Deposit limitations – You make an unlimited number of deposits into your account. The minimum amount you can deposit is $1.00.
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 the dollar amount of your choice per week for 50 weeks beginning in November of each year.
Interest is accrued at the passbook account rate and is paid at maturity.
Checks are issued in mid-October, just in time to Christmas shop!
Passbook Savings Account
Minimum balance: None
Interest: Compounded quarterly. Credited quarterly. Call us for our rates.
CD’s
Range in maturity: 3 months to 5 years
Automatically renewed
Anyone can open a Certificate of Deposit (CD)
Opening Balance: $500
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 six 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.