Savings Accounts

Savings Accounts

Two withdrawals are permitted per month. Withdrawals in excess of that will be $2.00 each. A minimum balance of $50.00 must be maintained monthly to avoid a monthly maintenance charge of $3.00.  In addition if the account balance falls below $50.00 during the first 90 days, a $30.00 penalty may be applied for falling below the minimum new account balance.

Christmas Club Account

Special consumer savings accounts are offered to avoid the onset of debt frequently occurring for the Christmas holiday shopping time. A special interest rate is offered on these accounts and many are set up by payroll deduction from local employers. In order to discourage using these funds prior to Christmas, the Bank of Evergreen imposes a $30.00 fee and the forfeiture of all interest accrued if this account is closed prior to maturity.