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Federal Law restricts the number of transfers and withdrawals from Money Market and Savings accounts to no more than six per month to another account of yours, or to a third party by means of a pre authorized or automatic transfer, or telephone (including ACH) agreement, order or instruction. No more than three of the six transfers may be made by check, draft, check care or similar order and payable to third parties.
Statement Savings Account
 Minimum to open $500.00
Minors under 18 years of age can open with $100.00.
A monthly minimum balance fee of $3.00 will be imposed every quarterly statement cycle if the account falls below the $500.00 on any day of the cycle. This will not apply to minors under 18 years of age if certifying documentation has been filed with the bank.
Limited to four transactions per month. Excessive withdrawal fee of $3.00 will be charged for each withdrawal in excess of four during a month.
Ask us how you can earn interest on your savings account!
Money Market Account
$2,500.00 minimum balance.
$15.00 fee if balance falls below the minimum balance.
Limited to six transactions per month. An excessive withdrawal fee of $7.50 will be charged for each withdrawal in excess of six during a statement cycle.
$1,500.00 Bounce Protection Overdraft limit is granted after the account has been in good standing for 30 days. NSF item fee of $25.00 applies. The $1,500.00 is inclusive of all NSF charges.
Ask us how you can earn interest on your account!
| NOTICE TO ALL CLASSIC BANK BOUNCE PROTECTION CUSTOMERS |
| Your available balance may include your Bounce Protection limit. You will incur a $25.00 NSF (Non Sufficient Funds) fee each time you access your Bounce Protection Limit. A fee may be imposed for paying overdrafts created by check, in-person withdrawal, ATM withdrawal, POS transaction, or other electronic means. Generally, you must bring your account to a positive balance at least once every 30 days. Typically, we do not pay overdrafts if your account is not in good standing, or you are not making regular deposits, or you exceed the predetermined Bounce Protection Limit. |
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Individual Retirement Account (IRA)
$1,000.00 minimum to open account
12 to 18 month accounts opened at fixed rate.
IRAs are automatically renewed unless you request otherwise.
Penalties imposed for early withdrawals.
Time Account Terms
TERM |
MINIMUM BALANCE |
PENALTY |
30 days |
$2,500.00 |
forfeit accrued interest |
91 days |
$2,500.00 |
forfeit accrued interest |
182 days |
$2,500.00 |
91 day interest |
12 months |
$2,500.00 |
182 day interest |
18 months |
$2,500.00 |
182 day interest |
24 months |
$2,500.00 |
182 day interest |
36 months |
$2,500.00 |
182 day interest |
Interest can be reinvested into CDs, added to a demand deposit account with our bank, or by check. CDs automatically renew unless requested otherwise.
Investor Certificates of Deposit
TERM |
MINIMUM BALANCE |
PENALTY |
182 days |
$2,500.00 |
91 day interest |
12 months |
$2,500.00 |
182 day interest |
You can make deposits in $100.00 increments into the Investor Certificates
of Deposit. Interest can be reinvested into CDs, added to a demand deposit account with our bank, or by check. CDs automatically renew unless requested otherwise.
Rates are available upon request. For rate information please call:
Cameron 1-800-789-6461 1-254-697-6461
Giddings 1-979-542-6666
Rosebud 1-254-583-7931
Rockdale 1-512-446-9444
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