Savings

Savings Products

Whether you are saving for a rainy day, college, vacation or even retirement, we have just the account for you.


Passbook Savings

Easy access to your money with interest.


Statement Savings

  • Minimum deposit to open: $10.00
  • Minimum monthly balance required to avoid service charge: none
  • Minimum monthly balance required to earn annual percentage yield: none
  • Frequency of interest rate changes: We may change the interest rate on your account at any time
  • Determination of interest rate: At our discretion, we may change the interest rate for your account
  • Balance Computation Method: We use the daily collected balance method to determine the balance on which your interest is calculated. This method applies a periodic rate to the collected balance in the account each day.
  • Compounding and crediting frequency: Interest will be compounded and credited on the last day of March, June, September, and December. If you close your account before interest is credited, you will not be paid any accrued interest.
  • Accrual of Interest: Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items.
  • Transaction limitations: You are permitted to make no more than six “convenient” transfers or withdrawals per calendar month. These include preauthorized, automatic transfers, and transfers and withdrawals initiated by telephone, facsimile, or computer and transfers payable to third parties. There are no limitations on ATM withdrawals or in-person withdrawals. We have the right to require seven business days prior notice for withdrawals.
  • Dormant fee: You must make a deposit or a withdrawal at least once every 365 days or maintain a minimum balance of $500.00 or you will be charged $3.00 per month.

Christmas Club

  • Minimum deposit to open the account: One Payment
  • Payment amount options: $5.00, $10.00, $15.00, $20.00, $25.00, $30.00, $40.00, $50.00, and $65.00
  • Rate Information: Interest is in the form of the 50th payment, which will be paid at the end of the Club cycle.
  • Requirements to obtain final payment: Complete all 49 payments within the 50-week program.
  • Service Charges: none
  • Fees: none
  • Transaction limitations: Cannot be withdrawn prematurely.
  • Accounts can be opened only during a certain period of time each year.

Certificate of Deposit (CDs)

  • Minimum deposit to open the account: $1000.00
  • Withdrawals of the principle are not permitted, except to close the account.
  • Rate Information: Rate Information: The rate and APY will be in effect until the maturity date. The APY assumes that interest is compounded quarterly and will remain on deposit until maturity. If you withdraw interest before maturity, your earnings will be reduced and you will not receive the annual percentage yield.
  • Balance Computation Method: We use the daily balance method to calculate the interest on this account. This method applies a periodic rate to the balance in the account each day.
  • Compounding and Crediting: Interest for this account is compounded quarterly. Interest is credited quarterly unless requested differently and interest begins to accrue on the business day that you deposit any noncash items.
  • Transaction Limitations: You may not make withdrawals of the principle before maturity without incurring early withdrawal penalties. We will not allow interest to be withdrawn from the account more than once in any calendar month. We may require seven (7) days prior notice to effectuate any withdrawals. You may not make additional deposits to this account. We will permit early withdrawal without penalty if the owner dies. We may allow you to withdraw any interest paid or accrued on the account without penalty.
  • Effect of Closing the Account: If you close the account prior to the maturity date or after the grace period, we may pay you any accrued interest on the account and deduct any early withdrawal penalty.
  • Early Withdrawal Penalty: If you withdraw the principle before maturity, a penalty will be assessed. The penalty is calculated on the current balance in the account and will be:
    • 1 months’ interest on 1 month to 12 month terms or less
    • 3 months’ interest on 13 months to 59 month terms
    • 6 months’ interest on 60 month term or more
    We must permit withdrawal without penalty if any owner dies or is determined to be legally incompetent.
  • Renewal Policy: This account will be automatically renewed at maturity. You have a grace period of 10 calendar days after maturity to withdraw the funds without being charged a penalty. If you withdraw the funds during the grace period, you will not receive any interest accrued since maturity.

Junior Certificate of Deposit (CDs)

  • Minimum deposit to open the account: $250.00
  • Withdrawals of the principle are not permitted, except to close the account.
  • Rate Information:
    The rate and APY will be in effect until the maturity date. The APY assumes that interest is compounded quarterly and will remain on deposit until maturity. If you withdraw interest before maturity, your earnings will be reduced and you will not receive the annual percentage yield.
  • Balance Computation:
    We use the daily balance method to determine the balance on which interest is calculated on this account. This method applies a periodic rate to the balance in the account each day.
  • Compounding and Crediting:
    Interest will begin to accrue on the day of the deposit. You can elect to have your interest added back to the certificate, paid by check, or deposited to another account. The interest is compounded quarterly and paid quarterly unless requested differently.
  • Transaction Limitations:
    Additional deposits are allowed for this certificate. The additional deposit amount must be at least $25.00 per deposit. You will be allowed to withdraw any interest that has been credited back to the certificate of deposit without being assessed a penalty. If you withdraw interest before maturity, your earnings will be reduced and you will not receive the annual percentage yield disclosed above. Seven (7) days prior written notice may be required to effectuate any withdrawals.
  • Effect of Closing the Account:
    If you close the account prior to the maturity date or after the grace period, we may pay you any accrued interest on the account and deduct any early withdrawal penalty.
  • Early Withdrawal Penalty:
    If you withdraw your CD before maturity, you will be assessed a substantial penalty. This penalty will be equal to all the interest earned or accrued since opening the certificate or the last renewal date if the certificate has been renewed. We must permit withdrawal without penalty if any owner dies or is determined to be legally incompetent.
  • Renewal Policy:
    This account will be automatically renewed at maturity. If the balance of the certificate has reached the minimum deposit amount for a regular certificate has reached the minimum deposit amount for a regular certificate of deposit, it will renew at the regular 12-month cd rate. You have a grace period of 10 calendar days after maturity to redeem the certificate

Individual Retirement Accounts (IRAs)

For your personal retirement needs. Deposits of $25 or more are accepted at your convenience. The regular contribution limit is determined by the IRS and may be adjusted.


Money Market Account

  • Minimum deposit to open the account: $1000.00
  • Minimum monthly balance to avoid a monthly service charge: $1000.00
  • Rate Information: The interest rate will be based on your balance daily and will draw a different amount depending on your balance category. Our categories are set up as follows:
    • $1000 - $24999
    • $25000 - $49999
    • $50000 - $99999
    • $100000 and up
  • The interest will be credited to your account monthly. The daily collected balance method is used to determine the balance on which your interest is calculated.
  • Frequency of interest rate changes: We may change the interest rate on your account at any time.
  • Determination of interest rate:At our discretion, we may change the interest rate for your account.
  • Accrual of Interest:Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items.
  • Minimum monthly balance required to earn annual percentage yield: $1000.00
  • Monthly balances and service charges: $999.99 or less $6.00
  • Compounding and Crediting: Interest will be credited to your account monthly. The number of days between statements will vary according to the statement-printing schedule. If you close your account before interest is credited, you will not receive any accrued interest.
  • Statement type: A monthly statement will be provided with check images.
  • Transaction limitations: Permitted to make no more than six “convenient” transfers per calendar month to a third party or to another account with us by means of check, drafts, debit card PIN or POS, and similar order third party, ACH Direct Debits, and Restricted Transfers through ATS, online banking, voice response, mobile banking, wire; not more than three of these transfer may be in the form of a check. There are no limitations on ATM withdrawals or in-person withdrawals. We have the right to require seven days prior notice for withdrawals.

1Call for our current interest rate.