The passbook savings account is a traditional savings account that a passbook is issued at account opening. The passbook is required to be present anytime you wish to make a withdrawal. If the book is not present, you may be asked to provide it before the withdrawal can occur. Direct deposits are accepted on these accounts but automatic withdrawals are not. This is a great security feature as your funds are safe from electronic withdrawals.
The Christmas Club savings account is a great way to save throughout the year for all your gift giving needs. This account will remain open each year after the check is issued as long as a deposit is made to the account prior to the close of business on December 31 of each year.
The statement savings account is different from the Super passbook and passbook accounts in that it does not have a book issued with it. Instead, monthly statements are mailed if there has been activity on the account; if there has not been activity on the account, a quarterly statement will be issued instead of the monthly statement. This account is also a tiered account. In order to earn the highest interest rate you must have $2,500 or more in the account. If the balance is between $500.00 and $2,499.99, the account will earn the checking account rate. If the account balance falls below $500.00 the account earns no interest. There is a limit of 6 electronic/automatic withdrawals on this account and internet banking transfers count toward the 6 transfers. The only exception to this rule is if the transfer is being made to your loan payment.
The passbook savings account is a traditional savings account that a passbook is issued at account opening. The passbook is required to be present anytime you wish to make a withdrawal. If the book is not present, you may be asked to provide it before the withdrawal can occur. Direct deposits are accepted on these accounts but automatic withdrawals are not. This is a great security feature as your funds are safe from electronic withdrawals. The super passbook account is a tiered account, so in order to earn the highest interest rate possible, you must maintain a balance of $2,500.00. If your account falls below this rate it will earn the checking account rate until the balance is at or above $2500.00.
Each depositor insured to at least $250,000.00 by FDIC.
For more information about FDIC insurance coverage of accounts, visit www.fdic.gov.
Deposit Rates are subject to change. For current rates call 419-238-9662 or view Rates on our web site.