*PLEASE NOTE ACCOUNT AND FEE INFORMATION IS EFFECTIVE JANUARY 1, 2008. FOR CURRENT ACCOUNT AND FEE INFORMATION PLEASE CONTACT ONE OF OUR BANK LOCATIONS. 

 

Please see full TIS Disclosure for all account details. 

 

REGULAR SAVINGS ACCOUNT 

 

Minimum Opening Deposit $100.00  

 

Interest will be compounded semi-annually and will be credited to the account semi-annually. (Interest paid monthly on a single-system savings account with a checking account).  

 

Interest rate is variable and is posted in the bank lobby. 

 

$3.00 for each debit transaction over 10 per month.. 

 

Statement mailed semi-annually. (Statement mailed monthly if you have a single-system savings account.)  

 

There will be a $2.00 minimum monthly balance fee if your average daily balance falls below $100.00. (fees waived for account holders age 22 or under)  

 

You may elect to authorize an automatic savings transfer to your checking account. In the event that a check(s) would overdraw your checking account, this savings account would transfer in $100.00 increments to your checking account and there would be a $3.00 charge per day.  

 

Returned check/deposited item: $5.00 per check or item. 

 

CHRISTMAS CLUB SAVINGS 

 

Minimum Opening Deposit $10.00 

 

Automatic transfer from checking on weekly, bi-weekly, semi-monthly or monthly intervals to this savings account. Interest will be compounded monthly and will be credited to the account monthly. In November all funds in this account will be transferred to the checking account. 

 

FRIENDSHIP CLUB SAVINGS  

 

Minimum Opening Deposit $1,500.00 

 

There will be a $2.00 monthly minimum balance fee if your average daily balance falls below $100.00. 

 

Available to anyone 50 years of age who maintains ONE OF THE FOLLOWING: 

A minimum balance of $1,500.00 in the Friendship Club Savings Account (variable rate)...or… a certificate of deposit(s) of $10,000.00 or more. 

 

You receive free travelers checks, money orders (up to 5 free per statement cycle), photocopies, notary services and a discount on your safe deposit box rental fee. 

Please contact our Friendship Club Director for more information on club benefits. 

 

Returned check/deposited item: $5.00 per check or item. 

 

TIME CERTIFICATES OF DEPOSIT 

 

Competitive interest rates and terms are posted in the bank lobby and on the bank's disclosure statement. Interest rates are guaranteed for the term of the certificate. Certificate can be automatically renewed on its maturity date at the current SSB yield and at the term stated on the certificate. Substantial penalty for early withdrawal. 

 

INDIVIDUAL RETIREMENT ACCOUNTS 

 

Open an account and receive an annual statement showing your deposits and earnings. You have a chioce of a fixed annual interest rate or a variable interest rate. Substantial interest and tax penalty for withdrawal. Withdrawals other than the required distribution may be subject to a $60.00 fee. 

 

Additional $250,000.00 FDIC insurance on certain IRA accounts. 

 

FEDERAL REGULATIONS GOVERNING SAVINGS & MONEY MARKET TRANSACTION LITMITATIONS 

You may make six (6) transfers from your account during any month or statement cycle of at least four (4) weeks, if by preauthorized or automatic transfer, internet banking transfer, Telebanking transfer, or telephone transfer. Transfers and withdrawals made in person, by messenger, by mail or at an ATM are unlimited. ATM transactions at non-SSB ATMs are limited to six (6) per statement cycle without charge.