Products & Services Checking & Savings Accounts

Basic Checking Account

This account is a non-interest bearing account. A $300.00 average daily minimum balance is required to open this account and if the average daily balance falls below this balance a $5.00 fee will be charged (one charge per monthly statement cycle). The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. The minimum balance service charge is waived for students (K-12) and customers 60 and older.

Free-E Checking Account

Enrollment in internet banking is required. These account types have no monthly service charges and no minimum balance requirements. Customers do, however, pay for their own checks. No paper statements will be mailed. Customers will receive their statements in their internet banking account during their normal statement cycle.

Founders Club Checking Account

There is no minimum balance requirement for this account and standard personal checks are included in the package along with an accidental death and dismemberment insurance policy (3 different insurance tiers), free money orders and a minimum balance automatic transfer (with an active savings or checking account). A monthly fee of $6.00 ($5.00 for 60 years and older) is required. Services charges will vary depending on insurance tier.

Premium Checking Account

A minimum $500 balance is required to open this account that will accrue interest daily on the current balance. The interest rate and annual percentage yield may change and is at the discretion of the bank. Interest begins to accrue on the day of deposit and the daily balance method is used to calculate the interest on your account. A service charge of $5.00 will be imposed each statement cycle if the balance falls below $500.00 any day during the cycle.

Founders Club Premium Account

A minimum $500 balance is required to open this account that will accrue interest daily on the current balance. A service charge of $5.00 will be imposed each statement cycle if the balance falls below $500.00 any day during the cycle. The interest rate and annual percentage yield may change and is at the discretion of the bank. Like the Founders Club above, this account features standard personal checks, accidental death and dismemberment insurance, free money orders and a minimum balance automatic transfer (with an active savings or checking account) to cover overdrafts all for $6 per month ($5 for 60 years and older). Services charges will vary depending on insurance tier.

Investors Fund Account

A minimum $1000 balance is required to open this account that will accrue interest daily on the current balance. The interest rate and annual percentage yield may change and is at the discretion of the bank. A service charge of $5 will be imposed each statement cycle if the balance falls below the minimum. During any calendar month, you may not take more than six withdrawals or transfers to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction, or by check, draft, debit card or similar order to a third party. This is a Money Market Account and subject to regulation as such.

Investors Gold Account

This account is similar to the Investor Fund Account above but requires a Minimum of $10,000 to qualify for the stated rate. A $10 fee is imposed each statement cycle that the balance falls below the minimum on any day during the cycle. During any calendar month, you may not take more than six withdrawals or transfers to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction, or by check, draft, debit card or similar order to a third party. This is a Money Market Account and subject to regulation as such.

Health Savings Account

A Health Savings Account is designed to help you cover medical expenses or the deductible portion of any health insurance claim. It works like a checking account with the added benefit that each deposit is tax deductible. The funds can then be used for any medical expense to include medicine, doctor’s visits or other health related expenses. There are specific eligibility requirements, so please check with your tax professional before you establish the account.

Savings Account

This is a basic savings account with a minimum balance of just $50 and this minimum is waived for students (under 18) and seniors (60 years and older). The interest rate is variable and at the discretion of the bank with interest accrued daily and paid quarterly. A $5.00 fee will be imposed each statement cycle that the average minimum balance falls below $50.00.

Free-E Savings Account

Enrollment in internet banking is required. These account types have no monthly service charges and no minimum balance requirements. The interest rate is variable and at the discretion of the bank with interest accrued daily and paid quarterly. Customers will receive their statements in their internet banking account during their normal statement cycle.

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