| Certificates
of Deposit (CD) – Is a great way to save, both
long- and short-term. You choose the term and the interest rate
that works for you! SSB’s 24 month term CD offers special
features. A minimum deposit of $500 is required. All CD’s
are FDIC insured. Interest payments can be credited back to
the balance, paid by check, or credited to your checking or
savings account. Penalty applies for early withdrawal. Fees
can reduce earnings.
Money Market Deposit Account
– Earns interest and has transaction limitations. Customers
can access funds by On-line Banking, ATM card, ShazamCheck
Debit Card, Tele-Banker, or by traditional check. A minimum
deposit of $20.00 is required to open this account. Transfer
from a Money Market Deposit account to another account or
to third parties by preauthorized automatic, telephone, or
computer transfer are limited to six per statement cycle with
no more than three by check, draft, or similar order to third
parties. The minimum amount you can withdraw is $300.00 per
each check, transfer, or debit item. We may change your interest
rate and annual percentage yield at any time. The daily balance
is calculated by adding the principal in the account for each
day of the period and dividing that figure by the number of
days in the period. Interest will be compounded every month.
Interest will be credited to your account every month. Images
of your canceled checks are returned monthly with your statement.
Savings Account –Earns
interest but is a non-transaction account. Customers can access
funds by On-line Banking, ATM card, ShazamCheck Debit Card,
or Tele-Banker. A minimum deposit of $20.00 is required to
open this account. We may change your interest rate and annual
percentage yield at any time. We use a 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. Interest begins to accrue on the business day you deposit
noncash items (for example, checks). Transactions limitations:
Transfer from a Savings account to another account or to third
parties by preauthorized, automatic, telephone, or computer
transfer are limited to six (6) per month with no transfers
by check, draft, debit card, or similar order to third parties.
If you exceed these limitations, you will be charged $2.00
for each. (Internal automatic transfers are exempt from this
fee.)
Individual Retirement Account (IRA)/Health
Savings Account (HSA) - Whether it’s a Traditional
IRA, Roth IRA, Educational IRA, Self Employment Pension (SEP),
or SIMPLE IRA, SSB offers a variety of plans for saving for
the future. IRAs are interest bearing, non-transaction accounts.
A minimum deposit of $20.00 is required to open this account.
Interest is compounded and paid quarterly. Interest will be
credited to your account every quarter. Your interest rate
and annual percentage yield may change. We may change the
interest rate and annual percentage yield on your account
every quarter. 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. Interest
begins to accrue on the business day you deposit noncash items
(for example, checks). IRA Transaction limitations: You may
not make any transfers from this account to another account
of yours or to third parties by preauthorized, automatic,
or telephone transfer or similar order to third parties. HSA
Transaction limitations: No transaction limitations apply
to this account. HSA has a $12.00 annual fee.
NOW Checking Account -Earns
interest and requires a minimum average balance of $1,500.00
in order to avoid service charge fee. Customers can access
funds by On-line Banking, ATM card, ShazamCheck Debit Card,
Tele-Banker, or by traditional check. A minimum deposit of
$1,500.00 is required to open this account. If the average
daily balance falls below $500.00, a service charge fee of
$4.00 is implemented and a $0.15 fee per debit transaction
(withdrawal, check paid, automatic transfer, or payment out
of your account) is imposed. If the average daily balance
falls between $500.00 and $999.99, a service charge fee of
$3.00 is implemented and a $0.15 fee per debit transaction
(withdrawal, check paid, automatic transfer, or payment out
of your account) is imposed. If the average daily balance
falls between $1000.00 and $1499.99, a service charge fee
of $2.50 is implemented and a $0.15 fee per debit transaction
(withdrawal, check paid, automatic transfer, or payment out
of your account) is imposed in excess of 25 items during a
statement cycle. We may change your interest rate and annual
percentage yield at any time. The average daily balance is
calculated by adding the principal in the account for each
day of the period and dividing that figure by the number of
days in the period. Interest will be compounded every month.
Interest will be credited to your account every month. Images
of your canceled checks are returned monthly with your statement.*
Super Now Checking Account –
Earns interest and requires a minimum daily balance of $2,500.00
in order to avoid service charge fee. Customers can access
funds by On-line Banking, ATM card, ShazamCheck Debit Card,
Tele-Banker, or by traditional check. A minimum deposit of
$2,500.00 is required to open this account. If the daily balance
falls below $2,500.00, a service charge fee of $10.00 is implemented.
We may change your interest rate and annual percentage yield
at any time. The daily balance is calculated by adding the
principal in the account for each day of the period and dividing
that figure by the number of days in the period. Interest
will be compounded every month. Interest will be credited
to your account every month. Images of your canceled checks
are returned monthly with your statement.*
Eagle Savers Club for Kids –
Encourages youngsters up to age 12 to save! This is an interest
bearing, non-transaction account, with a minimum $5.00 opening
deposit required. For every $5.00 deposit, the reward is a
stamp on the child’s Eagle Savers Club Card. Once the
card is full, it may be redeemed for a great prize from the
Eagle Savers Club Toy Chest!! The Eagle Savers will also receive
newsletters and SSB will have special events through out the
year. We may change your interest rate and annual percentage
yield at any time. We use a 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. Interest
begins to accrue on the business day you deposit noncash items
(for example, checks). Transactions limitations: Transfer
from a savings account to another account or to third parties
by preauthorized, automatic, telephone, or computer transfer
are limited to six (6) per month with no transfers by check,
draft, debit card, or similar order to third parties. If you
exceed these limitations, you will be charged $2.00 for each.
(Internal automatic transfers are exempt from this fee.)
Christmas Club Account –
Is a convenient and effective way to save for holiday shopping.
Saving a little bit each week or month really adds up! This
is an interest bearing, non-transaction account. A $1 opening
deposit is required. Interest will be credited to your account
at maturity. A check for the balance plus accrued interest
is mailed at the end of October. We may change your interest
rate and annual percentage yield at any time. Interest will
not be compounded. If you close your account before interest
is credited, you will not receive the accrued interest. 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. Interest begins to
accrue on the business day you deposit noncash items (for
example, checks) |
