Friday, November 21, 2014

Deposit Products

Personal Checking

   
  • Minimum opening deposit
  • $1,000
  • Minimum daily balance to avoid maintenance charge
  • $1,000
  • Average daily balance to avoid maintenance charge
  • $2,500
  • Monthly maintenance charge for less than minimum or average daily balance
  • $10 per month, plus additional $0.25 for each debit

    Personal Interest Checking (NOW) Account

       
  • Minimum opening deposit
  • $1,500
  • Minimum daily balance to avoid maintenance charge
  • $1,500
  • Minimum average daily balance to avoid maintenance charge
  • $2,500
  • Minimum daily balance to obtain annual percentage yield (APY)
  • $1,500
  • Monthly maintenance charge for less than minimum or average daily balance
  • $12 per month, plus additional $0.25 for each debit
    Unlimited check writing with no fees if minimum daily balance or average daily balance is maintained.
    NOW accounts are limited to personal, sole proprietors, association accounts, and non-profit organizations.

    Personal Money Market Account

       
  • Minimum opening deposit
  • $2,500
  • Minimum daily balance to avoid maintenance charge
  • $2,500
  • Minimum average daily balance to avoid maintenance charge
  • $5,000
  • Minimum daily balance to obtain annual percentage yield (APY)
  • $2,500
  • Monthly maintenance charge for less than minimum or average daily balance
  • $12 per month
    Limited to six preauthorized withdrawals, automatic or telephonic transfers, checks, drafts,
    debit card and similar transactions per statement cycle. An excessive activity fee of
    $25.00 will be charged for each debit transaction in excess of six during a monthly statement cycle.

    Personal Savings

       
  • Minimum opening deposit
  • $500
  • Minimum daily balance to avoid quarterly maintenance charge
  • $500
  • Minimum average daily balance for the quarter to avoid quarterly maintenance charge
  • $750
  • Minimum daily balance to obtain annual percentage yield (APY)
  • $500
  • Quarterly maintenance charge for less than minimum or average daily balance for the quarter
  • $10 per quarter
    Limited to six preauthorized withdrawals, automatic or telephonic transfers, drafts,
    debit card and similar transactions per statement cycle. An excessive activity fee of
    $25.00 will be charged for each debit transaction in excess of six during a quarterly statement cycle.

    Business Checking

       
  • Minimum opening deposit
  • $200
  • Minimum daily balance to avoid maintenance charge
  • $2,500
  • Minimum average daily balance to avoid maintenance charge
  • $5,000
  • Monthly maintenance charge for less than minimum or average daily balance
  • $15 per month, plus additional 0.25 for each debit

    Business Interest Checking

       
  • Minimum opening deposit
  • $5,000
  • Minimum daily balance to avoid maintenance charge
  • $5,000
  • Minimum average daily balance to avoid maintenance charge
  • $7,500
  • Minimum daily balance to obtain annual percentage yield (APY)
  • $5,000
  • Monthly maintenance charge for less than minimum or average daily balance
  • $15 per month, plus additional $0.25 for each debit

    Non-Personal NOW Account (available to sole proprietors, non-profit or public organizations)

       
  • Minimum opening deposit
  • $5,000
  • Minimum daily balance to avoid maintenance charge
  • $5,000
  • Minimum average daily balance to avoid maintenance charge
  • $7,500
  • Minimum daily balance to obtain annual percentage yield (APY)
  • $5,000
  • Monthly maintenance charge for less than minimum or average daily balance
  • $15 per month, plus additional $0.25 for each debit
    Unlimited check writing with no fees if minimum daily balance is maintained.
    NOW accounts are limited to personal, sole proprietors, association accounts, and non-profit organizations.

    Business Money Market Account

       
  • Minimum opening deposit
  • $5,000
  • Minimum daily balance to avoid maintenance charge
  • $5,000
  • Minimum average daily balance to avoid maintenance charge
  • $7,500
  • Minimum daily balance to obtain annual percentage yield (APY)
  • $5,000
  • Monthly maintenance charge for less than minimum or average daily balance
  • $15 per month
    Limited to six preauthorized withdrawals, automatic or telephonic transfers, checks, drafts,
    debit card and similar transactions per statement cycle. An excessive activity fee of
    $25.00 will be charged for each debit transaction in excess of six during a monthly statement cycle.

    Business Savings

       
  • Minimum opening deposit
  • $1,000
  • Minimum balance balance to avoid quarterly maintenance charge
  • $1,000
  • Minimum average daily balance for the quarter to avoid quarterly maintenance charge
  • $1,500
  • Minimum daily balance to obtain annual percentage yield (APY)
  • $1,000
  • Quarterly maintenance charge for less than minimum or average daily balance for the quarter
  • $15 per quarter
    Limited to six preauthorized withdrawals, automatic or telephonic transfers, drafts,
    debit card and similar transactions per statement cycle. An excessive activity fee of
    $25.00 will be charged for each debit transaction in excess of six during a quarterly statement cycle.

    Certificates Of Deposit

       
  • Minimum opening deposit
  • $2,500
  • Interest payment frequency
  • Monthly
  • Interest is paid by check or transfer into an ICB account
  • Certificates of deposit are available with varying interest rates and terms. Contact any Bank Officer for a current rate quote. A substantial early withdrawal penalty will be imposed if a certificate of deposit is withdrawn prior to maturity.
  • Individual Retirement Accounts

       
  • Minimum opening deposit
  • $500
  • Annual Maintenance Fee
  • $25
  • Transfer Fee
  • $25
  • Closing Fee
  • $25
  • A variety of Individual Retirement Accounts (IRAs) are available. Contact your local Branch Office for additional details. A substantial early withdrawal penalty will be imposed if an IRA is withdrawn prior to maturity.
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