Statement Savings

Take advantage of the following benefits with your Statement Savings Account:

• Direct Deposit
  
  
• Account access through our 24-hour Telebanker and B@ncLink
  
  
• Interest-bearing Vacation and Christmas Club accounts
  
  
• A minimum of $100 is required to open this account
  
  

Rate Information:  

This account is an interest bearing account. Click here to view the the annual percentage rate for this product.

Balance Information:  

We use the daily balance method to calculate the interest on the account.  This method applies a daily periodic rate to the principle in the account each day.  You must maintain a minimum average daily balance of $100.00 to obtain the disclosed annual percentage yield.  The average daily balance is calculated by adding the principle in the account for each day of the period and dividing that figure by the number of days in the period.

Limitations:  

You may make six (6) transfers from your account each four (4) week or similar period, if by preauthorized or automatic transfer, or telephone (including data transmission) agreement, order or instruction.  Three (3) of these transfers may be made 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.

Account Fees:  

A service charge fee of $1.50 will be charged per month for the statement cycle if the balance in the account falls below $200.00 any day of the cycle.  There is no minimum balance service charge fee for the first year, and there is no charge to minors.   Three (3) withdrawals per statement cycle may be made without charge, additional withdrawals will be assessed an excess withdrawal fee of $1.00 each.  If the account is closed within 30 days of opening, a $5.00 closing fee will be assessed.

Click here to view any Other Account Fees