Personal Savings

REGULAR SAVINGS ACCOUNT

For a low opening balance, Regular Savings Accounts offer adults 18 and over the perfect way to save. As a statement account, there is no need to keep up with a passbook.

• Accounts may be opened with a deposit of $100.
• The monthly maintenance fee is $3 if the balance in the account falls below $100 any day of the month.
• A statement of activities is provided quarterly. Monthly statements are provided for accounts with electronic fund transfer activity.
• Transfers from a Regular Savings account to another account or to third parties by preauthorized, automatic, or telephone transfer or point-of-sale are limited to three per month.
• The interest rate may vary with changes in market conditions.

FIRST SAVINGS ACCOUNT

This account is for minor customers 17 years of age or under and is the ideal way to help children develop the wonderful habit of regular saving.

• Accounts may be opened with a deposit of $10 or more.
• Access to your First Savings Account by ATM is not permitted.
• A statement of activities is provided quarterly. Monthly statements are provided for accounts with electronic fund transfer activity.
• Transfers from a First Savings account to another account or to third parties by preauthorized, automatic, or telephone transfer are limited to three per month.
• The interest rate may vary with changes in market conditions.

REGULAR MERCHANT SERVICES ACCOUNT

This is a small business merchant account service. Transaction Rates paid are attractive current market rates.

• Merchant ccount may be opened with no deposit.
• A maintenance fee of $10 will be imposed every statement cycle unless you process in credit cards either a minimum daily balance of $1,000, or a minimum average daily balance of $5,000.
• A statement of activities is provided monthly.
• The Regular Merchant Services account holder is permitted by Federal Law to make no more than six preauthorized or automatic transfers per statement cycle. No more than three third-party checks or automatic debits or point-of-sale withdrawals (which are considered to be preauthorized transfers) may post to your account each statement period. Telephone and MSB Online transfers are considered to be automatic transfers. You may make an unlimited number of withdrawals from your Regular Money Market account in person, by mail, by messenger, ATM or by telephone if the withdrawal is mailed to you by check.  Merchant Accounts are underwritten by:  Merchant Processor, High Risk Account, Or Merchants LLC.
• The interest rate may vary with changes in market conditions.

HIGH PERFORMANCE FUND ACCOUNT

This is an interest bearing savings account designed for higher balances and is available to individuals and sole proprietorships. The rates offered here are higher than regular money market rates.

• Account may be opened with $10,000 or more.
• No monthly maintenance fee.
• A statement of activities is provided monthly.
• Our Regular Savings interest rate is applied each day the balance is below $10,000.
• Transfers from a High Performance Fund account to another account are limited to three per statement cycle.
• Access to your High Performance Fund by ATM or Visa® Check Card is not permitted.
• The interest rate may vary with changes in market conditions.