Savings and CDs

Most people want a savings or investment plan to do certain things for them at different times of their lives.

Whether you want your savings to help meet household or emergency needs, or you want to take advantage of other investment opportunities, National Bank and Trust offers a plan for everyone's life-style. Contact us for more information.

Regular Savings
This traditional savings account is ideal for those wanting to create a savings habit or to have cash for household expenses, education, vacation or simply the peace of mind of having cash for a rainy day. The account can be opened with only $10 and there is no minimum balance to earn interest.

Other features include interest compounded every day and credited every month; and two withdrawals per month at no charge. (A $1.00 fee is charged for each additional withdrawal and a $3.00 fee is charged if the minimum daily balance falls below $250.) A monthly statement is provided to you which summarizes your balance, account activity, and the interest your account has earned.

The Really Awesome Dollars (RAD) Account
A fun way to save and learn. This account is for our customers under age 16 and helps teach them about the value of saving money and setting a goal. A minimum deposit of $1.00 is required to open the account and deposits can be made with as little as $0.25. Interest is compounded every day and credited every quarter.

Personal Investment Account
This savings plan offers you the opportunity to earn more on your money because interest rates are tiered. (A monthly maintenance fee of $8 will be charged every statement cycle if the minimum daily balance for the cycle falls below $2,500 in this account any day of the cycle.) Interest is compounded every month and credited every month. You may make a total of six withdrawals per month at no charge. (A $3 fee is charged for each additional withdrawal or transfer.) A monthly statement will summarize your balance, account activity, and the interest your account has earned.

There is no charge for this account if you maintain a minimum daily balance of $2,500 or more and only $8 a month if your minimum daily balance is below $2,500.

Money Builder Account

·   Minimum opening balance is $10,000. If you fall below $10,000 there is a monthly fee of $25.

·  Variable interest rate with 6 tiers.

· Check access; customer can order 25 personalized checks at the Banks’ expense.

·  Up to 6 withdrawals per month at no cost; transaction fee of $3.00 will be charged for each additional withdrawal.

·   If the account closes within the first 6 months, a $50 closing fee will be charged.

Certificates of Deposit
Interest rates will vary based on the term of the certificate. Except for leap year, interest is calculated on an actual 365-day basis. You can choose to have your interest paid monthly, quarterly, semiannually, or annually. For fixed-rate certificates only, the interest rate does not change until maturity.

To assist you in selecting your certificate we offer...

Short Term Certificates

• $1,000 minimum deposit
• Maturities of less than one year

Long Term Certificates

• $500 minimum deposit
• Maturities of one year or longer

Jumbo Certificates

• $100,000 minimum deposit
• Maturities of seven days or longer

All certificates are automatically renewable unless specified otherwise, and a substantial penalty is required for early withdrawal.

Individual Retirement Accounts
It's never too early to start a retirement plan that will allow you to enjoy a secure life-style in your later years. You can choose between our traditional certificate of deposit IRA with insured returns or choose a self-directed IRA available through our Trust Department.

U.S. Savings Bonds
When you buy U.S. Savings Bonds you're investing in the future of America. In addition, U.S. Savings Bonds provide you with safety and a competitive return on your money. For more information, ask for the publication Your Guide to Buying and Redeeming U.S. Savings Bonds.

Holiday Club
Meet holiday expenses without worry with our Holiday Club account. Each week, you deposit a set amount in this 50-week account. Interest is compounded every year and credited every year.

Holiday Club accounts are available in the deposit amount you choose and can be opened beginning the third week of October. Club checks are issued at the end of the following October - in time for holiday shopping.