned in your monthly statements
*ATM or Debit card available (Annual Debit card fee and replacement fee for lost cards assessed)Cost:
*$5.00 monthly maintenance fee if the account balance falls below $100
*Activity fee of $.05 per paper debit in excess of 12 debits, if the account balance falls below $100.00
Now Checking
Description:
*A checking account that pays interestRequirements:
*Minimum Balance to Open Account and to Earn Interest- $1,000.00
Benefits:
*Interest earned based on the average daily collected balance of $1,000.00
*Check images returned with your monthly statement
*ATM or Debit card available (Annual Debit card fee and replacement fee for lost cards assessed)Cost:
*$5.00 monthly maintenance fee if the account balance falls below $1,000.00
*Activity fee of $.15 per debit if the account balance falls below $1,000.00
*Interest rates may change at any time at the discretion of the bank
AdvantAge 55 Checking
Description:
*A checking account for persons 55 and older that pays interestRequirements:
*No Minimum Balance to Open Account
*Must be at least 55 years old to open an accountBenefits:
*Interest earned based on the average daily collected balance of $1,000.00
*Check images returned with your monthly statement
*ATM or Debit card available (Annual Debit card fee and replacement fee for lost cards assessed)
*Free checks (large selection of AdvantAge 55 Checks available to choose from)
*Free money orders
*Free photo copies
*Unlimited number of checks written per monthCost:
*Interest rates may change at any time at the discretion of the bank
Student Checking
Description:
*A basic checking account for high school and college studentsRequirements:
*No Minimum Balance to Open AccountBenefits:
*Check images returned with your monthly statement
*ATM or Debit card available (Annual Debit card fee and replacement fee for lost cards assessed)
*Unlimited number of checks written per monthCost:
*$5.00 monthly maintenance fee if the account balance falls below $50.00
Money Market Account
Description:
*Interest bearing account allowing limited withdrawals
Requirements:
*Minimum Balance to Open Account - $1,000.00
*Transactions are limited to 6 debits per monthBenefits:
*Attractive Interest rates earned based on the required minimum daily balance of $1,000.00
*Check images returned with your monthly statement
Cost:
*$5.00 monthly maintenance fee if the account balance falls below $1,000.00
*Activity fee of $3.00 per debit in excess of 6 debits, if the account balance falls below $1,000.00
*Interest rates may change at any time at the discretion of the bank
Passbook Savings Accounts
Description:
*An account that earns interestRequirements:
*Minimum Balance to Open Account - $10.00
*Debits from this account are limited to 6 per monthBenefits:
*Interest is paid quarterly
*ATM Card available (Reissue/Replacement fee for lost cards assessed)Cost:
*Activity fee of $2.00 per debit in excess of 6 debits per calendar quarter
*Interest rates may change at any time at the discretion of the bank
Health Savings Account
Description:
*A tax-exempt savings account that allows you to accumulate savings tax free to pay for qualified medical expensesRequirements:
*You must be enrolled in a qualifying High Deductible Health Plan to open a Health Savings Account
*No Minimum Balance to Open AccountBenefits:
*Traditional check writing convenience for qualified medical expenses
*Monthly bank statements with images
*Earn interest on your HSA account. Interest is credited to your account monthly
*Free IRS reporting of your contributions and distributions
*Balances held in a HSA will automatically roll over from year to yearCost:
*Interest rates may change at any time at the discretion of the bank
Business Banking
Business Checking Account
Description:
* A Basic Checking Account
Requirements:
*Minimum Balance to Open Account - $10.00Benefits:
*Check images returned in your monthly statements
*ATM or Debit card available (Annual Debit card fee and replacement fee for lost cards assessed)
Cost:
*$5.00 monthly maintenance fee if the account balance falls below $100.00
*Activity fee of $.05 per paper debit in excess of 12 debits, if the account balance falls below $100.00
Certificates of Deposit
Description:
*We offer CDs with varying maturities ranging from 3 to 60 months.
*Come in and inquire about our rates on any of the above termed CDsBenefits:
*You can receive your interest by check, have it deposited into any of your deposit accounts or have the interest deposited back into the CDCost:
*A penalty may be imposed for early withdrawal
Individual Retirement Arrangements (IRAs)
Description:
*An account to supplement other pension plans or social security income you anticipate in retirementRequirements:
*The Traditional and Roth IRA contribution limits are $5,000.00 for those under age 50. Persons age 50 and over can make additional catch up contributions of $1000.00, for a total contribution limit of $6,000.00. You can have both a Roth IRA and a Traditional IRA in the same tax year, but you can't exceed the contribution limit with your combined contributions to both accounts.
*Roth IRAs - Individuals may contribute up to $4,000.00 per year if their modified adjusted gross income (MAGI) is less than $120,000.00.
Benefits:
*Traditional IRAs – Eligible savers may enjoy tax benefits during their income-producing years with a Traditional IRA, which is taxed at the then-current tax rate upon withdrawal
* Roth IRAs – Are funded with after-tax dollars but grows and is distributed tax-free for qualified saversCost:
*$25.00 fee to close or transfer an IRA account
Notice of Expiration of the Temporary Full FDIC Insurance Coverage for Noninterest-Bearing Transaction Accounts
By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest-bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). Beginning January 1, 2013, all of a depositor's accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category.
For more information about FDIC insurance coverage of noninterest-bearing transaction accounts, visit http://www.fdic.gov/deposit/deposits/unlimited/expiration.html.
