“Your Choice of Checking Accounts”
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“Basic” Checking |
You pay no monthly service charge and you receive a monthly statement but without
your check images. You don’t really care about that because you
could use duplicate checks and get a photocopy or image of an actual
check at any time.
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“Traditional” Checking |
If you carry a monthly balance that doesn’t drop below $300.00, “traditional” acts like a “free” account also. But if you do drop below $300.00, the monthly charge is $5.00. You receive a monthly statement and all of your check
images – and you can write as many as you like – at no extra charge!
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“Investment” Checking |
You may write as many checks as you like
and your check images will be returned to you each month with your
monthly statement. If your monthly balance never falls below $1000.00, then with this account, we will pay you interest and add it to your account when we balance it.
Individuals, nonprofit organizations, sole proprietors, public
entities, and fiduciary accounts such as estates and trusts can
apply. That’s a switch, isn’t it?
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“Money
Market”
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You still receive monthly statements and
your check images, but the number of checks you write per month is
limited. The minimum balance is $1000.00 and we pay interest monthly
based on the balance in your account.
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Each depositor is insured to at least $250,000 by the Federal Deposit
Insurance Corporation (FDIC) For more information, please visit
www.fdic.gov.NOTICE OF CHANGES
IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS
All funds in a “noninterest-bearing transaction account” are
insured in full by the Federal Deposit Insurance Corporation from December
31, 2010, through December 31, 2012. This temporary unlimited coverage is in
addition to, and separate from, the coverage of at least $250,000 available
to depositors under the FDIC’s general deposit insurance rules. The term
“noninterest-bearing transaction account” includes a traditional checking
account or demand deposit account on which the insured depository
institution pays no interest. It also includes Interest on Lawyers Trust
Accounts ("IOLTAs"). It does
not include other accounts, such as traditional checking or demand
deposit accounts that may earn interest, NOW accounts and money-market deposit
accounts. For more
information about temporary FDIC insurance coverage of transaction accounts,
visit www.fdic.gov.
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