Checking Accounts
Value Checking (62 years or older) | Premium Checking | Reward Checking | Simple Checking | Minimum Balance | None | $1,000 or 10,000 combined monthly average in DDA, Savings & CDs | None | None |
|---|---|---|---|---|
Monthly
Service Charge | No monthly
service fee | $10 if balance drops below the minimum balance requirements | No service charge when you sign up for e-statements and have at least 10 debit card purchases posted during the statement cycle. $5 per month if criteria is not met | No service charge when you sign up for e-statements. $2 a month if not signed up for e-statements |
Rates | No interest rate is paid on this account | Yes, variable interest rate. Premium Checking rate is subject to change | The Reward credit is calculated at .25% of the total point of sale debit card transactions posted to the account between the first and last business day of the month. Reward credit percentage rate is subject to change. | No interest rate is paid on this account |
Monthly Statement | Mailed to customer with check images included | Mailed to customer with check images included | No | No |
Checks Provided | Standard checks are free | Standard checks are free | No | No |
All Accounts are eligible for Free Online Banking with unlimited Bill Pay, and money moving features.
*Reward Checking – The reward credit will be deposited on the last banking business day each month in which all minimum requirements are met. Minimum ten (10) POS debit card transactions are required AND opt-in to e statements.
**Value Checking Account - Must be age 62 or older to open.
Types of Saving Accounts
Money Market Account | Super Saver Account | Simple Savings Account | Minimum Opening Balance | $5,000 | $1,000 | No minimum to open |
|---|---|---|---|
Minimum Balance to Earn Interest | $5,000 | $1,000 | $1 |
When is Interest Paid | Interest will be compounded and credited to your account every month | Interest will be compounded and credited to your account every month | Interest will be compounded and credited to your account 6 months |
How is Interest Paid | Variable interest rate, tiered based on daily balance | Variable interest rate, tiered based on daily balance | Variable interest rate |
Minimum to Avoid Fee | $5,000 | No minimum | No minimum |
Monthly Fee | $10 if monthly balance falls below $5,000 | If account balance falls below $1,000, interest is not paid | No monthly fee |
Transaction Limit | A service fee of $5 will be charged for each debit transaction (withdrawal, check paid, automatic transfer, or payment out of this account) in excess of 6 during a month | A service fee of $5 will be charged for each debit transaction (withdrawal, check paid, automatic transfer, or payment out of this account) in excess of 6 during a month | A service fee of $1 will be charged for each debit transaction (withdrawal, check paid, automatic transfer, or payment out of this account) in excess of 6 during a month |
To open an individual account, you will need one of each, primary and secondary forms of identification.
Primary
- Unexpired driver’s License bearing the individuals photograph
- Unexpired passport bearing the individuals photograph
- Unexpired State Photo identification card
- Current Military Identification Card
- Alien Registration card
- Certified copy of birth certificate for persons 16 or younger unable to present other acceptable documents and a student ID card
Secondary
- Social Security Card
- Medicare, Medicaid or other insurance card
- Voter Registration Card
- Property Tax Bill
- Major Credit Card
- Matricula Consular Card (Mexican National ID Card)
The Patriot Act
Important Information About Procedures for Opening a New Account
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: when you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your unexpired driver’s license or other identifying documents.
EACH time an account is open for a covered Legal Entity, we are required to ask you for identifying information (name, address, date of birth, social security number as well as identification documents) for:
Each individual that has beneficial ownership (25% or more); and, One individual that has significant managerial control, of the legal Entity
If you are opening an account on behalf of a Legal Entity, you will be required to provide that appropriate documentation and to certify that this information is true and accurate to the best of your knowledge.