|
|
|
|
Copyright © 2000-2012
Investors Community Bank
The Entrepreneurs' Bank (TM)
Member FDIC
|
|
|
Investors Personal Checking Options
Investors Personal Savings and Choice Money Market Options
Investors Personal ATM & Debit Card Options
Investors Personal Certificate of Deposit (CD) Options
Investors Personal Individual Retirement Account (IRA) Options
Investors Personal Checking Options
Five different options. Pick and Click.
INVESTORS SELECT CHECKING
Select this product for unlimited access via check writing, debit card, or ATM Card.
INVESTORS IMAGE CHECKING
We call it Image Checking because in addition to unlimited access via check writing, debit card, or ATM Card, your monthly statement includes the images of the checks that were paid that month.
INVESTORS BASIC CHECKING
Basically it is designed for the individual that doesn’t want to maintain a minimum balance and only writes a few checks each month.
INVESTORS INTERESTING CHECKING
The interesting part about this product is that it pays you interest, it provides you images of your checks with your monthly statement, and offers free Investors Bill Pay.
INVESTORS CHOICE CHECKING
Chosen by the majority of our customers, this interest bearing account earns money market rates and offers free Investors Bill Pay.
INVESTORS SELECT CHECKING
Customers select this checking product because there are no restrictions on the activity and they get to select where they want to maintain the balances to cover the cost of the product.
|
-
|
Maintain either a daily minimum balance of $500.00 or an average monthly balance of $1,500.00 in the checking account OR $3,000.00 in other savings and certificate products. |
|
-
|
Maintenance fee of $10.00 per month and $0.25 per check or withdrawal that statement period if balance requirements are not met. |
|
-
|
Monthly Statement with safekeeping of cancelled checks. |
You can also select these additional services;
|
-
|
Online Banking with Investors Bill Pay available for only $5.00 per month. |
|
-
|
Overdraft protection available for all consumer checking accounts. |
|
-
|
Available with ATM or Debit card. |
INVESTORS IMAGE CHECKING
We call it Image Checking because in addition to unlimited access via check writing, debit card, or ATM Card, your monthly statement includes the images of the checks that were paid that month.
|
-
|
Maintain either a daily minimum balance of $1,000.00 or an average monthly balance of $5,000.00 in the checking account OR $10,000.00 in other savings and certificate products. |
|
-
|
Maintenance fee of $10.00 per month and $0.25 per check or withdrawal that statement period if balance requirements are not met. |
|
-
|
Monthly Statement with images of checks that have cleared. |
You can also select these additional services;
|
-
|
Online Banking with Investors Bill Pay available for only $5.00 per month. |
|
-
|
Overdraft protection available for all consumer checking accounts. |
|
-
|
Available with ATM or Debit card. |
INVESTORS BASIC CHECKING
Designed for the individual that doesn't want to maintain a minimum balance and only writes a few checks each month.
|
-
|
No minimum balance is required with this account. |
|
-
|
Up to 10 withdrawals per month for free and pay a flat $5.00 per month maintenance fee. Pay $0.50 for each withdrawal over 10. |
|
-
|
Monthly Statement with safekeeping of cancelled checks. |
You can also select these additional services;
|
-
|
Overdraft protection available for all consumer checking accounts. |
|
-
|
ATM cards are available for an additional surcharge of $3.00 per month. |
INVESTORS INTERESTING CHECKING
This account has it all; Interest on your checking balances, Image statement, Internet Banking, Investors Bill Pay, and you can choose where you want to maintain the balances to cover the cost of the product.
|
-
|
Maintain either a daily minimum balance of $2,000.00 or an average monthly balance of $10,000.00 in the checking account OR $25,000.00 in other savings and certificate products. |
|
-
|
Maintenance fee of $15.00 per month and $0.25 per check or withdrawal that statement period if balance requirement are not met. |
|
-
|
Monthly Statement with images of checks that have cleared. |
You can also select these additional services;
|
-
|
Online Banking with Free Investors Bill Pay. |
|
-
|
Overdraft protection available for all consumer checking accounts. |
|
-
|
Available with ATM or Debit card. |
INVESTORS CHOICE CHECKING
Our most popular checking account because it is two accounts in one. Earns money market interest rates on a checking account that includes Internet Banking and Investors Bill Pay.
|
-
|
Maintain either a daily minimum balance of $2,000.00 or an average monthly balance of $10,000.00 in the checking account OR $25,000.00 in other savings and certificate products. |
|
-
|
Maintenance fee of $15.00 per month and $0.25 per check or withdrawal that statement period if balance requirement are not met. |
|
-
|
Monthly Statement with safekeeping of cancelled checks. |
You can also select these additional services;
|
-
|
Online Banking with Free Investors Bill Pay. |
|
-
|
Overdraft protection available for all consumer checking accounts. |
|
-
|
Available with ATM or Debit card. |
Additional Information
Unless specified, minimum balance to open is $100.00
Overdraft protection services available with all accounts that offer check writing services.
First order of checks free (qualified styles only) when there is $10,000.00 in other deposit accounts. Subsequent orders of checks free when deposit balances total $20,000.00 or more.
Accounts with no safekeeping will receive check images with their monthly statements.
Interest rate information for Checking/Savings Accounts
Return to top
Investors Personal Savings and Choice Money Market Options
INVESTORS SAVINGS
|
-
|
Minimum balance to open is $250.00 (balance requirements waived for minors). |
|
-
|
Maintain either a daily minimum balance of $250.00 or an average monthly balance of $600.00. Maintenance fee of $5.00 per month if balance requirements are not met. |
|
-
|
Regardless of account balance there will be an excess activity fee of $0.50 for each withdrawal in excess of 6 per month. |
|
-
|
Quarterly statements unless there is EFT activity or part of a combined statement, then statement is sent monthly. |
INVESTORS CHOICE MONEY MARKET
|
-
|
Minimum balance to open is $2,000.00. |
|
-
|
Maintain either a daily minimum balance of $2,000.00 or an average monthly balance of $8,000.00 in a Money Market Account OR $50,000.00 in CD products. Maintenance fee of $10.00 per month if balance requirements are not met. |
|
-
|
Regardless of account balance there is a $1.00 processing fee for checks or withdrawals (non-ACH) for less than $250.00. |
|
-
|
Monthly statements. |
Transfer Limitations
During any calendar month or statement cycle of at least four weeks, you may not make more than six withdrawals or transfer to another account of yours or to a third party by means of check, draft, debit card (if applicable), preauthorized or automatic transfer or telephone order or similar order or instruction to a third party. If you exceed the transfer limitations set forth above in any statement period, your account may be subject to closure by the financial institution.
Additional Information
Regardless of account balance, there will be an excess activity fee of $0.50 for each withdrawal in excess of 6 per month.
Investors Personal Certificates of Deposit (CD) Products
Our certificate products pay competitive interest rates. For your convenience, this product is represented by a receipt which allows for renewals, reinvesting, and redemptions to be handled over the phone and through the mail.
|
-
|
Minimum opening deposit - $10,000.00 (unless otherwise stated).
|
|
-
|
Maturity terms range from 30 days to 5 Years. |
|
-
|
Additional deposits are not allowed until maturity. |
|
-
|
The fixed interest rate is determined by the term selected and is paid for the entire term of the investment. |
|
-
|
Interest begins to accrue on the business day you deposit non cash items (checks) and we use the daily balance method to calculate the interest, applying a periodic rate to the principal balance in the certificate account each day and using a 365 day basis.
|
|
-
|
If interest compounding occurs during the term of the investment, the annual percentage yield disclosed assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings.
|
|
-
|
For investments that WILL automatically renew at maturity, you will have 10 calendar days after the maturity date to withdraw funds without penalty.
|
|
-
|
For investments that WILL NOT automatically renew at maturity, interest will not be paid after maturity. |
Early Withdrawal Penalties for Certificates of Deposit
The following penalty may be charged to your term investment if you withdraw any principal before the maturity date.
1) For investments with an original term of < 60 days the penalty will be the forfeiture of 30 days simple interest on the amount withdrawn.
2) For investments with an original term of 60 days to < 3 months, the penalty will be the forfeiture of 60 days simple interest on the amount withdrawn.
3) For investments with an original term of three months to < 1 year, the penalty will be the forfeiture of three months' simple interest on the amount withdrawn.
4) For investments with an original term of one year or more, the penalty will be the forfeiture of six months' simple interest on the amount withdrawn.
If sufficient interest has not accrued at the time of withdrawal, the principal will be reduced to the extent necessary to meet the required penalty.
The amount of the penalty will be calculated using the higher of either the effective interest rate or the current published interest rate.
Early withdrawals made because of the death or the judicially declared incompetence of the account owner will not be penalized.
Interest rate information for CD Products
Return to top
Investors Individual Retirement Account (IRA) Options
Investors IRA
This is a variable rate product that you can make additional desposits to and it pays competitive rates.
|
-
|
Minimum Opening Deposit - $100.00. |
|
-
|
Maturity term is for 2 years. |
|
-
|
Interest is paid and compounded annually. |
|
-
|
A variable interest rate that may change at bank discretion and at anytime. |
|
-
|
Additional Deposit Are Allowed. ($1,000.00 minimum unless ACH Credits then $25.00 minimum).
|
|
-
|
Interest begins to accrue on the business day you deposit non cash items (checks) and we use the daily balance method to calculate the interest, applying a periodic rate to the principal balance in the certificate account each day and using a 365 day basis. |
|
-
|
If interest compounding occurs during the term of the investment, the annual percentage yield disclosed assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings. |
IRA Certificates of Deposit
This product is designed for rollover transfers from other larger IRA plans.
|
-
|
Minimum opening deposit - $10,000.00. |
|
-
|
Maturity terms range from 6 months to 5 Years. |
|
-
|
Additional deposits are not allowed until maturity.
|
|
-
|
The fixed interest rate is determined by the term selected and is paid for the entire term of the investment.
|
|
-
|
Interest begins to accrue on the business day you deposit non cash items (checks) and we use the daily balance method to calculate the interest, applying a periodic rate to the principal balance in the certificate account each day and using a 365 day basis.
|
|
-
|
If interest compounding occurs during the term of the investment, the annual percentage yield disclosed assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings.
|
|
-
|
For investments that WILL automatically renew at maturity, you will have 10 calendar days after the maturity date to withdraw funds without penalty.
|
|
-
|
For investments that WILL NOT automatically renew at maturity, interest will not be paid after maturity. |
Other IRA fees
|
-
|
Annual Fee of $10.00 if balance in total IRA Plan is less than $500.00.
|
|
-
|
$50.00 Termination Fee may apply if IRA Plan is closed within five years.
|
Interest rate information for IRA Products
Return to top
Early Withdrawal Penalties for IRA Certificates of Deposit
The following penalty may be charged to your term investment if you withdraw any principal before the maturity date.
1) For investments with an original term of six months to < 1 year, the penalty will be the forfeiture of three months' simple interest on the amount withdrawn.
2) For investments with an original term of one year or more, the penalty will be the forfeiture of six months' simple interest on the amount withdrawn.
If sufficient interest has not accrued at the time of withdrawal, the principal will be reduced to the extent necessary to meet the required penalty.
Return to top
Contact Christine
at (920) 686-5616, Jeanne at (920) 686-5601 or Linda at (920) 686-5654 for more
information about our personal deposit accounts.
Copyright ©2000-2012
Investors Community Bank
The Entrepreneurs' Bank (TM)
Member FDIC
Updated 01/27/2012
|
|
|
