Online Banking

Helpful Information



 

Deposits

Checking Account

A service charge fee of $6.50 will be imposed every monthly statement cycle unless you maintain a minimum daily balance of $500.00 for the monthly statement cycle.

NOTE: A minimum deposit of $200.00 is required to open a Checking account.

Commercial Checking Account

A service charge fee of $10.00 will be imposed every monthly statement cycle.

NOTE: A minimum deposit of $500.00 is required to open a Commercial Checking account.

Student Checking Account

Students will not be charged a service charge fee as long as they are enrolled as a part-time or full-time student in an accredited school. All other fees are applicable.

NOTE: A minimum deposit of $200.00 is required to open a Student Checking account.

NOW Account

A service charge fee of $7.00 will be imposed every monthly statement cycle unless you maintain a minimum daily balance of $1000.00 for the monthly statement cycle.

If the account is closed before the interest is credited, any interest is forfeited.

You must maintain a minimum daily balance of $1000.00 to obtain accrued interest. The interest rate can change at our discretion.

NOTE: A minimum deposit of $1500.00 is required to open a NOW account.

Money Market Deposit Account

A service charge fee of $12.00 will be imposed every monthly statement cycle unless you maintain a minimum daily balance of $1500.00 for the monthly statement cycle.

Interest is compounded monthly. The interest rate can change at our discretion. If the account is closed before the interest is credited, any interest is forfeited.

During any calendar month, you may not make more than six withdrawals or transfers to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction, or by check, draft, debit card or similar order to a third party. If you exceed the transfer limitations set forth above in any statement period, your account will be subject to closure by the financial institution.

NOTE: A minimum deposit of $2500.00 is required to open a MMDA account.

Savings Account

Interest is calculated using the daily balance method which applies a daily periodic interest rate to the balance in the account each day. Interest will be compounded and credited into the account quarterly. The interest rate can be changed at our discretion.  If the account is closed before the interest is credited, any interest is forfeited.

A service charge fee of $5.00 will be imposed every quarterly statement cycle unless you maintain a minimum daily balance of $200.00 for the quarterly statement cycle.

You are allowed six (6) withdrawals or transfers per quarterly statement.  If you exceed the transfer limitations set forth in any statement period, your account will be subject to closure by the financial institution. A fee of $3.00 per withdrawal will be assessed for withdrawals exceeding three.

NOTE: A minimum deposit of $200.00 is required to open a Savings account.

Christmas Club Account

Interest is calculated using the daily balance method which applies a daily periodic interest rate to the balance in the account each day. Interest will be compounded and credited into the account annually. The interest rate can be changed at our discretion. If the account is closed before the interest is credited, any interest is forfeited.

An early withdrawal fee of $5.00 will be charged for each withdrawal.

NOTE: A minimum deposit of $5.00 is required to open a Checking account.

Certificates of Deposit

Call (662)237-9272 for current CD interest rates.

*Interest rates subject to change and federal regulations require a penalty for early withdrawal.

Individual Retirement Account

We offer Traditional IRAs, SEP IRAs and Roth IRAs.

For more information call us at (662)237-9272.

Important Information About Procedures for Opening a New Account

To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account.

What this means for you: When you open an account, we will ask for your name, address, date of birth, place of birth, social security number, and other information that will allow us to identify you. We will also ask to see your driver’s license or ID card and other identifying documents.

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