Personal Savings
Regular Savings
Passbook Savings
Money Market Savings
Youth Savings Account
Certificates of Deposit and IRAs
Regular Savings
Our Regular Savings Accounts earn a variable rate of interest accrued daily on the Average Collected Balance calculated on a 365 day basis. Interest is compounded semiannually and paid each June 30 and December 31. Rate may change after account is opened.
A Regular Savings Account may have up to six (6) free withdrawals per quarter, after which there is a 50 cent charge for each withdrawal. All accounts receive semiannual statements. For checking account customers, a monthly savings statement can be combined with the monthly checking statement if a record of monthly transactions is preferred.
| Minimum Balance | Service Fee |
| $100.00 and above | No Charge |
| $0.00 - $99.99 | $2.00 per quarter |
There is no quarterly service fee for any customer under 18 years of age. Minimum deposit required to open
is $100.00 for customers 18 years of age and older, $5.00 if under 18 years. Fees could reduce earnings.
| Rates Accurate as of 10-28-08 | |
| Interest Rate | APY* |
| .644% | .65% |
*Annual Percentage Yield
The APY assumes funds will remain on deposit for a full year at the disclosed rate. A variable rate of interest is accrued daily based on the average collected balance calculated on a 365 day basis and paid semi-annually.
Passbook Savings
| Rates Accurate as of 10-28-08 | |
| Interest Rate | APY* | 0.644% | 0.65% |
Money Market Savings
The Personal Money Market Savings Account earns a variable rate of interest accrued daily based on the Average Collected Balance calculated on a 365 day basis and paid monthly. The account earns
different levels of interest based on the following tiers:
Rates Accurate as of 10-28-08 |
||
| Deposit Level | Interest Rate | APY* |
| 100,000.00 & over | 1.485% | 1.50% |
| 75,000.00 - 99,999.99 | 1.485% | 1.50% |
| 50,000.00 - 74,999.99 | 1.238% | 1.25% |
| 25,000.00 - 49.999.99 | 0.991% | 1.00% |
| 10,000.00 - 24,999.99 | 0.743% | 0.75% |
| 2,500.00 - 9,999.99 | 0.743% | 0.75% |
| Under 2,499.99 | 0.495% | 0.50% |
The APY assumes funds will remain on deposit for a full year at the disclosed rate. Rate may change after account is opened.
| Minimum Balance | Monthly Service Fee |
| $2,500.00 & Above | No Charge |
| $0.00 - $2,499.99 | $8.00 |
There are three (3) free withdrawals per month allowed, each additional withdrawal is 50 cents. There are no charges or fees if the Average Collected Balance is greater than $10,000.00. Minimum deposit to open is $2,500.00. Fees could reduce earnings. A variable rate of interest is accrued daily based on the average collected balance calculated on a 365 day basis and paid monthly.
Youth Savings
Our Youth Savings Accounts earn a variable rate of interest accrued daily on the Average Collected Balance calculated on a 365 day basis. Interest is compounded semiannually and paid each June 30 and December 31. Rate may change after account is opened.
A Youth Savings Account may have up to six (6) free withdrawals per quarter, after which there is a 50 cent charge for each withdrawal. All accounts receive semiannual statements. For checking account customers, a monthly savings statement can be combined with the monthly checking statement if a record of monthly transactions is preferred. Fees could reduce earnings.
| Minimum Balance | Service Fee |
| All Balances | No Charge |
There is no quarterly service fee for any customer under 18 years of age. Minimum deposit required to
open is $5.00 (if under 18 years of age).
| Rates Accurate as of 10-28-08 | |
| Interest Rate | APY* |
| .644% | .65% |
*Annual Percentage Yield
The APY assumes funds will remain on deposit for a full year at the disclosed rate.
Certificates of Deposit and IRAs
| Rates Accurate as of 10-28-08 | |||||
| Term | Interest Rate | APY* | Compounding Freq. | Crediting Freq. | Min. Opening Bal. |
| CDs and Fixed Rate IRAs (under $25,000) | |||||
| 7-31 Days | .747 | .75 | None | Maturity | $1,000.00 |
| 3 Months | 1.900 | 1.91 | Quarterly | Quarterly | 1,000.00 |
| 6 Months | 2.285 | 2.30 | Semi-annual | Semi-annual | 1,000.00 |
| 12 Months** | 2.395 | 2.41 | Semi-annual | Semi-annual | 500.00 |
| 18 Months | 2.395 | 2.41 | Semi-annual | Semi-annual | 500.00 |
| 24 Months | 2.490 | 2.51 | Semi-annual | Semi-annual | 1,000.00 |
| 30 Months | 2.490 | 2.51 | Semi-annual | Semi-annual | 500.00 |
| 36 Months | 2.690 | 2.71 | Semi-annual | Semi-annual | 500.00 |
| 48 Months | 3.030 | 3.05 | Semi-annual | Semi-annual | 500.00 |
| 60 Months | 3.030 | 3.05 | Semi-annual | Semi-annual | 500.00 |
| CDs and Fixed Rate IRAs (over $25,000 and under $100,000) | |||||
| 7-31 Days | .991 | 1.00 | None | Maturity | $1,000.00 |
| 3 Months | 1.900 | 1.91 | Quarterly | Quarterly | 1,000.00 |
| 6 Months | 2.435 | 2.45 | Semi-annual | Semi-annual | 1,000.00 |
| 12 Months** | 2.580 | 2.60 | Semi-annual | Semi-annual | 500.00 |
| 18 Months | 2.395 | 2.41 | Semi-annual | Semi-annual | 500.00 |
| 24 Months | 2.490 | 2.51 | Semi-annual | Semi-annual | 1,000.00 |
| 30 Months | 2.490 | 2.51 | Semi-annual | Semi-annual | 500.00 |
| 36 Months | 2.690 | 2.71 | Semi-annual | Semi-annual | 500.00 |
| 48 Months | 3.030 | 3.05 | Semi-annual | Semi-annual | 500.00 |
| 60 Months | 3.030 | 3.05 | Semi-annual | Semi-annual | 500.00 |
| CDs and Fixed Rate IRAs (over $100,000) | |||||
| 6 Months | 2.730 | 2.75 | Semi-annual | Semi-annual | $1,000.00 |
| 12 Months | 3.075 | 3.10 | Semi-annual | Semi-annual | 500.00 |
| Specials | |||||
| 5 Month CD (under $25,000) |
2.580 | 2.60 | None | Maturity | $5,000.00 |
| 5 Months (over $25,000) |
2.730 | 2.75 | None | Maturity | 5,000.00 |
*Annual Percentage Yield
**12 Month add-on CD also available
The APY assumes funds will remain on deposit for a full year at the disclosed interest rate. Funds must
remain on deposit until maturity to earn disclosed yield. Substantial penalty is required for early withdrawal
on Certificates and IRAs.
All Deposit Accounts at BankHaven are subject to:
Terms and Conditions
Funds Availability Rules
Electronic Transfer Rules
Truth-In-Savings Rules
Each new account holder will be given this information at the time an account is opened, or you may
request a copy by contacting us using the information on the left side of this page.