New Generation Savings:

An interest bearing, statement savings account to assist the customer in building a nest egg.

• Minimum initial balance to open:  $100.00
• Minimum average daily balance to avoid a minimum balance fee:  $100.00
• Minimum balance fee per month on average daily balances below $100.00:  $5.00
• Statements are issued on a quarterly or monthly statement cycle, as required by regulations.
• Transfers from a savings account to another account or to third parties by preauthorized, automatic, telephone, Internet, Phone Bank, ACH debit, wire transfers, or point of sale (POS) are limited to six per month.
• All withdrawals/debits, regardless of type, in excess of three per calendar month are subject to an excess debit fee of $1.00 each.

 

New Generation Money Market Account (MMA)

This is an alternative interest bearing account type to a certificate of deposit for investments, allowing the convenience of a limited checking account.

• Minimum initial balance to open:  $1,000.00
• Minimum average daily balance to avoid a minimum balance fee:  $1,000.00
• Minimum balance fee per month on average daily balances below $1.000.00:  $10.00
• Free electronic images with e-statements
• Free first order of personalized basic checks
• Statements are issued on a monthly statement cycle.
• Transfers from a MMA to another account or to third parties by preauthorized, automatic, telephone, Internet, Phone Bank, ACH debit, wire transfers, point of sale (POS), check, draft or similar order are limited to six per statement cycle.
• An excess debit fee of $10.00 per item will be charged when these limits are exceeded.
• ELIGIBILITY - All customers are eligible for this account.
  
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