Savings Options

Certificates of Deposit

• Rates are competitive
• Terms ranging from 3 months to 4 years
• Partial withdrawals permitted - penalty may apply 

Savings Account

• Interest is compounded and credited monthly
• Open with $100
• No monthly service charge for balances of $100 or more; $1 if balance falls below
• No transaction fees
• Limit of six auto debit payments per statement cycle (transfers and debits)

Christmas Club

• Attractive interest rate
• Open with as little as $5
• Deposit any time ($5,200 maximum balance per account)
• Passbook provides handy record keeping
• Check mailed in October
• No withdrawals permitted (account will be closed and interest forfeited)

Child’s Savings Account

• A great way to teach children the “savings habit”
• No service charge until age 18 
• Open with as little as $5

Coverdell (Education) Savings Account

• Designed to help fund a child’s higher education
• After-tax contributions up to $2,000
• Earnings are tax free when used to pay for qualified education expense
• Penalty for early withdrawal may apply