Personal Banking - Savings & Investments

 

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Statement Savings
An account allowing you to earn interest and make deposits and withdrawals at any time, for any amount.

  • Minimum Balance to Avoid Maintenance Fee $200
  • Maintenance Fee If Below Minimum $3
  • $5 Charge Per Withdrawal After 6 Per Month (Not At ATMs)
  • Accounts Held by Minors Maintenance Fee Waived

Certificates of Deposit
A savings tool designed to offer a higher interest rate for those who do not need the money available for a predetermined amount of time.

  • Balance to Open $500.00 for Regular CD
  • Interest Rate Fixed for Specific Term of Deposit
  • Terms of Deposit 6-48 Months
  • Standard Early Withdrawal Penalties

Christmas Club
A savings tool designed to provide money for holidays.

  • Minimum of $5 per Payment Weekly, Biweekly, or Monthly
  • Interest Paid Annually
  • Account Balance Paid the 1st part of November

IRAs: Savings Account
A retirement savings plan designed for employed individuals under 70 ½ years old who are interested in planning for a financially secure retirement

  • Offered in Both Fixed and Variable Rates
  • Minimum of $500 to Open Fixed IRA
  • Minimum of $100 to Open Variable IRA
  • Taxes deferred on Interest Earned

Investment/Money Market
A traditional, secure savings account for higher balances.

  • Balance to Open $1,000
  • Minimum Balance to Avoid Maintenance Fee $1,500
  • Maintenance Fee If Below Minimum $10
  • Interest Calculated Daily Based on Average Balance and Credited Monthly
  • Interest Tiered Based on Account Balance
  • Monthly Statements, Combined Statements Available With Multiple Accounts
  • Free Internet Banking
  • Personalized Checks at Cost
  • Transfers Limited to 6 per Statement Cycle*

Health Savings Account
Account to pay for qualified medical expenses while earning interest.

  • Balance to Open $50.00
  • No Minimum Balance
  • Interest Calculated Daily Based on Daily Collected Balances and Credited Monthly
  • Interest Tiered Based on Account Balance
  • Unlimited Withdrawals for Qualified Medical Expenses
  • Monthly Statements
  • Free Internet Banking
  • Free HSA Debit Card
  • Unlimited SMB&T ATM Access, Non-SMBT ATM Fee $1.75
  • Set-Up Fee $15
  • Personalized Checks at Cost

- Ask a New Account Representative for current intrest rates. Interest Rates are subject to change.

* Transfers from an investment savings account to another account or to third parties are limited to six per statement cycle.