Passbook Savings  A passbook savings account may be opened with as little as $1.00, making it an ideal way to introduce children to the benefits of saving. There is no minimum balance requirement and no fees. The balance of the account must be at least $50.00 at the end of any day for interest on the account to accrue that day. Interest accrues daily and is compounded and credited to the account quarterly. Statement Savings A statement savings account must be opened with a minimum deposit of $100. The balance of the account must be at least $100.00 at the end of any day for interest on the account to accrue that day. Interest accrues daily and is compounded and credited to the account monthly. You will receive a monthly statement of activity for your account and deposits in your account and withdrawals from your account may be made by using an electronic banking card. A service fee of $2.00 will be imposed for each monthly statement period if the average daily balance in the account for that monthly statement period is less than $200. Electronic statements are available. Money Fund Savings  A money fund savings account must be opened with a minimum deposit of $2,500. There is no minimum balance requirement and no fees. The balance of the account must be at least $1.00 at the end of any day for interest on the account to accrue that day. Interest accrues daily and is compounded and credited to the account monthly. For any day the balance of the account is at least $2,500 the account will earn interest at a higher rate for that day. On days that the balance of the account is at least $1.00 but is less than $2,500, the account will earn interest at a lower rate for that day. You will receive a monthly statement of activity for your account and deposits in your account and withdrawals from your account may be made by using an electronic banking card.  Electronic statements are available. Christmas Clubs  A great way to put aside a little extra money for the holidays, or for any year-end expenditure, such as your property taxes. We offer Christmas club accounts in flexible denominations, so you can deposit from week-to-week any amount you wish. Accounts are opened during the month of November and closed the first or second week of the following October. Interest on your account will not be compounded and will be credited to the account at the end of the day before the day we send you a check for all funds in the account.