Savings, CDs, IRAs
Personal Savings Accounts
|
|
Superior Savings |
IRA Savings (Traditional or Roth Plans Available)** |
|
Description |
|
|
|
Minimum Balance to Open |
$100 |
$1,000 |
|
Minimum Balance Requirements |
$50 |
$1,000 |
|
Interest |
.2000% |
Variable |
|
Tiers |
No |
Yes |
|
Service Charge(Monthly) |
$2 if daily balance drops below the required Minimum balance |
n/a |
|
Other Benefits at No Cost |
|
|
Savings accounts are subject to the transfer and withdrawal limits set within Regulation D – No more than 6 per month.
Certificates of Deposit
|
|
Regular Terms Offered |
IRA Savings (Traditional or Roth Plans Available)** |
|
Description |
Time Deposits for 3 – 6 - 12- 18 – 24 - 36 & 60 months |
Time Deposits for 3 – 6 - 12- 18 – 24 - 36 & 60 months |
|
Minimum Balance to Open |
$1,000 |
$1,000 |
|
Interest |
Variable Rate of Interest – Cannot change during the term of the CD - Will be paid at Maturity for terms less than 12 months & Annually for terms of 12 months or greater. |
Variable Rate of Interest – Cannot change during the term of the CD - Will be paid at Maturity for terms less than 12 months & Annually for terms of 12 months or greater. |
|
Limitations |
Early Withdrawal Penalty of 91 days interest on terms less than 12 months & 182 days interest on terms 12 months or greater. |
Under the age of 59.5: Early Withdrawal Penalty of 91 days interest on terms less than 12 months & 182 days interest on terms 12 months or greater. |
