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Savings


 

Regular Savings Account
The Regular savings account is ideal for young and old, alike. Your hard-earned savings and the interest earned are then mailed quarterly in statement form which you keep with your financial records. You also can have access to your account anytime with an ATM card. There is a $100.00 minimum balance to open the account. When you maintain a balance of $100.00 you can avoid any service charges and earn the annual percentage yield. Minors age 18 or younger do not have to maintain a balance to avoid a service fee. Please contact us for current rate information and/or to request a Truth-in-Savings disclosure for more details.

 

During any month you may not make more than six (6) withdrawals or transfers to another account of yours or to a third party by means of preauthorized or automatic transfer or telephone order or instruction, computer transfer, or by check draft, debit card or similar order to a third party.

 

 

ATM Cards

When you are on the go and need cash, access your savings account with our ATM card. Fast, easy cash available 24 hours a day, 7 days a week. These cards are subject to bank approval. Applications are available at The Necedah Bank lobby.


 

Christmas Club Savings
Plan ahead for year-end expenses and the always fast approaching holidays with a Christmas Club account at The Necedah Bank. No minimum balance and in October of each year we will send you a check for the balance plus interest.  No withdrawals permitted on this account.

 

Certificates of Deposit
Certificates of Deposit are an excellent and safe way to earn a guaranteed rate of interest on your money. You can choose from different terms and rates that best serve your needs. Interest can be paid by check, deposited to another account at The Necedah Bank, or added on to give you the compounding effect. Let a Certificate of Deposit from The Necedah Bank help you meet your financial goals. Minimum balance requirements and early withdrawal penalties apply. See our Truth-in-Savings disclosure for more details. Please contact us for current interest rates and annual percentage yields.
 


Money Market Account
The Money Market Account is an interest bearing account which, generally earns higher rates than our Interest Bearing Account. Convenient monthly statements. There are transaction limitations* and minimum balances that apply. This is a variable interest rate account so the interest rates and Annual Percentage Yields may change at any time. Please contact us for a Truth-in-Savings disclosure and current rates. A monthly maintenance fee of $10.00 can be waived by maintaining a minimum balance of $1,000.00.**


*During any month you may not make more than six (6) withdrawals or transfers to another account of yours or to a third party by means of preauthorized or automatic transfer or telephone order or instruction, computer transfer, or by check draft, debit card or similar order to a third party.

 

**To earn the annual percentage yield on this account a minimum of $1,000.00 daily balance must be maintained.

 


Individual Retirement Accounts
Let The Necedah Bank help you prepare for a safe and secure retirement. Earn tax-deferred interest and save tax dollars. Guaranteed fixed rates or variable compounded rates. Flexible terms. No administration fees. Contact The Necedah Bank for more information on the Traditional, Roth, and Coverdell Education Savings Account.

 

                     

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