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All
savings accounts are sent statements quarterly and interest is compounded
quarterly and paid quarterly.
= Money Market-Bonus
= Statement Savings
= Medical Savings
= IRA Savings
= SIMPLE IRA Savings
Money Market-Bonus
- $500 minimum balance
- $10.00 charge and no interest paid if balance falls below $500
during the month
- $1.00 per item for 6 preauthorized withdrawals per month - no
withdrawals allowed by check, unlimited "in person" withdrawals
- Interest Rate paid on tiered balances
at the bank’s discretion.
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Statement Savings
- $100 minimum balance
- $5.00 charge and no interest paid if the balance falls below
$100 during the month
- $1.00 per item charge for each withdrawal over 6 per month (unlimited
“in person” withdrawals)
- Interest Rate is set at the bank’s discretion
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Medical Savings
- NO minimum balance
- NO charges
- Interest Rate is set at the bank’s discretion
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IRA Savings
- NO minimum balance
- NO charges
- Interest Rate is set at the bank’s discretion
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SIMPLE IRA Savings (For
those who have a SIMPLE IRA Plan with their employer)
- NO loss of principle
- NO minimum balance
- NO charges
- Interest Rate is set at the bank's discretion
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