Checking / Savings / CD's


 

NOTICE OF EXPIRATION OF THE TEMPORARY FULL FDIC INSURANCE COVERAGE FOR NONINTEREST-BEARING TRANSACTION ACCOUNTS

    By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest-bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Depository Insurance Corporation (FDIC).  Beginning January 1, 2013,  all the depositor's accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance ownership catagory.

    For more information about FDIC insurance coverage of noninterest-bearing transaction accounts, visit www.fdic.gov.
 

Checking Accounts*

Checking is your fundamental financial tool.  It not only gives you the ability to use your money the way you want, it forms the basis for all your banking accounts and services.
Our checking plans have been specifically designed to provide meaningful features and outstanding value.  All our plans provide you with the security of FDIC deposit insurance and the convenience of 24-hour banking, along with an easy-to-read monthly statement.  We now offer a toll free number for account access at all times and on-line banking to meet all your needs from account transfers to bill pay.
 
Basic Checking*
$100.00 Opening Deposit
  Unlimited check writing
  ATM/Debit Card at no issuance charge
  Daily balance below $100.00, $7.00 service charge
 
Pioneer Preferred Checking*  
  $1,000.00 Opening Deposit
  Free introductory checks
  Unlimited check writing
  Direct Deposit
  Enrollment in free eStatements
  Enrollment in free Internet Banking
  ATM/Debit Card at no issuance charge
  25 Basis point discount on Interest Rate of Loan with
     ACH payment from this account or 15 basis point
     premium to advertised rate of Certificate of Deposit
  Up to 4 foreign ATM fees waived per statement cycle
  Daily balance below $2,500.00, $15.00 monthly
     service charge
  Free Notary Service
  Cashier Checks at no issuance fee
 
Security Club Checking*  
  $100.00 Opening Deposit
  No minimum balance requirements
  Unlimited check writing
  Personalized Club checks free of charge
  ATM/Debit Card at no issuance charge
  $10,000.00 Accidental Death Insurance**
  Travel & entertainment discounts
  Credit Card Registration & Lost Key Return
  Medical I.D. Card
  Household Inventory Log
  Free Notary Service
  Cashier Checks at no issuance fee
  $9.00 per month service charge
 
Senior Citizens Checking*  
  $100.00 Opening Deposit
  Must be age 60 or over
  No minimum balance
  Free Senior checks
  ATM/Debit Card at no issuance charge
  No service charge
 

MMDA*

 
  $2,500.00 Opening Deposit
  6 checks or pre-authorized electronic withdrawals per
     month - if you exceed the check writing limit or
     electronic withdrawal limit, there is a $10.00 excess
     activity fee per item
  Unlimited in-person account transfers
  $15.00 monthly maintenance fee if balance falls below
     $2,500.00
 
NOW Account Checking*  
  $1,000.00 Opening Deposit
  Unlimited check writing
  ATM/Debit Card at no issuance charge
  Daily balance below $1,000.00, $10.00 service
     charge
 
Business Checking*  
  $1,000.00 Opening Deposit
  Unlimited check writing
  ATM/Debit Card at no issuance charge
  No maintenance charge if daily balance stays above
     $2,500.00
  Daily balance below $2,500.00, $10.00 monthly
     service charge
 

Savings Accounts*

At Security Federal, we offer a complete range of Certificates of Deposit and Savings Accounts, and you will find our rates to be consistently among the most competitive in this area.  One of our Customer Service Representatives will be happy to tell you about any of our current rates.
 

Regular Savings*

 
  $10.00 Opening Deposit
  Six withdrawals per month at no charge - excess
     activity charge of $1.00 per withdrawal over 6
  Unlimited ATM withdrawals
  Interest posted quarterly
  ATM Card at no issuance charge
  Daily balance below $100.00, $5.00 per month service
     charge
 

Business Savings*

 
  $100.00 Opening Deposit
  Six withdrawals per month at no charge - excess
     activity charge of $1.00 per withdrawal over 6
  Unlimited ATM withdrawals
  Interest posted quarterly
  ATM Card at no issuance charge
  Daily balance below $100.00, $5.00 per month service
     charge
 

Christmas Club*

 
  $10.00 Opening Deposit
  $5.00 per withdrawal
  Check mailed or auto transferred to another Security
     Federal account every October
  No ATM Card available on this account
 

IRAs and CDs*

 
  Please see a Customer Service representative for
     current terms and rate information.
 

Health Savings Account*

 
  Debit card to pay bills
  Account for employed or Self-employed for high
     deductible health insurance
  No service charge
  No minimum balance requirements
  Interest posted monthly
 
 
                    *Subject to Credit Approval
                    **Accidental Death Insurance is
  Not a Deposit
  Not FDIC Insured
  Not Insured by any Federal Government Agency
  Not Guaranteed by the Bank
  May go down in value (only if there is an investment
     component)
 
 

 
 
 

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