Interest Bearing Accounts

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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 institution to obtain, verify, and record information that identifies each person who opens an account.

What this means for you: When you come to the bank to open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We will also ask to see your driver’s license or other identifying documents.


Savings Account*

  • Minimum to open: $300.00
  • Quarterly minimum balance fee:
    – Minimum balance $300.00 and over:   No Fee
    – Minimum balance under $300.00:   $7.50 per quarter
  • 3 free withdrawals per month, thereafter $5.00 each withdrawal.
  • Limit of 6 withdrawals per month.

(Interest Computation: Interest is credited to the account quarterly. The interest rate is variable and subject to change without notice. We use the  daily balance method to calculate interest. Interest begins to accrue on the business day you deposit cash or non-cash items- for example, checks.)


Minors Savings Account * (under age 21) (UTMA)

  • Minimum to open: $25.00
  • Minimum balance fee: No Fee
  • 3 free withdrawals per month, thereafter $5.00 each withdrawal.
  • Limit of 6 withdrawals per month.

(Interest Computation: Interest is credited to the account quarterly.)


NOW Personal

  • Minimum to open: $1,500.00
  • Monthly balance fee:
    – Minimum balance $1,500.00 and over:   No Fee
    – Minimum balance under $1,500.00:  $10.00
       (Also no daily interest accrued)
  • Unlimited check writing
  • Unlimited transactions
  • Free MasterCard Debit Card with no annual fee
  • Free online banking
  • Free online bill pay

(Interest Computation: Interest is credited to the account monthly.)


Money Market Personal*

  • Minimum to open: $2,500.00
  • Minimum balance fee:
    – Minimum balance $2,500.00 and over: No Fee
    – Minimum balance under $2,500.00: $10.00  
       (Also no daily interest accrued)
    – Free MasterCard Debit Card with no annual fee
    – Free online banking
    – Free online bill pay

(Interest Computation: Interest is credited to the account monthly.)


Maximizer Checking Plus

This is a Relationship Account which requires a Maximizer Money Market Premium Account (below).

  • Minimum to open: $1,500.00
  • Tiered Rate Account
  • Two orders of personalized checks per year
  • Unlimited check writing
  • Unlimited transactions
  • Free MasterCard Debit Card with no annual fee
  • Free online banking
  • Free online bill pay

Must maintain a $4,000.00 combined minimum balance between the Maximizer Checking Plus and the Maximizer Money Market Premium to avoid service charge.

Fees:
If the combined balance drops below $4,000.00,  a monthly fee of $25.00 will be charged to the Maximizer Checking Plus account.  

Restrictions:
No Daily interest accrual on balances less than $1,500.00.
Restricted to Individuals and Non Profits Only.
No Business Accounts (including DBAs, Partnerships, LLCs & Corporations)


Maximizer Money Market Premium

This is a relationship Account which requires a Maximizer Checking Plus Account (above).

  • Minimum to open: $2,500.00
  • Tiered Rate Account
  • Limited to 6 withdrawals per month.    

Must maintain a $4,000.00 combined minimum balance between the Maximizer Checking Plus and the Maximizer Money Market Premium to avoid service charge.

Fees:
If the combined balance drops below $4,000.00 a monthly fee of $25.00 will be charged to the Maximizer Checking Plus account.

Restrictions:
No daily interest accrual on balances less than $2,500.00. 
Restricted to Individuals and Non-Profits Only.
No Business Accounts (including DBAs, Partnerships, LLCs & Corporations)

Call 409-763-1271 for current rate information.

*Withdrawals: (All money market and savings accounts.) Federal regulation limits the number of withdrawals. Depositor may make no more than 6 preauthorized withdrawals -including but not limited to withdrawals made by ACH, telephone, wire, check, draft, debit card or similar order (including POS -transactions) each statement cycle. This limitation does not apply to ATM, over-the-counter, mail or messenger transactions.