FDIC Consumer Alerts are posted at the FDIC website to help consumers keep informed about the most recent methods criminals use to get individuals to disclose personal information. On the Federal Trade Commission site, consumers can find detailed guidance on how to monitor their credit histories, use effective passwords, and recover from identity theft.

 

 

Savings & CDs

 

 

Passbook Savings

 

Regular "Passbook" Savings

  • Minimum balance to open an account is $5
  • No monthly service charge if $200 minimum daily balance is maintained
  • If balance falls below the minimum, the quarterly service charge is $2
  • No monthly service charge or minimum balance requirements for customers under 18 years of age or customers 60 years of age or older
  • Simple interest accrued daily using daily balance method
  • Statements quarterly on March 31, June 30, September 30, and December 31
  • Interest rates on interest bearing checking and savings accounts are subject to change without notice. Interest will be compounded quarterly. Interest will be credited to your account quarterly.  

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RVNB CDs & IRAs

 

Certificates of Deposit

  • Terms vary between 30 days up to 3 years
  • Minimum opening deposit varies depending on type and term of CD selected
  • Interest paid at posted RVNB market rates
  • Substantial penalty for early withdrawals

 

Individual Retirement Account

  • $100 minimum opening balance
  • $10 minimum deposit
  • 18-month Certificate of Deposit
  • Interest accrued daily and paid quarterly 
  • Click here to view our Current Rates

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Money Market

  • Earns tiered money market rates. Rates increase at each tier level with $1,000 minimum opening balance.
    • $0.00 to $999.99
    • $1,000.00 to $4,999.99
    • $5,000.00 to $9.999.99
    • $10,000.00 to $24,999.99
    • $25,000.00 to $49,999.99
    • $50,000.00 to $74,999.99
    • $75,000 and greater

  • If balance falls below $1,000 minimum, the monthly service charge is $8
  • Statements on a monthly basis
  • Six maximum posted withdrawals and/or transfers per statement cycle (maximum of three withdrawals/transfers made by debit draft, or similar order.)
  • Simple interest accrued daily using daily balance method. Interest will be compounded every month. Interest will be credited to your account every month.

       



       

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