Monday, October 20, 2014

Deposit Products

Personal Checking                                       

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

Personal Interest Checking (NOW) Account

   
  • Minimum opening deposit
  • Minimum daily balance to avoid maintenance charge
  • Minimum average daily balance to avoid maintenance charge
  • Minimum daily balance to obtain annual percentage yield (APY)
  • Monthly maintenance charge for less than minimum or average daily balance
$1,500
$1,500
$2,500
$1,500
$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
  • Minimum daily balance to avoid maintenance charge
  • Minimum average daily balance to avoid maintenance charge
  • Minimum daily balance to obtain annual percentage yield (APY) 
  • Monthly maintenance charge for less than minimum or average daily balance
$2,500
$2,500
$5,000
$2,500
$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 wll be charged for each debit transaction in excess of six during a monthly statement cycle.

Personal Savings                                    

   
  • Minimum opening deposit
  • Minimum daily balance to avoid quarterly maintenance charge
  • Minimum average daily balance for the quarter to avoid quarterly maintenance charge
  • Minimum daily balance to obtain annual percentage yield (APY)
  • Quarterly maintenance charge for less than minimum or average daily balance for the quarter  
$500
$500
$750
 
$500
$10 per quarter  
Limited to six preauthorized withdrawals, automatic or telephonic transfters, 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
  • Minimum daily balance to avoid maintenance charge
  • Minimum average daily balance to avoid maintenance charge
  • Monthly maintenance charge for less than minimum or average daily balance
$200
$2,500
$5,000
$15 per month, plus additional $0.25 for each debit

Business Interest Checking

   
  • Minimum opening deposit
  • Minimum daily balance to avoid maintenance charge
  • Minimum average daily balance to avoid maintenance charge
  • Minimum daily balance to obtain annual percentage yield (APY)
  • Monthly maintenance charge for less than minimum or average daily balance
$5,000
$5,000
$7,500
$5,000
$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
  • Minimum daily balance to avoid maintenance charge
  • Minimum average daily balance to avoid maintenance charge
  • Minimum daily balance to obtain annual percentage yield (APY)
  • Monthhly maintenance charge for less than minimum or average daily balance
$5,000
$5,000
$7,500
$5,000
$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
  • Minimum daily balance to avoid maintenance charge
  • Minimum average daily balance to avoid maintenance charge
  • Minimum daily balance to obtain annual percentage yield (APY) 
  • Monthly maintenance charge for less than minimum or average daily balance
$5,000
$5,000
$7,500
$5,000
$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
  • Minimum balance balance to avoid quarterly maintenance charge
  • Miniumum average daily balance for the quarter to avoid quarterly maintenance charge
  • Minimum daily balance to obtain annual percentage yield  (APY)
  • Quarterly maintenance charge for less than minimum or average daily balance for the quarter 
$1,000
$1,000
$1,500

$1,000
$15 per quarter
 
Limited to six preauthorized withdrawals, automatic or telephonic transfters, 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
  • Interest payment frequency
$2,500
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
  • Annual Maintenance Fee
  • Transfer Fee
  • Closing Fee
$500
$25
$25
$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 .