Checking

CHECKING ACCOUNTS

 

Personal Checking

  • $100.00 minimum deposit to open account.
  • Unlimited number of deposits.
  • $500.00 minimum daily balance requirement to avoid monthly service charge.
  • Service charge waived if average balance is $2,500.00 or higher per cycle.

 

New Outlooks Club Account

  • $100.00 minimum deposit to open account.
  • Unlimited number of deposits.
  • $10,000.00 Accidental Death Policy.
  • Discounts on certain bank services.
  • $8.50 monthly service charge for Individual Plan.
  • $10.00 monthly service charge for Family Plan.

 

Senior Citizens Checking Account

  • Available to customers who are 62 years or older.
  • $100 minimum deposit to open account.
  • Free special senior citizens checks.
  • Free 3 X 5 safe deposit box to SCC account holders for one year.

 

Free Checking

  • $100.00 minimum deposit to open account.
  • No monthly service charge.
  • No minimum balance required.
  • No transaction fees for checks or deposits.
  • Free first book of duplicate checks (limit 50 checks).
  • Images are not returned with statement.

 

Commercial Checking Account

  • $500.00 minimum deposit to open account.
  • $8.00 service charge each statement cycle.
  • $0.15 cent transaction fee for each debit transaction during a statement cycle.
  • The account service charge and activity fees can be offset by an earning credit based on the average daily collected balance in the account during the statement cycle. The earnings credit is adjusted monthly.
  • All commercial accounts are subject to an account analysis based on account activity.

 

 

INTEREST BEARING CHECKING ACCOUNTS

 

Now Accounts

  • $500.00 minimum deposit to open account.
  • $1,500.00 minimum daily balance required to avoid monthly $10.00 service charge.
  • $10.00 service charge waived if the average balance for the cycle is $2,500.00 or higher. 
  • We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
  • Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items.
  • Interest is compounded every month and is credited to your account every month.
  • At our discretion we may change the interest rate on your account. This can occur as often as weekly.
  • Some restrictions apply. See customer service representative for details.

 

Insured Investors Accounts

  • $500.00 minimum deposit to open account.
  • $2,500.00 daily balance required to avoid $10.00 monthly service charge.
  • We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
  • Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items.
  • Interest is compounded every month and is credited to your account every month.
  • At our discretion we may change the interest rate on your account. This can occur as often as weekly.
  • Transfers from an Insured Investors Account to another account or to third parties by preauthorized, automatic, or telephone transfers are limited to 6 per month with no more than 6 by check, draft or similar order to third parties.
  • A fee of $5.00 will be charged for each debit transaction in excess of 6 during a statement cycle.