Personal Accounts - Savings
All accounts include the following:
• Free Internet Banking
• Free online Bill Pay
• Free Bank by Phone
At the First National Bank of Brookfield we are committed to helping you succeed.
We have created a series of straightforward savings accounts ideal for anyone. Our friendly staff can help you determine which account fits
yours needs now and in the future.
Hometown Choice Investment Account
This account features higher interest and easy access. It's ideal for anyone who wants the convenience of a savings account with CD interest rates.
Transfers must be to another FNBB account. This account includes monthly statements and three (3) free transfers each month, as long as the daily balance
is $10,000 or above.
Passbook Savings
This account features a low minimum balance requirement. It's perfect for anyone who wants to earn interest with minimum
restrictions.
Minor Passbook Savings
This account is ideal anyone who is under age eighteen (18). It features the lowest opening balance requirement,
no monthly minimum balance requirements, a passbook, and no monthly fees. It's the perfect account to get young
people started on the road to being smart savers.
Statement Savings
This account is great for anyone who wants to earn interest with minimum restrictions. It features a very low minimum balance requirement.
Super Statement Savings
This account is ideal for anyone who keeps a high balance in their savings account. This account features tiered interest rates.
Certificates of Deposit
Certificates of Deposit (CDs) are great for anyone who wants to earn a higher rate of interest for a set term. Terms of three (3) months to five (5) years are available.
Interest begins to accrue on non-cash items the business day the bank receives the deposit. Interest may be paid or compounded monthly on terms
of six (6) months or more. Simple interest on terms of less than six (6) months.
IRA - Certificates of Deposit
An IRA or Individual Retirement Account can be in the form of a Certificate of Deposit (CD). This is good for anyone planning for their retirement.
Terms of six (6) months to five (5) years are available. Interest begins to accrue on non-cash items the business days the bank receives the deposit.
Interest is compounded monthly.
IRA - Money Market
An IRA or Individual Retirement Account can be in the form of a Money Market Account. This account can be ideal for people planning for their retirement.
This account features a low minimum opening balance.
|
Minimum Opening Deposit |
Tiered Interest Rates(1) |
Number of Transfers Allowed
per Cycle |
Minimum Daily Balance to Avoid Maintenance Fee |
Monthly Fee if Balance Falls Below Minimum |
Additional Fees |
Hometown Choice Investment Account
|
$10,000 |
Yes |
3 |
$10,000 |
$25 |
In house transfers in excess of three (3) per statement cycle are $15 each. |
Passbook Savings
|
$100
|
Yes(2) |
6 per quarter |
$200 |
$7.50 (Quarterly) |
Debits over 6 are $1.50 each
|
Minor Passbook Savings
|
$.01 |
Yes(2) |
6 |
None |
None |
--- |
Statement Savings
|
$100 |
No(3) |
6 |
$300 |
$5.00 |
Debits over 6 are $1.50 each |
Super
Statement Savings
|
$2,500 |
Yes |
6 |
$2,500 |
$10.00 |
--- |
Certificates of Deposit
|
$1,000 |
Yes |
--- |
--- |
--- |
Substantial penalty for withdrawal prior to maturity |
IRA - Certificates of Deposit
|
$1000 |
Yes |
--- |
--- |
--- |
Substantial penalty for withdrawal prior to maturity
Outgoing transfers or roll-overs are subject to a documentation fee of $50 each and a $30 collection fee.
|
IRA - Money Market
|
$250 |
No |
--- |
--- |
--- |
Outgoing transfers or roll-overs are subject to a documentation fee of $50 each and a $30 collection fee.
|
Note: Interest rates and annual percentage yields (APY) are set weekly by First National Bank of Brookfield and may vary.
(1) Interest begins to accrue on non cash items the business
day the bank receives the deposit. Interest is paid and compounded monthly.
(2) On days that the balance falls below $200, no interest is accrued. Interest is paid quarterly.
(3) On days that the balance falls below $300, no interest is accrued. Interest is paid monthly.