Available Investment Accounts
| Money Market | Super Money Market | Passbook Savings | IRAs | CDs | |
|---|---|---|---|---|---|
| Requirements | $2,500 minimum deposit to open $2,500 minimum balance to avoid service charge | $25,000 minimum deposit to open account $2,500 minimum balance to avoid service charge | $100 minimum deposit to open $100 minimum balance to avoid service charges | $1,000 minimum deposit to open | $1,000 minimum deposit to open |
| Benefits | Interested compounded and credited monthly | Interest compounded and credited monthly Method of computation: Daily Balance Club Account available | Method of computation: Daily Balance Interest credited: Quarterly Interest will be compounded: Quarterly | Interest compounded quarterly Method of computation: Daily Balance See interest rate schedule | Method of computation: Daily Balance Interest paid quarterly or as agreed upon |
| Cost | $10 monthly service charge if balance falls below $2,500 Club account service charge of $8, $9 or $10 depending upon amount of insurance selected A debit fee of $5 charged for each debit in excess of six during a statement cycle | $10 monthly service charge if balance falls below $2,500 Club account service charge of $8, $9 or $10 depending upon amount of insurance selected A debit fee of $5 charged for each debit in excess of six during a statement cycle | Account maintenance fee of $3 per month if minimum daily balance falls below $100 Excessive withdrawal fee of $3 per withdrawal over three per month Service Charges will be deducted monthly | Early Withdrawal Penalties may apply | Early withdrawal penalties may apply |
| Limitations | See Below * | See Below * | See Below * | X | X |
Money Market
Requirements
$2,500 minimum deposit to open
$2,500 minimum balance to avoid service charge
$2,500 minimum balance to avoid service charge
Benefits
Interested compounded and credited monthly
Method of computation: Daily Balance
Club Account available
Cost
$10 monthly service charge if balance falls below $2,500
Club account service charge of $8, $9 or $10 depending upon amount of insurance selected
A debit fee of $5 charged for each debit in excess of six during a statement cycle
Club account service charge of $8, $9 or $10 depending upon amount of insurance selected
A debit fee of $5 charged for each debit in excess of six during a statement cycle
Limitations
See Below *
Super Money Market
Requirements
$25,000 minimum deposit to open account
$2,500 minimum balance to avoid service charge
$2,500 minimum balance to avoid service charge
Benefits
Interest compounded and credited monthly
Method of computation: Daily Balance
Club Account available
Method of computation: Daily Balance
Club Account available
Cost
$10 monthly service charge if balance falls below $2,500
Club account service charge of $8, $9 or $10 depending upon amount of insurance selected
A debit fee of $5 charged for each debit in excess of six during a statement cycle
Club account service charge of $8, $9 or $10 depending upon amount of insurance selected
A debit fee of $5 charged for each debit in excess of six during a statement cycle
Limitations
See Below *
Passbook Savings
Requirements
$100 minimum deposit to open
$100 minimum balance to avoid service charges
$100 minimum balance to avoid service charges
Benefits
Method of computation: Daily Balance
Interest credited: Quarterly
Interest will be compounded: Quarterly
Interest credited: Quarterly
Interest will be compounded: Quarterly
Cost
Account maintenance fee of $3 per month if minimum daily balance falls below $100
Excessive withdrawal fee of $3 per withdrawal over three per month
Service Charges will be deducted monthly
Excessive withdrawal fee of $3 per withdrawal over three per month
Service Charges will be deducted monthly
Limitations
See Below *
IRAs
Requirements
$1,000 minimum deposit to open
Benefits
Interest compounded quarterly
Method of computation: Daily Balance
See interest rate schedule
Method of computation: Daily Balance
See interest rate schedule
Cost
Early Withdrawal Penalties may apply
Limitations
X
CDs
Requirements
$1,000 minimum deposit to open
Benefits
Method of computation: Daily Balance
Interest paid quarterly or as agreed upon
Interest paid quarterly or as agreed upon
Cost
Early withdrawal penalties may apply
Limitations
X
*You may make six (6) transfers from your account each four (4) week or similar period, If by pre authorized or automatic transfer, or telephone (including data transmission) agreement, order or instruction or by check, draft, debit card or similar order (Including POS transactions), made by the depositor and payable to third parties. Transfers and withdrawals made in person, by messenger, by mail or at an ATM are unlimited.
