Regular Passbook Savings Account

• Regular or Passbook Savings Accounts open with a minimum of $50.
• If the daily balance falls below $50, there is a fee.
• Three withdrawals are allowed per quarter.
• Interest is paid quarterly.

Christmas Club

• Christmas Club accounts allow customers to make small deposits at any time for 50 weeks.
• Christmas Club accounts earn interest, but there is a fee for early withdrawal.
• Christmas Club checks are issued in time for Christmas shopping.

Certificates of Deposit

• Certificates of Deposit may be purchased for as little as $1000 and in a broad range of maturities.
• Certificates of Deposit allow one to lock in a high yield that is guaranteed from the day the account is opened until the day the certificate matures.

Traditional Individual Retirement Account

• The Traditional IRA provides tax savings to qualified contributors in the form of deductions of IRA contributions from taxable income.
• The Traditional IRA allows one to defer taxes until retirement, at which point one might be in a lower tax bracket.

Series EE Savings Bonds

• Series EE Bonds are United States Treasury securities that earn interest at market-based rates for up to 30 years.
• The purchase price of a bond is half of its face amount; for example, a $100 bond costs $50.
• Interest is added to the price of the redemption value every month and paid to the investor when the bond is redeemed.
• Series EE Bonds require a minimum holding 
  period of six months before a bond can be 
  redeemed.