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Regular Savings Account
An interest bearing account which enables the customer to earn a competitive rate of interest and still maintain fast, convenient access to funds.
- $100.00 minimum opening balance
- Interest is compounded daily and paid quarterly based on daily balance
- Must maintain a $100.00 daily balance to earn stated yield
- Transaction fees apply to debits in excess of two during a calendar month
- Must maintain an average balance of $100 to avoid a $2 monthly fee
- FDIC Insured
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Minor Savings Account
Designed to promote savings and banking in person’s early years. To qualify a person must be under the age of 19.
- $20.00 minimum opening balance.
- Interest is compounded daily and paid quarterly based on daily balance
- Transaction fees apply to debits in excess of two during a calendar month
- eStatements required
- FDIC Insured
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Money Market Account
Provides customers an interest bearing account with limited withdrawal capabilities. There are no customer eligibility requirements to be met; the only restrictions apply to balance and transactions. Transaction limitations allow us to normally offer a higher annual percentage yield on this account than is available on the Super Now account.
- $1,000.00 minimum opening balance
- Interest is compounded monthly and paid monthly based on daily balance
- $1,000.00 daily balance required to avoid monthly fee
- Must maintain a $1,000 daily balance to earn stated yield
- One free standard order of Money Market checks per year
- Account subject to debit transaction limitations which are limited to 6 per monthly statement cycle ($15 excess activity fee applies per transaction)
- FDIC insured
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Certificates of Deposit
A time deposit which enables the customer to normally earn a higher rate of interest than a regular savings account. With a variety of short and long term certificates, Troy Bank & Trust can meet the investment needs of the customers.
- $500.00 minimum opening balance
- Maturities available from 7 days to five years
- Interest rates established on a daily basis by term
- Interest that has accrued can be withdrawn from certificate without penalty
- FDIC Insured
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Individual Retirement Accounts
An Individual Retirement account is a plan established by an individual for retirement purposes.
- $500.00 minimum opening balance
- Tax deferred interest income (Interest earned is not taxable until withdrawn)
- No annual service charge
- FDIC Insured
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Christmas Club Account
For depositors to develop a systematic savings plan during the year to save for Christmas holiday usage.
- $5.00 minimum deposit required
- Customer mailed check for balance in the account during the month of November
- Penalty for early withdrawal
- FDIC Insured