Our Savings Accounts offer the following
|Capitol Savings||Cappy "Minor" Savings||Money Market||Certificate of Deposit|
|Our standard savings account||A savings account designed especially for the kids||An interest-bearing account based on current interest rates||We have several standard term and special term lengths with competitive rates to choose from|
|Minimum Opening Deposit||$100||None||$100||$1000 for standard term; $2,500 for special term|
|Minimum Daily Balance to Waive Monthly Maintenance Fee||$200||None||$2,500||None|
|Monthly Maintenance Fee, if Below Required Balances||$5||None||$15||None|
|Interest||Compounded and credited quarterly based on average daily balance; Variable interest rate||Rates based on tiered balances|
1st tier: under $25,000
2nd tier: $25,000 and above
Interest compounded and credited monthly; Variable Interest rate
|Fixed Interest Rate for the term of the certificate. Interest compounded and credited quarterly. Interest can automatically be transferred to another account.|
|Withdrawals||The penalty we may impose will equal seven (7) days interest on the amount withdrawn within the first six (6) days after deposit – OR – within six (6) days of the date of the immediately preceding partial withdrawal.
CD withdrawals are subject to the following penalties based upon the term of the CD:
1-5 months CD = 1 month interest penalty;
6-11 months CD = 3 months interest penalty;
12-23 months CD = 6 months interest penalty;
24-60 months CD = 12 months interest penalty.
Automatically renewed at current interest rate with a ten-day grace period. Notice given of approaching renewal and rate change.
|Statements||Quarterly statements; Monthly, if combined with a checking account||Monthly||Available upon request only; Monthly, if combined with a checking account|