Personal Money Market Account
- $100 Minimum deposit to open an account
- Low $10 monthly maintenance fee if minimum daily balance falls
below $500
- This is a "limited transaction" account
- Unlimited in house transactions
- Free Unlimited Internet Banking
- Free Bill Pay
- Earns interest
- Interest is compounded daily and paid monthly
Regular Savings Account
- $100 Minimum deposit to open an account
- $5.00 quarterly maintenance fee if daily account balance drops
below $100
- Free Unlimited Internet Banking
- Quarterly Statement – (unless EFT activity occurs)
- Combined Statement with any Checking Account
- Free Telephone Banking
- 6 withdrawals per quarter allowed
- Earns interest
- Interest paid quarterly
- Interest will be credited
to your account every quarter.
- We use the daily balance method
to calculate the interest on your account. This method applies
a daily periodic rate to the
principal in the account each day.
Minor Savings Account
- $50 Minimum deposit to open an account
- No maintenance fee until the age of 19 is reached. (At that
time regular savings fees apply)
- Free Unlimited Internet Banking
- Quarterly Statement – (unless EFT activity occurs)
- Combined Statement with any Checking Account
- Free Telephone Banking
- 6 withdrawals allowed per quarter
- Earns interest
- Interest paid quarterly
- Interest will be credited
to your account every quarter.
- We use the daily balance method to calculate the interest on
your account. This method applies a daily periodic rate to the
principal in the account each day.
Cerificates of Deposit & IRA Accounts
- $500 Minimum Deposit to open an account
- Terms available from 90 days to 5 years
- Early withdrawal penalty applies to all withdrawals made prior
to maturity
- $500 Minimum deposit to open an account – Unlimited Maximum
Amount may be deposited
- JUMBO CD's available $100,000 and up
- Terms available from 90 days to 5 years
- Increase your personal savings
- Higher Yield Rate than a checking account
- Interest Frequency – Monthly, Quarterly, Semi-Annually or
Annually
- Interest Payable – Compound back to CD – Direct Deposit to
Checking or Savings account with Oglethorpe – Paid by Check
- Auto Renewal – CD will automatically renew at the end of the
term at the current market rate. The interest rate and annual
percentage yield may change.
- CD redeemed prior to maturity is subject to an early withdrawal
penalty
- We use the daily balance method to calculate the interest on
your account. This method applies a daily periodic rate the the
principal in the account each day.
- Interest begins to accrue on the first business day after
the banking day you deposit noncash items (for example, checks).
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