Other Services

Christmas Club

Minimum balance to open – $5.00

Deposit limitations – You make an unlimited number of deposits into your account. The minimum amount you can deposit is $5.00.
Club account withdrawal limitations – If any withdrawal(s) is/are made from this account before maturity, then this account may be closed. There may be a penalty for closing this account.

We offer accounts for $5.00, $10.00, or $20.00 per week for 50 weeks beginning in November of each year.

We will make your last deposit if all other deposits are made by the 50th week.

Checks are issued in mid-October, just in time to Christmas shop!

Passbook Savings Account

Minimum balance: None

Interest: Accrued daily.  Credited quarterly. Call us for our rates.

Service Charge: $1.00 will be charged for each withdrawal in excess of 9 during a quarter.

CD’s

Range in maturity: 3 months to 3 years

Automatically renewed

Anyone can open a Certificate of Deposit (CD)

Opening Balance: $1,000

Interest:

• Rates are based on current market rates at the time of purchase and are a fixed rate until maturity. Call us for our rates.
• May be paid by check or credited to another deposit account.
• May be compounded semi-annually on certificates with maturities of 6 months or greater.

Early withdrawal: a penalty may be assessed

IRA’s

Almost anyone can open an IRA, certain requirements apply. Please contact an Associate for details.

Interest: Rates are based on current market rates at the time of purchase and are a fixed rate until maturity. Call us for our rates.

Minimum of $500.00 to open

Withdrawals with no penalty may be made after you have reached the age of 59 ½.  Disbursements may be made by check or credited to another deposit account.

Early withdrawal: a penalty may be assessed