Personal Investments

Personal Investments

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Personal Banking

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MMDA - Money Market Demand Account

At a Glance

Interest bearing account that can be accessed by checks (limits apply).

Features

	Variable interest paid on balances $2,500 and up.
	Interest compounded and paid monthly.
	Limited to 3 two-party checks per month.

Best For

Customers that want access to their savings without having come in personally to make a withdrawal.

Minimum Balance

Minimum Balance of $2,500 to receive MMDA interest rate.Passbook rate on balances of $1,000 - $2,500.No interest on balances that fall below $1,000.

Fee

$5.00 service charge on balances that fall below $1,000

	Certificates of Deposit, 90 Day, 6 Month, and 12 Month
At a Glance	Short term CD’s earn more than Passbook Savings without tying up your money for long terms.
Features	Interest can be compounded or paid by check.
Best For	Customers with $500 - $5000 that want to earn more on their money.
Minimum Balance	$500 Minimum Balance
Fee	Penalty for early withdrawal.

	Certificates of Deposit, 18 month, 24 month and 30 month
At a Glance	Long term CD’s that earn maximum rates.
Features	Interest can be compounded or paid by check.
Best For	Customers that have larger amounts to invest and have the ability to have the money tied up for longer periods of time.
Minimum Balance	$5,000 Minimum Balance
Fee	Penalty for early withdrawal.

	IRA - Individual Retirement Accounts
At a Glance	Savings accounts for those who are thinking about their retirement years.
Features	Amount of deposit for tax year could be tax deductible.
Best For	Customers who want to start now planning for the financial future.
Minimum Balance	No Minimum Balance
Fee	No service charges. Penalty for premature withdrawal.