Savings Accounts

Savings Account

• Interest is calculated daily, paid quarterly and a quarterly statement mailed. Interest rate and annual percentage yield (APY) subject to change. (Frequency of rate change- weekly)
• $50 minimum balance required to open an account.
• If the average daily balance for the quarter decreases below $50, a minimum balance fee of $1.50 will be charged each quarter.
• Unlimited number of withdrawls and deposits acceptable if transacted in person.
• Transfers from a Variable Rate Savings Account to other accounts or to third parties either by prequthorized, automatic, telephone transfers, or Internet transfers are limited to six transactions per month.

Money Market Savings

• Interest is calculated daily, paid monthly, and a monthly statement mailed. Interest rate and annual percentage yield (APY) subject to change. (Frequency of rate change- weekly).
• $1,000 miniumum balance required to open an account.
• If the account balance decreases below $1,000 any day within the statement cycle, a maintenance fee of $2.50 will be charged and interest earned will be calculated based on the lowest tier of the Interest Bearing Checking Account Rate Schedule.
• Transfers from a Money Market Savings Account to other accounts or to third parties either by preauthorized, automatic or telephone transfers, or Internet transfers are limited to six transactions per month.

Christmas Club

• Minimum deposit requirements to open this special 50 week savings account is illustrated below:

 

Opening Amount	Weekly Payment Sum	Value After 50th Payment
$1.00	$1.00	$50.00
$2.00	$2.00	$100.00
$5.00	$5.00	$250.00
$10.00	$10.00	$500.00

•  Bonus - Open a Christmas Club Account by the third week of November, make 49 deposits of the weekly payment sum and First National Bank will gift the 50th weekly payment sum.
• Any withdrawl closes Christmas Account.
• Christmas Club Checks issued first week of November.

Member FDIC