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NOTICE OF EXPIRATION
OF THE TEMPORARY
FULL FDIC INSURANCE COVERAGE FOR NONINTEREST-BEARING TRANSACTION
ACCOUNTS |
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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.
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For more information about FDIC
insurance coverage of noninterest-bearing transaction accounts, visit
www.fdic.gov. |
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Checking Accounts* |
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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. |
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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. |
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Basic Checking* |
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• $100.00 Opening
Deposit |
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• Unlimited check
writing |
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• ATM/Debit Card at
no issuance charge |
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• Daily balance
below $100.00, $7.00 service charge |
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Pioneer Preferred Checking* |
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• $1,000.00 Opening
Deposit |
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• Free introductory
checks |
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• Unlimited check
writing |
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• Direct Deposit |
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• Enrollment in free
eStatements |
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• Enrollment in free
Internet Banking |
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• ATM/Debit Card at
no issuance charge |
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• 25 Basis point
discount on Interest Rate of Loan with |
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ACH
payment from this account or 15 basis point |
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premium
to advertised rate of Certificate of Deposit |
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• Up to 4 foreign
ATM fees waived per statement cycle |
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• Daily balance
below $2,500.00, $15.00 monthly |
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service
charge |
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• Free Notary
Service |
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• Cashier Checks at
no issuance fee |
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Security Club Checking* |
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• $100.00 Opening
Deposit |
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• No minimum balance
requirements |
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• Unlimited check
writing |
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• Personalized
Club checks free of charge |
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• ATM/Debit Card at
no issuance charge |
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• $10,000.00 Accidental
Death Insurance** |
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• Travel &
entertainment discounts |
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• Credit Card
Registration & Lost Key Return |
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• Medical I.D. Card |
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• Household
Inventory Log |
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• Free Notary
Service |
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• Cashier Checks at
no issuance fee |
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• $9.00 per month
service charge |
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Senior Citizens
Checking* |
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• $100.00 Opening
Deposit |
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• Must be age 60 or
over |
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• No minimum balance |
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• Free Senior checks |
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• ATM/Debit Card at
no issuance charge |
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• No service charge |
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MMDA*
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• $2,500.00 Opening
Deposit |
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• 6 checks or
pre-authorized electronic withdrawals per |
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month -
if you exceed the check writing limit or |
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electronic withdrawal limit, there is a $10.00 excess |
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activity fee per item |
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• Unlimited in-person
account transfers |
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• $15.00 monthly
maintenance fee if balance falls below |
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$2,500.00 |
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NOW Account Checking* |
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• $1,000.00 Opening
Deposit |
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• Unlimited check
writing |
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• ATM/Debit Card at
no issuance charge |
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• Daily balance
below $1,000.00, $10.00 service |
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charge |
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Business Checking* |
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• $1,000.00 Opening
Deposit |
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• Unlimited check
writing |
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• ATM/Debit Card at
no issuance charge |
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• No maintenance
charge if daily balance stays above |
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$2,500.00 |
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• Daily balance
below $2,500.00, $10.00 monthly |
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service
charge |
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Savings
Accounts* |
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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. |
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Regular
Savings* |
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• $10.00
Opening Deposit |
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Six withdrawals per month at no charge - excess |
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activity charge of $1.00 per withdrawal over 6 |
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• Unlimited
ATM withdrawals |
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• Interest
posted quarterly |
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• ATM Card
at no issuance charge |
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• Daily
balance below $100.00, $5.00 per month service |
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charge |
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Business
Savings* |
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• $100.00
Opening Deposit |
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•
Six withdrawals per month at no charge - excess |
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activity charge of $1.00 per withdrawal over 6 |
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• Unlimited
ATM withdrawals |
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• Interest
posted quarterly |
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• ATM Card
at no issuance charge |
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• Daily
balance below $100.00, $5.00 per month service |
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charge |
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Christmas
Club* |
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• $10.00 Opening
Deposit |
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• $5.00 per
withdrawal |
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• Check mailed or
auto transferred to another Security |
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Federal
account every October |
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• No ATM Card
available on this account |
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IRAs and
CDs*
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• Please see a
Customer Service representative for |
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current
terms and rate information. |
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Health Savings
Account* |
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• Debit card to pay
bills |
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• Account for
employed or Self-employed for high |
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deductible health insurance |
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• No service charge |
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• No minimum balance
requirements |
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• Interest posted
monthly |
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*Subject to Credit Approval |
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**Accidental
Death Insurance is |
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• Not a Deposit |
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• Not FDIC Insured |
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• Not Insured by any
Federal Government Agency |
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• Not Guaranteed by
the Bank |
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• May go down in
value (only if there is an investment |
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component) |
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