Personal Savings

Whether you’re saving for a child’s college fund, a vacation, or your next big purchase, our savings account options can assist to reach your financial goals.

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.

Personal Savings