Regular Savings | Money Market | CDs | IRAs

This traditional account provides a slightly higher yield than regular savings with 90-day flexibility. The rate of interest is subject to change monthly at our discretion. Interest is compounded and credited to your account quarterly.  The bank shall, upon opening the account, issue to the depositor a record book which is to be maintained by the customer.

Depositor may make withdrawals by delivering to bank written Notice of Withdrawal, specifying the amount intended to be withdrawn, not less than ninety (90) days prior to the intended withdrawal date. Such notice shall relate only to funds on deposit at the time the notice is received by Bank and said notice is void and of no effect ten (10) days after the withdrawal date stipulated therein. Withdrawals from the account may also be made without prior notice on or within ten (10) days after each Quarterly Withdrawal Date (Feb. 1, May 1, Aug. 1 and Nov. 1), but such withdrawals shall be limited to amounts which have been on deposit and earned interest, since the last preceding quarterly withdrawal date, and with respect to which depositor has not given notice of withdrawal. Amounts not so withdrawn shall be deemed redeposited as of the quarterly withdrawal date. Note: Only funds deemed re-deposited will earn interest from the first withdrawal date stipulated therein.

Withdrawals made without proper notice or not made during the 10 days after each Quarterly Withdrawal date shall be subject to a 90 day interest penalty.