Savings/CD's
No matter what your savings needs, our choices can help your money grow. From low-minimum traditional savings accounts to special tiered-rate money market options, we have the right combination of flexibility and benefits to make your money work more.
Personal Tiered Money Market Account
You’ll love the benefits of our Progressive Money Market Account, which rewards your higher balances with a tiered interest rate. So the higher your balance, the more interest you earn. The chart below shows the tiers for the different interest rates. Contact a customer service professional for the current interest rates and annual percentage yields on this account.
$0.00 |
- |
$4,999.99 |
$5,000 |
- |
$24,999.99 |
$25,000 |
- |
$49,999.99 |
$50,000 |
- |
$99,999.99 |
$100,000 and above |
Other features of this account include:
- No monthly service charge on this account when you maintain a minimum daily balance of $1000.
- If the balance drops below $1000, there is a monthly fee of $7.00
- Allows six (6) pre-authorized transfers including Point-of-Sale (POS) transactions or checks written to third parties. Additional transfers are $5.00 each.
Business Tiered Money Market Account
Put your company’s excess cash to work for you! Our Business Tiered Money Market Account rewards higher balances with a tiered interest rate. So the higher your balance, the more interest you earn. The chart below shows the tiers for the different interest rates. Contact a customer service professional for the current interest rates and annual percentage yields on this account.
$0.00 |
- |
$4,999.99 |
$5,000 |
- |
$24,999.99 |
$25,000 |
- |
$49,999.99 |
$50,000 |
- |
$99,999.99 |
$100,000 and above |
Other features of this account include:
- No monthly service charge on this account when you maintain a minimum daily balance of $1000.
- If the balance drops below $1000, there is a monthly fee of $7.00
- Allows six (6) withdrawals per monthly statement period. Additional withdrawals are $5.00 each.
Regular Statement Savings Account
This all-purpose savings account makes savings easy for individuals, businesses, corporations and organizations.
- No monthly service charge
- Three (3) withdrawals per semi-annual statement period are allowed
- A fee of $2 per withdrawal will be incurred for any withdrawal over 3 per statement cycle
- Earn the current statement savings rate
- Minimum opening deposit of $100 ($25 for minors, students, clubs or churches)
- A fee of $25 will be incurred if the account is closed within 90 days of opening the account
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Christmas Club Savings Account
The smart way to plan ahead for the holidays! Make deposits when you wish, or let us set up transfers from your checking account.
- No monthly service charge
- Allows 1 withdrawal free of charge per year
- Excess withdrawals are $5 each
- Account balance is sent to you in October, just in time for holiday expenses
- Earn the current savings rate
- Minimum opening deposit of $100 ($25 for minors, students, clubs or churches)
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Certificates of Deposit
This is a great savings tool that allows you to invest for longer periods of time and earn higher rates of interest. We have a variety of CDs from which to choose. With maturities of 91 days to 60 months, we offer competitive interest rates and a low opening deposit requirement of only $250. Tell us how you want your interest paid - monthly, quarterly, semiannually, annually, or at maturity. The interest rate varies according to the term of the certificate. There is a penalty for early withdrawal.
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Coverdell Education Savings Account
If you're looking for an easy way to begin saving for future educational expenses, then the Coverdell Education Savings Account is the right tool for you. You can contribute up to $2,000 per year for each child and the money can be withdrawn tax-free to pay for tuition, room, board, books, fees, supplies, and equipment needed for higher education. Open an Coverdell Education Savings Account with as little as $250 and select the term for you - from 91 days to 60 months. (The interest rate is based on the term you select.)
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SEP IRA
A Simplified Employee Pension Plan (SEP) is a retirement plan designed for small businesses, professionals, and the self-employed. Employer contributions are fully deductible as a business expense and contributions to the SEP can be made beyond age 70 1/2. The SEP contribution limit is large. Consult your tax advisor for more information.
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Simple IRA
This IRA is a newly created salary deferral plan for employers with 100 or fewer employees. The employer and employee deferrals may vary. The employer deferral may not exceed $6,000 for any year. There is no limit on employee deferral percentages. Consult your tax advisor for more information.
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Traditional IRA
This individual retirement account helps you save for your retirement while offering tax relief on earned income today. Taxes on the interest your account earns is deferred until you begin making withdrawals. With as little as $250, you can begin saving for your retirement. The interest rate is based on the term you select, from 91 days to 60 months. Consult your tax advisor for deductibility of funds.
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Roth IRA
This non-deductible IRA allows you to use after-tax dollars to save for retirement. Your money will grow and may be withdrawn income tax-free and penalty-free. Eligible participants include single people with income less than $95,000 per year and married couples with joint income of less than $150,000 per year. You can open this account with as little as $250. The interest rate is based on the term you select, from 91 days to 60 months.
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