Personal Savings
   

   Common features among accounts:
  • Personalized withdrawal and deposit slips provided free of charge.
  • Savings accounts accessible through online and mobile banking.

Personal Savings

Features  Money Market (1)   Regular Savings (1)   Young Savers (2)   Looney Tunes (2)  
Age group   18+   18+   12 through 17   Birth through 11  
Minimum to open   $1,000   $100  $10   $5  
Minimum to earn interest   No minimum required   $100   $25   No minimum required  
Minimum to avoid monthly charge   $1,000   $100   No minimum required   No minimum required  
Monthly charge (if minimum not met)   $7   $3   $0   $0  
Excess withdrawal fee   $5/item (1)   $2/debit over 3/mo   $2/debit over 3/mo   None  
Excess item charge (3)   $.25/item over 150/mo   $.25/item over 150/mo   $0   $0  
Personalized checks   Free   Unavailable   Unavailable   Unavailable  
Personalized withdrawal and deposit slips     Free   Free   Free   Free  
Visa Check Card (4)(5)   Free  Unavailable   Unavailable   Unavailable  
ATM Card (4) (5)   Free  Free  Unavailable   Unavailable  
Security Federal Bank ATM usage   Free   Free   Unavailable   Unavailable  

(1) A Money Market or Regular Savings account can be used as a companion to a checking account for overdraft protection. Withdrawals on a money market or regular savings account are limited to 6 per month when using preauthorized, automatic transfers or transfers to another account.
(2) Young Savers and Looney Tunes accounts are designed to make it fun for our youth to learn the value of saving money.
(3) Items include debits, credits and checks deposited.
(4) Visa Check Cards and ATM Cards are issued subject to approval.
(5) Other-bank ATM usage is free up to four times per month. The other bank may impose an ATM surcharge.

   

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