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| Savings Account |
| Current
Rate: |
.50% APY
.50% |
| There is a minimum balance of $10.00.
Interest is paid semi-annually on February 28th and August 31st and there
must be a balance in the account on the date interest is paid. A service
charge fee of $1.00 will be imposed every month if the balance in the
account falls below $100.00 any day of the month. This fee will not apply to
minors (18 or younger) or seniors (65 or older). Transfers from a Passbook
Savings account to another account or to third parties by preauthorized,
automatic, or telephone transfer are limited to six per statement cycle with
no more than three by draft or similar order to third parties. Fees may
reduce earnings on account. The rate may change after the account is opened. |
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| Money Market |
| Current
Rate: |
1.00% APY
1.00% |
| A monthly statement showing interest earned and transactions, if any, will be mailed to the customer on the 15th of each month.
A BALANCE OF $5,000.00 MUST BE MAINTAINED in this account. If the account
falls below the $5,000.00 minimum balance, no interest will be paid.
Transfers from a Money Market Deposit account to another account or to third
parties by preauthorized, automatic, or telephone transfer are limited to
six per statement cycle with no more than three by check, draft, debit card,
or similar order to third parties. Fees may reduce earnings on the account.
The rate may change after the account is opened. |
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| High
Yield Money Market |
Tier
1 - $50,000.00 and more
Tier 2 - $25,000.00 to $49,999.99
Tier 3 - $5,000 to $24,999.99 |
| A monthly statement showing interest earned and transactions, if any, will be mailed to the customer on the 15th of each month.
A BALANCE OF $5,000.00 MUST BE MAINTAINED in this account. If the account
falls below the $5,000.00 minimum balance, no interest will be paid.
Transfers from a Money Market Deposit account to another account or to third
parties by preauthorized, automatic, or telephone transfer are limited to
six per statement cycle with no more than three by check, draft, debit card,
or similar order to third parties. Fees may reduce earnings on the account.
The rate changes on the first day of each statement cycle. Rates are
based on balance. Please contact a Customer Service Representative for
details. |
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| Certificates of Deposit |
| Contact Bank for rate information. |
| The First National Bank offers Certificates of Deposit in a variety of terms. Interest compounds quarterly or can be paid to the customer monthly, in the form of a check or transferred to a deposit account. The Certificates are designed to automatically renew at maturity if the customer does not contact the Bank within the 10 calendar-day grace period. |
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| Individual Retirement Accounts |
| Contact Bank for rate information. |
The First National Bank offers two types of IRAs, the traditional and the ROTH. The traditional IRA is an account on which TAX-DEFERRED interest is paid quarterly. A minimum deposit is required to open an IRA and each subsequent deposit must be at least $500.00. Withdrawals are not permitted without penalties being assessed as required by law.
The ROTH IRA is a nondeductible account that features tax-free withdrawals for certain distribution reasons after a five-year holding period. To be eligible you must have earned income (or your spouse must have earned income) and your modified adjusted gross income cannot exceed certain limits. Please contact the Bank for more details.
Consult your tax advisor.
|
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| Christmas Club |
| The First National Bank offers a Christmas club to help our customers save for the holidays. Our Christmas clubs come in a variety of denominations and you will receive your check in early November. |
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