Savings
First National Bank offers a wide variety of Savings account options
Statement Savings
Statement savings requires $25 to open which allows customers of any age to save money. There is a $5 service charge if the balance falls below $25 any day of the quarter. Customers do not receive a passbook, instead a receipt is given at time of deposit or withdrawal and quarterly statement is issued. The customer is allowed nine free withdrawals per quarter, after that a $2 fee per withdrawal will be charged. Interest is paid quarterly.
| Opening Balance | Minimum Balance | Monthly Service Charge | Interest Bearing |
|---|---|---|---|
| $25 | $25 | $5 if balance falls below $25 | Yes |
Cash Management
This is an account which is available to both individuals and businesses. $3,000 is required to open and statements are received monthly. A $3,000 minimum balance avoids the $10 per month service charge. You are allowed up to six withdrawals or transfers per month at no charge, any withdrawal or transfer after that is subject to a $2 fee. Variable interest rate may change weekly. Interest is paid monthly.
| Opening Balance | Minimum Balance | Monthly Service Charge | Interest Bearing |
|---|---|---|---|
| $3,000 | $3,000 | $10 if balance falls below $3,000 | Yes |
Christmas Club
$5 to open. Withdrawals are subject to a fee. Interest will be credited at maturity.
| Opening Balance | Minimum Balance | Monthly Service Charge | Interest Bearing |
|---|---|---|---|
| $5 | None |
None | Yes, at maturity |