Savings, money market, and certificates of deposit

Rates are effective as of October 23, 2007. Rates can change daily, please contact customer service (Bank) for current rates. Fees can reduce earnings.

Whether you're thinking of buying a new home, saving money for your children's education, retirement, or some other reason to put a "little extra away" we have a savings solution for you.

Hometown Savings

• $100 minimum balance to open and $100 minimum daily balance to avoid monthly service charge of $3.00
• Interest earned on a daily basis when a minimum balance of $100 is maintained
• Interest is paid monthly by increasing balance in account
• Six free withdrawals or transfers from your account per month, after six there will be a $1.00 per transaction fee.

Prime Plus Money Market Savings

The account gives you the flexibility you need, pays higher than market interest rates and, best of all, every time the Prime Rate increases, the rate on your account increases by the same amount!

• Minimum opening deposit is $2,500
• Minimum balance of $2,500 avoids a monthly fee
• Six free withdrawals or transfers from your account per month, after six there will be a $1.00 per transaction fee.
• We offer a tiered plan so that the more you maintain on deposit the higher interest rate you earn.
• Click here for current interest rates.

MVP (Most Valuable Person) Savings

• Available to those age 18 or younger
• No monthly service, activity, or transaction fees apply
• No minimum balance to open or keep account active
• Six free withdrawals or transfers from your account per month, after six there will be a $1.00 per transaction fee.
• Interest earned on a daily basis w ith $100 minimum balance
• Interest is paid monthly by increasing balance in account
• Free gift for minor (gifts vary by age) when account is opened

High Yield Money Market Savings

We offer a tiered plan so that the more you deposit the higher interest rate you earn.
• Minimum opening deposit is $1,000
• Minimum balance of $1,000 avoids a monthly fee of $5
• Six free withdrawals or transfers from your account per month, after six there will be a $1.00 per transaction fee.
• We offer a tiered plan so that the more you maintain on deposit the higher interest rate you earn.
• Click here for current interest rates.

Individual Retirement Accounts

To contribute to a traditional IRA you must be under age 70.5 and have earned income from employment. You may contribute up to $4,000 per year per person. If you're over age 50 you may also contribute an additional $500 "catch up" per year.
• No annual fee applies
• Minimum $200 deposit to open account
• Various investment terms available
• Penalty for early withdrawal
• Termination fee of $10 applies
• FDIC Insured

Certificates of deposit

Certificates of deposit are savings vehicles that offer set interest rates for a fixed period of time. Generally, interest rates increase in relation to maturity. Interest rates are reviewed weekly.
• Minimum deposit of $1,000
• Rates are fixed with various maturity terms
• Automatic renewal available
• No early withdrawal penalty in event of death of owner or medical emergency. Substantial penalty applies for any other early withdrawal**
• We offer a tiered plan so that the more you deposit the higher interest rate you earn.
• Click here for current interest rates.
• Ask about our CDARS program that allows you to obtain FDIC insurance on certificates of deposit over $100,000. The limit for such deposits is $30 million to any one customer.

**A penalty may be imposed for withdrawals before maturity. For 30 to 91 day certificate of deposit accounts, the penalty we may impose is the interest on the amount withdrawn subject to penalty. If your account has a maturity of 92 days 12 months, the fee we may impose is equal to three months interest on the amount withdrawn subject to penalty. If your account has an original maturity of 13 to 35 months, the fee we may impose will equal six months interest on the amount withdrawn subject to penalty. If your account has an original maturity of 36 months or more, the fee we may impose will equal 12 months interest on the amount withdrawn subject to penalty.