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Alma Exchange Bank & Trust offers the following
deposit accounts:
ATTENTION!!!
NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS |
| All funds in a "noninterest-bearing transaction account" are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 21, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000.00 available to depositors under the FDIC's general deposit insurance rules. |
The term "noninterest-bearing transaction account" includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes interest on Lawyers Trust Accounts ("IOLTAS"). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, money-market deposit accounts. These accounts are insured up to $250,000.00 under the FDIC's general deposit insurance rules and may be structured to provide more coverage if the amount in the account exceeds $250,000.00 |
For more information about temporary FDIC Insurance coverage of transaction accounts, visit www.fdic.gov. |
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REGULAR CHECKING
- Detailed monthly statement with images of checks and deposits
- Direct deposit available
- ATM/Debit card available
- Telephone Banking Service available 24 hours
- $100.00 minimum opening deposit
- Automatic transfers
- Service charge depends on lowest balance and number of
checks written during statement period
- Free checking for Senior Citizens age 62 and older
- Free checking for fulltime students up to age 23
- Non-interest bearing
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STAR CLUB
- Detailed monthly statement with images of checks and deposits
- Direct deposit available
- ATM/Debit card available
- Telephone Banking Service available 24 hours
- $100.00 minimum opening deposit
- Automatic transfers
- No minimum balance required
- Unlimited Checking
- 5 free money orders per month
- Free one party travelers checks
- Minimum per month service charge for $10,000.00 24-Hour Accidental Death and
Dismemberment Insurance
- Minimum per month service charge for Family Plan 24 Hour Accidental Death and
Dismemberment Insurance
- Service charge one-half price for members 55 years of age & older
- Non-interest bearing
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NOW ACCOUNT
- Detailed monthly statement with images of checks and deposits
- Direct deposit available
- ATM/Debit card available
- Telephone Banking Service available 24 hours
- Automatic transfers
- $1,200.00 Minimum opening deposit
- $1,200.00 Minimum balance required
- Interest compounded monthly
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HIFI MONEY MARKET
- Detailed monthly statement with images of checks and deposits
- Telephone Banking Service available 24 hours
- Automatic transfers
- ATM/Debit card available
- Telephone Banking Service available 24 hours
- Automatic transfers
- $2,500.00 Minimum opening deposit
- $2,500.00 Minimum balance to avoid service charge
- Limited checking
- Interest compounded monthly
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REGULAR SAVINGS ACCOUNT
- Direct Deposit Available
- Telephone Banking Service available 24 hours
- Automatic transfers
- Detailed quarterly statement
- $100.00 minimum opening deposit
- $1,000.00 minimum to avoid service charge
- No service charge for anyone under 18 years of age
- Interest compounded semi-annually
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CHRISTMAS CLUB
- Earns regular savings account rate
- Telephone Banking Service available 24 hours
- No Service Charge
- Interest paid when checks are issued annually
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CDs
- Three (3) months
- Six (6) months
- 12 months
- 24 months
- 36 months
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IRAs
- Three (3) months
- Six (6) months
- 12 months
- 24 months
- 36 months
IRAs compound quarterly. Anyone can open a traditional IRA that has compensation and has not reached 70 1/2 years of age. You can draw interest monthly, quarterly, semi-annually, annually, or let it capitalize in a CD yearly.
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