Town-Country National Bank
Regular Savings Account
Balance required for opening $100.00. Earns interest (rate varies), interest is credited to the account each quarter. Statements are mailed each quarter. There is no limitation for in person withdrawals allowed, but a fee of $1.00 is assessed for over three per statement cycle. A depositor may make no more than six covered transfers per statement cycle. These include: Transfers made to another account of the same depositor at the same bank, if made by: Preauthorized transfer, Automatic transfer, by telephone, including fax, or with the bank’s internet banking service. There is no limit to the number of in-house withdrawals allowed. No interest is posted if the account is closed before the interest is added to the account. A balance of $25.00 is required for interest to be posted to the account.
Christmas Club Account
For those customers who wish to save weekly, or monthly, for Christmas expense. If the customer pays all 49 weeks on time, the bank makes the last payment on the plan chosen. Christmas Club checks are mailed in early November. Penalty for early withdrawal is one payment. Partial withdrawals are not allowed. The following plans are available:
$2.00 week - $100.00
$5.00 week - $100.00
$10.00 week - $500.00
$20.00 week - $1000.00
Money Market Deposit Account
This account is classified as a Savings account but also has limited check writing privileges. A minimum deposit of $2,500.00 is required for opening. Earns interest (rate varies) on daily balances and interest is credited to account monthly. If you close the account before interest is credited, you will not receive the accrued interest. Six withdrawals per statement cycle. $2.00 fee for all over six. You may make six transfers from your account, and any of the six may be checks to third parties. More detailed information is available from our customer service representative. Rate reverts to savings rate when balance falls below the minimum balance required. Charges apply for below minimum balance:
$5.00 – Balance below $2,500.00
$6.00 – Balance below $1,500.00
$7.00 – Balance below $1,000.00
** This account is available for individuals and corporations.