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  Deposit Products

Checking| Savings| NOW Account| Money Market Checking | CDs | IRAs | Customer Overdraft Policy
 
 
Free Checking

Minimum balance to open the account- $200.00

Monthly maintenance fee- None

Per item fee- None (unlimited check writing)
Balance requirement- None
  • One free box of Greystone checks when the account is opened .
  • Free Debit Card
Regular/Business Checking

Minimum balance to open the account- $ 50.00

Minimum balance to avoid imposition of fees-
A maintenance fee of $ 8.00 will be imposed every statement cycle if the balance in the account falls below $ 200.00 any day of the cycle.

A maintenance fee of $ 6.00 will be imposed every statement cycle if the balance in the account falls below $ 500.00 any day of the cycle.

A maintenance fee of $ 4.00 will be imposed every statement cycle if the balance in the account falls below $ 700.00 any day of the cycle.

  • All business checking accounts are subject to a monthly account analysis fee.
 

Senior Citizens Checking

Minimum balance to open the account- $ 50.00
To qualify for this account you must be 55 years of age or over and have direct deposit to the account.

  • Two free boxes of Greystone checks per calender year.
 

New Outlooks Club

Minimum balance to open the account- $ 50.00
A maintenance fee of $ 10.00 a month for individuals or $ 12.00 a month for families will be charged each statement cycle.

  • Two free boxes of Greystone checks per calender year.
 
Nonprofit Organization Checking

Minimum balance to open the account- $ 50.00
Minimum balance to avoid imposition of fees-
A maintenance fee of $ 4.00 will be imposed every statement cycle if the balance in the account falls below $ 700.00 any day of the cycle.
 
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Savings

No minimum balance to open the account.

Your interest rate and annual percentage yield may change.

Frequency of rate changes- We may change the interest rate on your account at any time.

Determination of rate - At our discretion, we may change the interest rate on your account.

Compounding and crediting frequency- Interest will be compounded every day. Interest will be credited to your account every quarter.

Effect of closing an account- If you close your account before interest is credited, you will not receive the accrued interest.

Minimum balance to avoid imposition of fees-
A maintenance fee of $ 5.00 will be imposed every statement cycle if the balance in the account falls below $ 50.00 any day of the cycle.

Minimum balance to obtain the annual percentage yield disclosed- You must maintain a minimum balance of $ 50.00 in the account each day to obtain the annual percentage yield.

Daily balance computation method- We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.

Accrual of interest on non-cash deposits- Interest begins to accrue on the business day you deposit non-cash items (i.e., checks).

Transaction limitations- Withdrawals or other transfers from a savings account to another account or to third parties by preauthorized, automatic, or telephone transfer are limited to nine per quarterly cycle (with no more than six per month).

Fees- An excess withdrawal fee of $ 5.00 will be charged for each debit in excess of nine during a quarter.
 
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Now Account

Rate Information: Your interest rate and annual percentage yield may change.

Frequency of rate changes- We may change the interest rate on your account at any time.

Determination of rate- At our discretion, we may change the interest rate on your account.

Compounding and crediting frequency- Interest will be compounded every month. Interest will be credited to your account monthly.

Effect of closing an account- If you close your account before interest is credited, you will not receive the accrued interest.

Minimum balance to open the account- $ 100.00

Minimum balance to avoid imposition of fees-
A maintenance fee of $ 10.00 will be imposed every statement cycle if the balance in the account falls below $1,500.00 any day of the cycle.

Minimum balance to obtain the annual percentage yield disclosed- You must maintain a minimum balance of $1,500.00 in the account each day to obtain the annual percentage yield.

Daily balance computation method- We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.

Accrual of interest on non-cash deposits- Interest begins to accrue on the business day you deposit non-cash items (i.e., checks).
 
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Money Market Plus Checking

Rate Information: Your interest rate and annual percentage yield may change.

Frequency of rate changes- We may change the interest rate on your account.

Determination of rate- At our discretion, we may change the interest rate on your account.

Compounding and crediting frequency- Interest will be compounded every month. Interest will be credited to your account every month.

Effect of closing an account- If you close your account before interest is credited, you will not receive the accrued interest.

Minimum balance to open the account-$ 100.00

Minimum balance to avoid imposition of fees-
A maintenance fee of $ 10.00 will be imposed every statement cycle if the balance in the account falls below $2,500.00 any day of the cycle.

Minimum balance to obtain the annual percentage yield disclosed- You must maintain a minimum balance of $2,500.00 in the account each day to obtain the disclosed annual percentage yield.

Daily balance computation method- We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.

Accrual of interest on non-cash deposit- Interest begins to accrue on the business day you deposit non-cash items (i.e.,checks).

Transaction limitations- Transfers from a Money Market Plus account to another account or to third parties by preauthorized, automatic, telephone, or computer  transfer or by check, draft, point-of-sale, or similar order to third parties are limited to six per statement cycle. If you exceed the transfer limitations set forth above, your account may be subject to closure.

Fees- An excess withdrawal fee of $ 10.00 will be charged for each debit in excess of the above limitations.
 
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Certificates of Deposits

Minimum balance requirement: You must make a minimum deposit to open this account of $ 1,000.00.

Rate information: The APY (Annual Percentage Yield), assumes that interest remains on deposit until maturity. A withdrawal of interest will reduce earnings.

Early Withdrawal Penalty: If we consent to a request for withdrawal that is otherwise not permitted you may have to pay a penalty. The penalty will be an amount equal to: up to 1 yr. CD- 90 day penalty. Over 1 yr- 183 day penalty.

Compounding and crediting:
Withdrawals of Interest: Interest accrued during a term can be withdrawn.

Renewal Policy:
All Certificates of Deposit will Automatically Renew. You will have 10 days after the maturity date to withdraw funds without penalty.

Transaction Limitations: You cannot make additional deposits to this account during a term (other than credited interest).

Balance Computation Method: We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
 
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Individual Retirement Accounts (IRA)

Minimum balance requirement: You must make a minimum deposit to open this account of $ 100.00.

Rate information: Early Withdrawal Penalty: If we consent to a request for withdrawal that is otherwise not permitted you may have to pay a penalty. The penalty will be an amount equal to: Up to 1 yr. IRA -90 day penalty. Over 1 yr. 183 day penalty.

Effect of Closing an IRA: If you close your account before interest is credited, you will receive the accrued interest. Other penalties will apply from the Internal Revenue Service.

Renewal Policy: All IRAs will Automatically Renew. You will have one day after the maturity date to withdraw funds without a penalty.

Transaction Limitations: You may make additional contributions to this account during a term as long as you do not exceed your maximum yearly contribution.

Balance Computation Method: We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
 
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