Founders Community
Bank offers a full line of savings accounts;
We know that
changing banks is not easy, so we have developed a
Switch Kit which
contains all the forms you will need to make your 'move' a breeze.
Business Super Savings:
The minimum daily balance to earn interest is $10,000. There
is no monthly service charge, however there is a $5 service charge per withdrawal in excess of three
withdrawals per month. Interest is compounded and paid quarterly.
Transaction limits may apply.
$10,000 minimum opening deposit.
Basic Savings:
No monthly service charge on your account if you maintain a daily
balance of $500. If your average daily balance falls below
$500 then a $5 monthly service charge will be charged. There is a $2
service charge
per withdrawal in excess of three withdrawals per month. No
minimum balance to earn interest. Interest is compounded and paid quarterly.
Transaction limits may apply.
$100 minimum opening deposit.
Savings for Minors:
No
monthly service charge on your account if you maintain a daily
balance of $10. If your average daily balance falls below $10
then a $2 monthly service charge will be charged. There is a $2
service charge per
withdrawal in excess of three withdrawals per month. No
minimum balance to earn interest. Interest is compounded and paid quarterly.
Transaction limits may apply.
$50 minimum opening deposit.
Founders Money Market:
No
monthly service charge on your account if you maintain a daily
balance of $2,500. If your average daily balance falls below
$2,500 then a $10 monthly service charge will be charged. There is a
$5 service charge per
debit item in excess of six per month. We pay interest
using a tiered rate starting on any balances of $2,500 and higher. Images
of the front of checks are sent with monthly statements.
Interest is compounded and paid monthly. Transaction limits may apply.
$1,000 minimum opening deposit.
Founders Fortune Money Market:
No
monthly service charge on your account if you maintain a daily
balance of $2,500. If your average daily balance falls below
$2,500 then a $10 monthly service charge will be charged. There is
a $5 service charge per debit item in excess of six per month. We will
pay interest at the current tiered rate on balances of $50,000 and
higher. Images of the front of checks are sent with
monthly statements. Interest is compounded and paid monthly. Transaction
limits may apply.
$1,000 minimum opening deposit.
Transaction Limitations for Savings and
Money Market Accounts:
Transfers from a money market or savings account to another account
or to third parties by preauthorized, automatic, telephone, or
computer transfer, as well as by check, draft or similar order
payable to third parties, are limited to six per monthly statement
cycle. A per item fee of $5.00 may be imposed for each debit
in excess of six transactions (withdrawal, check paid, automatic
transfer or payment out of your account) if the balance is in the
account.
Certificates of Deposit:
Requires your money to be on deposit for a specific time period.
Our certificates start as low as $500, interest compounded and paid monthly,
early withdrawal penalties may apply.
FDIC Insurance on COD’s up to $50 million:
Using CDARS® - Certificate
of Deposit Account Registry Services®, you can access up to $50
million in FDIC protection on COD investments.
You work with us – the bank you know
and trust – to secure large deposits from $100,000 to $50,000,000.
You earn interest on your Certificate
of Deposit investments.
With CDARS®, there is no need to
negotiate multiple rates or manually tally disbursements for each
COD.
You receive one regular monthly
statement detailing your COD investments.
You no longer need to consolidate
statements at the end of each month, quarter or year.
We do not charge annual fees,
subscription fees or transaction fees.
The rate you see is the rate you get.
Because CDARS® deposits are eligible
for full FDIC protection, you may not need to collateralize your
deposits, thus eliminating the time – consuming task of tracking
collateral values.
You can select from various maturities
– ranging from 4 weeks to 5 years – and choose the terms that best
suit your investment needs.
To learn more, contact Founders
Community Bank at 805-543-6500 extension 227 or email us at
mail@FoundersCommunityBank.com.
Drop by or call us for the latest Annual
Percentage Yield on our interest accounts.
