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 Saving
for the future or for a special purchase is an important part of your
personal financial planning. Greater Rome Bank offers several options
to assist you in reaching financial goals including short-term and
long-term investments.
Classic Savings Account
Personal Money Market Account
Prime Related Money Market Account
Certificates of Deposit (CDs)
Individual Retirement Accounts (IRAs)
Current
Rates
With a minimum opening deposit of $100 a Classic Savings Account may be established. This account has tiered rates and will reward those customers who maintain higher balances.
*The monthly maintenance fee is waived for minors (under the age of 18) and full-time students
A minimum opening deposit of $500 will open a Personal Money Market Account which earns a competitive rate of interest. Federal regulations limit third party or pre authorized transfers to six (6) per statement cycle, of which only three (3) may be made by check or draft. A fee of $5.00 will be charged for each withdrawal in excess of six (6) during a statement cycle.
A minimum opening deposit of $1,000 will open a Prime Related Personal Money Market. Federal regulations limit third party or pre authorized transfers to six (6) per statement cycle, of which only three (3) may be made by check or draft. A fee of $10 will be charged for each withdrawal in excess of six (6) during a statement cycle.
For longer term investments with higher yields, open a Certificate of Deposit for as little as $500 for a specific period of time. Rates vary according to the term selected, and you choose when interest is paid: monthly, quarterly, semi-annually or at maturity. Certificates of Deposit are subject to a penalty for early withdrawal.
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