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SAVINGS
ACCOUNTS
A minimum initial deposit of $100.00 is required to open
this account, and a balance of $200.00 must be maintained
during the statement cycle in order to avoid the service
charge of $3.00 per statement cycle. Interest earned at
the stated rate is accrued daily and paid monthly. Savings
interest rates are subject to change daily. Some transfers
and withdrawals are allowed in unlimited numbers, but
you may not make more than six pre- authorized or automatic
transfers per statement cycle. There is a $5.00 charge
for each excessive item after six in the same statement
cycle.
CUB CLUB SAVINGS
Cub
Club Savings accounts are available for children 13 years
of age and younger. Same Terms apply as above Savings
Accounts except the minimum balance to join is $25.00
join and the money service charge of $3.00 waived until
age 19.
CERTIFICATES
OF DEPOSIT
May be purchased for 32 days up to 60 months with interest
payable monthly, quarterly, semi-annually, annually, or
at maturity. Interest may be compounded. Rates are subject
to change daily. Federal regulations require a substantial
penalty if funds are withdrawn before the maturity date
of the certificate. Rates are quoted upon request. For
more information concerning Certificates of Deposit, please
see one of our Customer Service Representatives.
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INDIVIDUAL
RETIREMENT ACCOUNTS (IRAS)
The law provides that any individual who is under the
age of 70 ½ years and has earned income may establish
an IRA and make contributions. Opening an IRA is easy.
All it takes is the completion of a form that gives us
the necessary information relating to your IRA and provides
you with specific details regarding its operation. The
deposits you make to your IRA will, naturally, be subject
to the provisions governing those deposits. If you decide
that an IRA will be a benefit to you, please see one of
our Customer Service Representatives, who will gladly
assist you in making the necessary arrangements.
Each
Depositor insured to at least $250,000 by the Federal
Deposit Insurance Corporation.
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