| | Everyone needs to save. Whether you’re saving for a rainy day or a specific need, we have attractive options for you. We offer accounts and Certificates of Deposit (CDs) with maturities from six months to four years. Of course, Philo Exchange Bank is Member FDIC. For complete information on FDIC coverage, including how to maximize coverage if you and your family have numerous accounts, log on to www.FDIC.gov. Universal Savings | • | $50 minimum balance required to open and maintain account ($5 fee if balances drops below $50) | | • | No fees for customers age 21 or younger | | • | Interest credited quarterly | | • | Limit of six transfers per quarter ($1 fee for each additional transfer) | Money Market Deposit Account
Our money market account is a great choice when you want an account that pays an attractive, competitive rate of interest but provides limited transaction opportunities. Total transfers are limited to six per month. Current banking regulations limit the number of transfers to third parties to three per month. | • | $2,500 minimum balance ($5 monthly fee if balance drops below $2,500) | | • | Competitive, money market interest credited monthly | | • | Limit of three third party transfers per month (by regulation) | | • | Limit of six transfers per month (by regulation)
$10 fee for transfers exceeding six | (back to top)
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