Limit of 6 transfers/withdrawals per month per Federal Regulation – see Reg D information sheet – after 3 withdrawals of any kind in a quarter, a $1 charge per withdrawal will be imposed
$50 minimum balance to avoid $1 monthly service charge
Christmas Clubs
50 week club
Deposits can be made weekly, monthly or as often as you like
Club plans are offered with coupon payments of $5, or any other amount you choose
Interest is earned on all funds deposited if the club is kept open until maturity
Checks for all deposits plus interest are mailed around the 1st of November
$5 early close out penalty and forfeiture of all interest
