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Savings Information
Regular Savings
Christmas Club
Certificate of Deposit
IRA
Description:
Interest bearing account.
Requirements:
$50 minimum opening deposit.
Benefits:
Interest is compounded daily.
Interest is credited quarterly.
Fees:
$2.00 service fee if balance falls below $50.00 any day of the monthly statement cycle.
Requirements:
No minimum deposit
No monthly fees
No withdrawals until maturity.
Interest accrues daily; Credits at maturity
Customer sets amount to be automatically transferred from checking in a weekly, bi-weekly, semi-monthly or monthly interval.
Checking Account required.
Funds in the account will be credited to your Maynards Savings Bank checking account.
Description:
Minimum opening balance of $1,000.00
Terms ranging from six months to five years.
Competitive interest rates.
Penalty for early withdrawal.
IRA Savings - "Variable Rate"
No minimum opening balance.
Interest rate and annual percentage yield may change.
Interest will be compounded quarterly and credited quarterly.
IRA CD - Time Open Retirement Account "Fixed Rate"
No minimum opening balance.
Interest will be compounded daily and credited semi-annually.