Our
Regular Savings account is a great option
if you maintain a lower balance. This account
can also be used for overdraft protection
on any checking account, except our Better
Than Free checking account. With the low minimum
balance it's an easy savings account to open!
Minimum Opening Deposit
$100
Monthly Fees
$3
monthly fee if average monthly balance falls
below $100.
Interest Accrued/Paid
Daily/Quarterly
Minimum Balance
N/A
Activity Charges
N/A
Money
Market Plus
A
savings account that rewards customers who
maintain higher balances with special money
market interest rates and provides limited
check writing and easy access to your funds.
Minimum Opening Deposit
$1,000
Monthly Fees
$10
monthly fee plus $.25 per debit if balance
falls below minimum of $1,000.
Interest Accrued/Paid
Daily/Monthly
Minimum Balance
N/A
Activity Charges
$5
per check in excess of 3 per statement plus
$.25 per debit in excess of 6 preauthorized
debits per statement.
Bonus
Money Market
A
high-yielding savings account that rewards
customers who maintain a balance of $25,000
and want their funds to be accessible. Also
provides additional flexibility with limited
check writing.
Minimum Opening Deposit
$25,000
Monthly Fees
$20
monthly fee if balance falls below minimum
of $25,000.
Interest Accrued/Paid
Daily/Monthly
Minimum Balance
N/A
Activity Charges
$5 per check in excess of 3 per statement
plus $.25 per debit in excess of 6 preauthorized
debits per statement.
Minor
Statement Savings
A
great savings account for individuals who
are under 18 years of age, similar to the
regular statement savings.
Minimum Opening Deposit
$25.00
Monthly Fees
$1
per month if balance falls below minimum of
$25.00.
Interest Accrued/Paid
Daily/Quarterly
Minimum Balance
N/A
Activity Charges
N/A
IRAs
Secure
funds for your retirement with a competitive
interest rate and comprehensive savings
plan by setting up an Individual Retirement
Account. Take advantage of tax deferred
interest and a possible tax deduction* by
opening any of our attractive IRA plans.
For more details, contact any of our branch
offices or one of our retirement experts
in our subsidiary, Byron Investment Services**.
*Consult
your tax advisor to determine if you qualify
for any tax deductions.
Certificates
of Deposit
Byron
Bank offers a variety of CDs, including Short
Term, Long Term, Jumbo, Home Safe, and Penalty
Free. There is a penalty for early withdrawal.
All CDs are FDIC insured.
Christmas
Club Account
This
account allows you to save up for holiday
expenses. Payments in the amounts of $10,
$20, or $40 are made every 2 weeks, for a
total of 25 payments. The account begins at
the end of October and matures at the beginning
of October of the following year. Withdrawals
are not permitted and no interest is earned.
Funds are automatically transferred to a Byron Bank
checking or savings account when the Christmas
Club account expires.
** Securities are not insured by the FDIC or any other federal government agency, are not deposits or obligations of Byron Bank, are not guaranteed by the bank, and are subject to risks, including possible loss of principle.
