SAVING ACCOUNTS

 

 

 

People today are looking for those “just right” investment opportunities to maximize their hard-earned dollars.  From regular savings and US Savings Bonds to IRAs and Certificates of Deposit (CD), we offer a wide range of savings choices.

 

Many are finding that Certificates of Deposit make an excellent short or long-term choice for any purpose.  The funds could be used for buying a new car to saving for retirement.

 

Our CDs are designed to give you the most competitive rates available… combined with the safety and security you associate with this popular investment.

 

For your convenience, we offer many options, including a broad range of maturity dates on our CDs.

 

Whatever your investment goals, we have CDs to match.  Our experienced staff will help you select the best alternatives to meet your current and future needs. 

 

Smart retirement planning begins early!  That’s because living the American dream after retirement takes more than modest means.  As you plan, don’t forget that IRAs are still considered a good tax-deferred option for most people, because you pay no taxes on the income earned until the money is withdrawn-which is usually not until retirement.

 

With a CD from us, you can relax, knowing your deposits (and the interest earned) are insured to the maximum amount allowed by the FDIC.  Also, your IRAs are insured separately, for up to the maximum allowed, in addition to the FDIC insurance on your other accounts.

 

Certificates of Deposit

 

Minimum to open $500.00

Available in a variety of terms ranging from 3 months to 5 years with fixed or variable rates. 

 

Depending on the term-interest may be:

· paid monthly by check

· credited to another account with FNBNWFL

· compounded quarterly

· paid at maturity

 

 

IRA (Individual Retirement Account)

 

Minimum to open $500.00

18 month terms with fixed or variable rates

Interest will be compounded quarterly

 

Regular Savings Account

 

Minimum to open $100.00

Balance below $300.00 will be assessed a maintenance fee of $3.00 and will earn interest on the entire balance.

 

A Reg D excessive transaction fee of $3.00 will be charged for each debit transaction  in excess of six per quarter.

 

Transfers from a Regular Savings account to another account or to third parties by pre-authorized, automatic, or telephone transfer are limited to six per statement cycle with no more than three by point-of-sale or  similar order to third parties.

 

Refer to the account disclosure information for precise terms and conditions.

 

 

Call a customer service representative for more information.

(850) 769-3207

IMPORTANT ACCOUNT OPENING INFORMATION

 

Federal law requires us to obtain sufficient information to verify your identity.  You may be asked several questions and to provide one or more forms of identification to fulfill this requirement.  In some instances we may use outside sources to confirm the information.  The information you provide is protected by our privacy policy and federal law.