Personal Savings
- Opening deposit: $100
- Minimum balance requirement: $500 average monthly balance to avoid monthly service charge
- Interest: Yes, Tiered APY/Interest Rate1. Compounded daily, credit quarterly
- Withdrawal & transfers: Limited to six (6) per month. An excess withdrawal fee of $5 will be charged for each debit in excess of the six (6) 2
- Complimentary eStatement and Quarterly paper statement3
- Online Banking and online bill pay available at no additional charge
- Complimentary mobile App & mobile deposits4 services
Student and Minor Savings
- Opening deposit: $50
- Minimum balance charge: $0
- Interest: Yes 5, No tiered.
- Withdrawal & transfers: Limited to six (6) per month. An excess withdrawal fee of $5 will be charged for each debit in excess of the six (6) 2
- Complimentary Quarterly eStatement3
- Online Banking and online bill pay available at no additional charge
- Complimentary mobile App & mobile deposits4 services
Loyal Trust Money Market Savings
- Opening deposit: $500
- Minimum Balance Requirement: $2,500 average monthly balance to avoid monthly service charge
- Interest: Yes, Tiered APY/ Interest Rate6. Compounded daily, credit monthly
- Withdrawal & transfers: Limited to six (6) per month. An excess withdrawal fee of $5 will be charged for each debit in excess of the six (6) 2
- Complimentary monthly eStatement with check image view7
- Complimentary First Order of Checks8
- Loyal Trust Bank Debit Card
- Online Banking and online bill pay available at no additional charge
- Complimentary mobile App & mobile deposits4 services
Certificate of Deposit
- CD Terms: 6 Mo.; 12 Mo.; 24 Mo.; 36 Mo.; 48 Mo.; 60 Mo.
- Opening deposit: $1,000
- Interest: Yes, Tiered APY/ Interest Rate6
- Early Withdrawal Penalty: Yes9
- Grace Period after maturity: 10 days
- Maturity Notice: Yes
- Automatic Renewal: Yes10,11
Personal Savings Products Comparison
| Accounts | Minimum Opening Balance | Account Fee | Transactions | Interest and Compounding |
|---|
| Personal Savings |
$100
|
$8 per month if average monthly collected balance falls below $500
|
$5.00 per withdrawal transaction in excess of six (6) per month
|
Tiered beginning at $.01 Compounding Daily and Credited Quarterly
|
| Student & Minor Savings |
$50 |
None |
$5.00 per withdrawal transaction in excess of six (6) per month |
Non-Tiered Compounding Daily and Credited Quarterly |
| Personal Money Market |
$500 |
$10 per month if average monthly collected balance falls below $2,500 |
$5.00 per withdrawal transaction in excess of six (6) per month |
Tiered beginning at $.01 Compounding Daily and Credited Monthly |
|
Certificate of Deposits
|
$1,000
|
Early Withdraw Penalty
|
Fixed for term
|
Terms range from 6 month to 5 years
|
1 Tiered APY/Interest Rates are based on deposit balance. Interest compounded daily, credited quarterly
2 Withdrawal & transfers to another account or to third parties by pre-authorized, automatic, telephone or computer transfers are limited to six (6) per month, with no more than six (6) by similar order to third parties. An excess withdrawal fee of $5 will be charged for each debit in excess of the six (6)
3 Sign up online banking with Quarterly eStatement to avoid $3 paper statement charge
4 Mobile Deposit Limit: $5,000 per deposit and $10,000 daily total deposit. Please refer to Mobile Deposit disclosure and terms and conditions for funds availability
5 APY/Interest Rates are based on deposit balance. Interest compounded daily, credited quarterly
6 Tiered APY/Interest Rates are based on deposit balance. Interest compounded daily, credited monthly
7 Sign up online banking with Monthly eStatement to avoid $3 paper statement charge
8 Complimentary first order of Loyal Trust Bank Custom checks
9 CD withdrawal or closure prior to maturity: CD term less than 12 months or less, 30 days interest penalty; CD terms over 12 months, 90 days interest penalty. Withdrawal penalty may reduce earning and principle balance
10 Auto renewal rate is based on the interest rate bank offered at the maturity period; CD will auto renewal into the same term as the matured CD
11 Certificate deposit interest may be credited to the CD or other Loyal Trust Bank savings or checking account. Saving for your financial future is only one phone call away.
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