|
At
a glance
|
Best
For
|
Features
|
Minimum
Balance
|
Fees
|
| Hometown
Choice Investment Account |
|
•
High interest
•
Easy access
|
Anyone
who wants the convenience of a savings account with CD interest
rates
|
•
Tiered interest rates (*)
•
Limited transfers
•
Transfers must be to another FNBB account
•
Monthly statement
|
$10,000
minimum opening balance
|
No
monthly maintenance charge and three (3) monthly transfers per
cycle are included if the daily balance is $10,000 or
more. In house
transfers in excess of three (3) per statement cycle are $15 each.
If the daily balance falls below $10,000 during the cycle,
there is a $25 monthly maintenance charge.
|
| Passbook
Savings |
|
•
Interest bearing
|
Anyone
who wants to earn interest with minimum restrictions
|
•
Interest bearing (*)
•
Passbook
• Low
minimum balance requirement
|
$100
minimum to open
(on
days that the balance falls below $200, no interest is accrued)
|
No
quarterly maintenance charge. **Six (6) debits per cycle are included if the daily
balance is $200 or more. If
the daily balance falls below $200 during the cycle, there is a
$7.50 quarterly maintenance charge and all debits are $1.50 each.
|
| Minor
Passbook Savings |
|
•
Interest bearing |
Anyone
who is under age eighteen (18)
|
•
Interest bearing (*)
•
Passbook
• No
monthly minimum balance requirements
|
No
minimum balance to open
|
No
monthly maintenance charges.**
|
| Statement
Savings |
|
•
Interest bearing
|
Anyone
who wants to earn interest with minimum restrictions
|
•
Interest bearing (*)
•
Monthly statements
•
Free ATM usage at our location
• Low
minimum balance requirement
|
$100
minimum opening balance
(on
days that the balance falls below $300, no interest is accrued)
|
No
monthly maintenance charge. **Six (6) debits per cycle are included if the daily
balance is $300 or more. If
the daily balance falls below $300 during the cycle, there is a
$5.00 monthly maintenance charge and all debits are $1.50 each.
ATM withdrawals are considered debits.
|
| Super
Statement Savings |
|
•
Interest bearing
|
Anyone
who keeps a high balance in their savings account
|
•
Tiered interest rates (*)
•
Monthly statements
|
$2,500
minimum opening balance
|
No
monthly maintenance charge if the daily balance is $2,500 or more.
If the balance falls below $2,500 during the cycle, there
is a $10 maintenance charge.
|
| Certificates
of Deposit |
|
•
Interest bearing
|
Anyone
who wants to earn a higher rate of interest for a set term
|
•
Tiered interest rates
•
Terms of three (3) months to five (5) years available
•
Interest begins to accrue on non cash items the business day the
bank receives the deposit. Interest
may be paid or compounded monthly on terms of one (1) year or
more. Simple interest
on terms of less than one (1) year.
|
$1,000
minimum opening balance
|
Substantial
penalty for withdrawal prior to maturity.
|
| IRA
(Individual Retirement Account) |
|
Certificates
of Deposit
• Interest
bearing
|
Anyone
planning for their retirement
|
•
Tiered interest rates
•
Terms of one (1) year to (5) years available
•
Interest begins to accrue on non cash items the business days the
bank receives the deposit. Interest
is compounded monthly.
|
$1,000
minimum opening balance
|
Substantial
penalty for withdrawal prior to maturity on Certificates of
Deposit
Outgoing
transfers or roll-overs are subject to a documentation fee of $50
each.
|
|
------
or ------
Money
Market
•
Interest bearing
|
------
or ------
•
Interest bearing
•
Monthly statement
|
------
or ------
$250
minimum opening balance
|
