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| Statement Savings Account | |
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Minimum Balance Requirements |
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| Balance Computation Method | |
| We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principle in the account each day. Interest begins to accrue on the business day you deposit non-cash items for example, checks. | |
| Interest Compounded and Crediting | |
| Interest for your account will be compounded and credited semi-annually to your account on June 30 and December 31 and disclosed on account statements generated on those dates. | |
| Transaction Limitations | |
| Funds can be transferred from this account by check, telephone transfer, pre-authorized transfer or in-person withdrawal. You may make six pre-authorized or telephone transfers from your account each calendar month. You may make 13 withdrawals per calendar quarter with no service charge. | |
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* Call Bank for Rates
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| Christmas Club Account | |
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Weekly payment of $2.00, $3.00,
$5.00 or any multiple of $5.00. We will make 50th payment if
customer makes the first 49 by due date.
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| Certificate of Deposit | |
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Certificate of Deposit Type 91 Day 182 Day 12 Month 18 Month 24 Month 30 Month 36 Month 42 Month 48 Month |
Minimum Deposit 2,500.00 2,500.00 500.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 |
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* Also Ask about our CD specials. Call Bank for Rates.
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| Individual Retirement Account (IRA) | |
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Any individual under 701/2 years of age who has earned income may
establish an IRA, and can also rollover proceeds from a pension plan
payout to an IRA. There are many deciding factors in determining the
dollar and age limits for this kind of account.
Effective April 1, 2006 the FDIC insurance coverage for traditional and Roth Individual Retirement Accounts will be $250,000, up from $100,000 previously.
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| Keogh Retirement Plans | |
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These plans are for the self-employed. Contributions may be made as
long as person is still working. There are many different options
available to the customer.
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| Health Savings Account | |
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A Health Savings Account (HSA) is an account that you can put money into to save for future medical expenses. There are certain advantages to putting money into these accounts, including favorable tax treatment. Any adult can contribute to a Health Savings Account (HSA) if they:
For more information on this opportunity to save for future qualified
medical and health expenses, stop in or call and talk to one of our
Customer Service Representatives at our Kewanee, Annawan, Bradford,
Manlius, Sheffield, or Tampico locations. |
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Equal Housing Lender
