With multiple personal checking plans to choose from, we offer flexibility in how you save.
Regular Savings
Basic savings with low fees and quarterly interest
Minimum Deposit
$100
Monthly Service Fees
$0 with balance of at least $100
$5 with balance below $100
Interest Earnings
Paid on all minimum deposit balances
Interest Compounded
Quarterly
Withdrawals Allowed
Up to 6 every 3 months
Excessive Transaction Fees
$5 per Excessive Transaction + $0.50 per debit item > 6 in statement cycle
Monthly Statements
Detailed quarterly statement
Silver Savings
Offers a special rate for balances of $500+
Minimum Deposit
$500
Monthly Service Fees
$3 with balance below $500
$5 with balance below $100
Interest Earnings
Special rate paid on balances at least $500, regular rate for lower balances
Interest Compounded
Quarterly
Withdrawals Allowed
-
Excessive Transaction Fees
$5 per Excessive Transaction
Monthly Statements
Detailed quarterly statement
Rainbow Savings
Small opening deposit but has a $25 hold
Minimum Deposit
$25
Monthly Service Fees
$3 maintenance fee
Interest Earnings
Paid if daily balance is $100 or more each day during statement cycle
Interest Compounded
Quarterly
Withdrawals Allowed
Up to 6 every 3 months
Excessive Transaction Fees
$5 per Excessive Transaction + $0.50 per debit item > 6 in statement cycle
Monthly Statements
Detailed quarterly statement
Money Market
Best for higher balances due to tiered interest
Minimum Deposit
$1,500
Monthly Service Fees
$0 with balance of at least $1500
$7 with balance below $1500
Interest Earnings
Tiered rates for balances of $500+
Interest Compounded
Monthly
Withdrawals Allowed
-
Excessive Transaction Fees
$5 per Excessive Transaction
Monthly Statements
Detailed monthly statement
Christmas Savings
Funds available via check in early October
Minimum Deposit
$25
Monthly Service Fees
N/A
Interest Earnings
Special stated rate
Interest Compounded
Annually
Withdrawals Allowed
No limit on deposits
Excessive Transaction Fees
N/A
Monthly Statements
-
RULES REGARDING NUMBER OF TRANSACTIONS
The following information applies to all savings and money market accounts.
Unlimited Transactions
The following transactions may be completed—free of charge—an unlimited number of times per month/statement cycle (of up to four weeks):
- automatic or preauthorized transfers or withdrawals for the purpose of repaying loans held at the same institution
- transfers or withdrawals made by mail, messenger, automated teller machine, or in person to another account of the same depositor at the same institution
- withdrawals initiated by telephone provided the funds are distributed by way of a check mailed to the depositor
Limited Transactions
The following transactions are limited to six (6) per month or statement cycle without incurring fees. Though you may complete transactions in excess of the limit, there is a cost of $5.00 for each additional transfer or withdrawal on this list:
- transfers or withdrawals by way of check, draft, debit card, or similar order made payable to a third party
- transfers or withdrawals to another account of the same depositor at the same institution or a third party, if made by way of a preauthorized transfer, automatic transfer, by telephone, including fax, or with the institution's home or internet banking service
