A savings account especially for kids. Monthly drawings and toys for deposits.

Certificates of Deposit

Time deposits earn various fixed rates according to the specific term of the certificate. Minimum amount to open a regular certificate of deposit is $ 500. Interest is compounded annually and can be credited to the customer's account of choice; checking, savings, or money market on a monthly basis or upon maturity. Maturities are available from 3 months to 5 years. Call us for the latest available rate information. Withdrawals are subject to early withdrawal penalties.

IRAs - Individual Retirement Accounts

A special savings account specifically intended for accumulating tax-deferred savings until one's retirement years. Annual contributions to IRA accounts are limited to 100 % of eligble compensation, not to exceed $4,000 per year (up to $2,000 per spouse). New laws may allow even greater contributionas in some situations. IRA contributions are tax deductible, if the accountholder satisfies the conditions set forth in the tax laws, therefore the accountholder should always consult with his/her tax advisor as to such deductibility.

Minimum deposit to "open" an IRA passbook savings account is $ 250. Additional deposits throughout the year may be at any amount. There are no "opening" charges or annual fees. IRA passbook savings accounts earn interest at a variable rate equivilant to the rate of a 6 month certificate of deposit. Interest is compounded and credited to the account quarterly.

Minimum deposit to "open" an IRA certificate of deposit savings is $ 1,000. Certificate are available in maturity terms of 3 months to 5 years. There are no "opening" charges or annual fees. IRA certificate of deposit savings accounts earn interest at competitive rates. Interest is compounded annually and will be credited to the account at maturity. Call us for the latest available rate information.