|
Statement Savings
Passbook Savings
Holiday Savings Club
Money Market
Jumbo Money Market
Certificate of Deposit
Individual Retirement
STATEMENT
SAVINGS
-
Interest bearing
account. Interest is earned from day of deposit to day of
withdrawal and is compounded and credited monthly. Interest rates
are variable and subject to change.
-
Maintain a daily
balance of $200 or more to earn interest and waive monthly service
charge. If the balance drops below $200 at any time during the
month, a monthly service charge of $2.00 will be assessed. **When
a Statement Savings Account is opened in conjunction with a new or
existing Checking Account the $200 minimum balance requirement
will be waived for the first year.
-
Electronic
Statement and/or Monthly statement
which can be combined with any of your other checking,
savings, money market or CD accounts to provide you with a single
monthly statement.
-
Convenient account
access with our ATM Card, 24-hour Telephone
Banking System and WinOnLine, Online Banking and Bill Payment.
-
Overdraft
Protection Option is available to automatically transfer funds
from your statement savings to your checking account in order to
pay for checks that are presented for payment without sufficient
funds. The total amount necessary to cover ALL items for the day
is transferred to your checking account and a $5.00 overdraft
protection service charge will be applied to your statement
savings account.
-
Direct Deposit.
-
Click
here for current interest rates.
back
to top
PASSBOOK
SAVINGS
-
Interest bearing
account. Interest is earned from day of deposit to day of
withdrawal and is compounded and credited monthly. Interest rates
are variable and subject to change.
-
Maintain a daily
balance of $100 or more to earn interest and waive monthly service
charge. If the balance drops below $100 at any time during the
month, a monthly service charge of $2.00 will be assessed.
-
Free from monthly
service charge if the accountholder is under age 18 or over age
62.
-
Direct Deposit.
-
Click
here for current interest rates.
back
to top
HOLIDAY
SAVINGS CLUB ACCOUNT
-
The Holiday Savings Club
account will earn simple interest, paid at maturity. If the
account is closed before the maturity date of the account, all
earnings will be forfeited. There
is no minimum balance requirement in order to avoid service
charges and there is no minimum balance requirement in order to
earn interest.
The Holiday Savings Club account is a variable rate account and
therefore, interest rates may be subject to change.
-
No monthly
service charge. However, each withdrawal made prior to the
maturity date will incur a $5.00 service charge.
-
Weekly, bi-weekly
or monthly deposits can be made automatically from your checking
or statement savings accounts into your Christmas Club account.
-
Upon
maturity of the account on October 15th of each
calendar year, the maturity balance including any accumulated
interest will be available for withdrawal without a transaction
fee through December 31st of that calendar year.
All withdrawals made after December 31st and
before the maturity date of the account will incur a $5.00
transaction fee. The
Holiday Savings Club passbook is required for all withdrawal
transactions.
-
Click
here for current interest rates.
back
to top
MONEY
MARKET INVESTMENT ACCOUNT
-
Premium tiered
interest rates - the higher your balances, the more you earn.
Interest is earned from day of deposit to day of withdrawal and is
compounded and credited monthly. Interest rates are variable and
subject to change.
-
No monthly
service charge when you maintain a daily balance of $2,500 or
more. If the balance drops below $2,500 at any time during
the month, a monthly service charge of $8.00 will be assessed.
-
Account balances
are liquid and can be accessed at any time. You may withdraw
funds in person at any time and write up to 3 third
party checks per month.
-
Electronic
Statement and/or Monthly statement
which can be combined with any of your other checking, savings,
money market or CD accounts to provide you with a single monthly
statement.
-
Overdraft
Protection Option is available to automatically transfer funds
from your money market account to your checking account in order
to pay for checks that are presented for payment without
sufficient funds. The total amount necessary to cover ALL items
for the day is transferred to your checking account and a $5.00
overdraft protection service charge will be applied to your money
market account.
-
Click
here for current interest rates.
back
to top
JUMBO
MONEY MARKET INVESTMENT ACCOUNT (with checks)
-
Earn Our Highest
Tiered Interest Rates - the higher your balances, the more you
earn. Interest is earned from day of deposit to day of
withdrawal and is compounded and credited monthly. Interest rates
are variable and subject to change.
-
No monthly
service charge when you maintain a daily balance of $5,000 or
more. If the balance drops below $5,000 at any time during the
month, a monthly service charge of $10.00 will be assessed.
-
Account balances
are liquid and can be accessed at any time. You may withdraw
funds in person at any time and write up to 3 third
party checks per month.
-
Electronic
Statement and/or Monthly statement
which can be combined with any of your other checking, savings,
money market or CD accounts to provide you with a single monthly
statement.
-
Click
here for current interest rates.
back
to top
CERTIFICATES
OF DEPOSIT
Windsor Federal Savings offers certificate of deposit products to help
you get the most for your dollar. All of our CDs are tiered rate
accounts and that's good news for you because the higher your balance
... the higher the interest rate! Our
certificates of deposit generally have terms ranging from 3 months to
5 years with a minimum balance requirement of $1,000.
For CD terms of less than 1 year, you may select the specific
date on which you would like your account to mature.
In addition to these standard feature CDs, we also offer three
special feature CDs; a 9 month and 18 month “20/20 Bump-Up” CD.
-
Earn
premium tiered interest rates – the higher your balance, the
more you earn. The
interest rate is fixed for the term of the certificate.
Interest is earned from day of deposit to day of withdrawal
and is compounded and credited monthly.
-
All
interest that has been credited to the account may be
withdrawn at any time. In
addition, you may have your monthly interest automatically
transferred to any checking, savings or money market account at
Windsor Federal Savings.
-
Upon
maturity, there is a 10 calendar day grace period during which
you may change the term, transfer funds to another the
renewal term specified in the “Certificate of Deposit
Disclosure” and at the prevailing interest rate for that term,
unless otherwise disclosed.
-
Electronic
Statements and/or Monthly
statements are provided for all certificate of deposit
accounts. In addition, we can combine all of your account
statements into a single monthly statement.
-
Click
here for current interest rates.
9
MONTH AND 18 MONTH “20/20 BUMP-UP” CD
-
“Bump-Up”
Feature
– This feature enables you to change the
interest rate once
during the term of the certificate of
deposit to the rate currently in effect
for the “20/20 Bump-Up” CD.
The “Bumped-Up” interest rate
will remain in effect for the remainder of
the certificate term and will not affect
the maturity date of the CD.
-
“20/20”
Feature – This feature enables you to
add up to 20% of the original amount of
the certificate of deposit once
during
the certificate term and/or withdraw up to
20% of the original amount of the
certificate of deposit once
during
the certificate term.
The one time deposit or withdrawal
of funds during the term will not affect
the maturity date of the CD.
-
All
other features of our regular certificates
of deposit described above apply to the
“20/20 Bump-Up” CD.
-
Click
here for current interest rates.
back
to top
INDIVIDUAL
RETIREMENT ACCOUNTS
Individual Retirement Accounts have come a long way! They can help you
purchase your first home, save for future education, and of course,
save for retirement! Windsor Federal Savings offers a full range of
IRA products, please contact us or visit
any of our convenient branches and we'll be happy to help you choose
the IRA product that is right for you.
-
Individual
Retirement Account Certificates of Deposit
range from 3 months to 5 years and the
minimum balance to open an IRA CD is
$1,000 except for the 1 year IRA CD which
has a minimum balance to open of $100.
-
In
addition to the above certificates, we
also offer a 9 month and 18 month IRA
“Bump-Up” CD.
The “Bump-Up” feature enables
you to change the interest rate once
during the term of the certificate of
deposit to the rate currently in effect
for the 9 month or 18 month IRA
“Bump-Up” CD.
The Bumped-Up interest rate will
remain in effect for the remainder of the
term and will not affect the maturity date
of the CD.
-
The
interest rate is fixed for the term of the
certificate.
Interest is earned from day of
deposit to day of withdrawal and is
compounded and credited monthly.
-
The
1 year IRA CD is ideal for the individual
that is attracted by the small initial
deposit requirement and the
ability to make additional contributions
of $20.00 or more at any time.
-
The
18 month IRA “Bump-Up” CD is ideal for
the individual that has $1,000 or more for
the initial contribution but would like to
make additional contributions of $20.00 or
more at any time.
In addition, both of these CD’s
offer penalty free withdrawal privileges
to coincide with the flexibility built
into the Roth IRA regulations.
-
Upon
maturity, there is a 10 calendar day grace
period during which you may change the
term of the certificate of deposit or
transfer the funds to another account
without penalty.
After the grace period expires, if
you have not instructed us otherwise, we
will automatically renew the certificate
for the
renewal term specified in the
“Certificate of Deposit Disclosure”
and at the prevailing interest rate for
that term, unless otherwise disclosed.
-
Click
here for current interest rates.
back
to top
|
Equal
Housing Lender