Checking & Savings

Checking & Savings

Money Market & Holiday Club


Safe Harbor Money Market Account

A Money Market account is like a cross between a savings account and a checking account. You'll have easy access to your funds and get more return for your money, without making a long term investment. An initial minimum deposit of $2,500 is required to open the account, and dividends are paid on this balance or higher.

Account Features:

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UNDERSTANDING REGULATION D AND THE IMPACT ON YOUR SAVINGS ACCOUNT

All financial institutions must implement Regulation D. The Federal Reserve Bank’s Regulation D limits certain withdrawals and transfers from your savings and money market share accounts to a total of six (6) per account per calendar month. The six withdrawals exclude items such as automatic transfers to loan payments, ATM withdrawals and withdrawals made in person at the teller window. Click here for more detailed information on Regulation D.


Holiday Club Account

Holiday Club Accounts are additional savings accounts that allow you to put aside extra money for the holidays or special occasions. Having a portion of your payroll directly deposited into a club account all year long, makes it easy to save. An initial minimum deposit of $5.00 is required to open the account. Dividends are paid on a balance of $250 and above.

On November 1st of each year the balance (less $5.00 to keep account open) is transferred into your regular savings account.

Account Features:

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