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 term lengths with competitive rates to choose from|
|Minimum Opening Deposit||$100||None||$100||$1,000|
|Minimum Daily Balance to Waive Monthly Maintenance Fee||$200||None||$2,500||None|
|Monthly Maintenance Fee, if Below Required Balances||$5 plus $7 per withdrawal over six||None||$10.00||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||Regulation D limits the total number of transfers made by check, telephone, online banking and overdraft protection, as well as pre-authorized transfers (including check card purchases, automatic transfers and wire transfers) to six (6) per calendar month.||The penalty we may impose will equal seven (7) days interest on the amount withdrawn within the first six (6) days after deposit – OR – within six (6) days of the date of the immediately preceding partial withdrawal.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|