Deposit Rates & Yields
Certificate Of Deposit Accounts &
Certificate Of Deposit Individual Retirement Accounts
CD's and IRA's feature daily interest compounding and require a minimum deposit of $1,000.00 to obtain the stated Annual Percentage Yield. There is a penalty for early withdrawal.
| Certificate of Deposit | IRA/ROTH | Interest Rate | APY |
|---|---|---|---|
| 32 Days | NO | 0.15% | 0.15% |
| 91 Days | NO | 0.15% | 0.15% |
| 182 Days | 182 Days | 0.25% | 0.25% |
| 12 Months | 12 Months | 0.75% | 0.76% |
| 18 Months | 18 Months | 0.59% | 0.60% |
| 24 Months | 24 Months | 0.80% | 0.81% |
| 30 Months | 30 Months | 0.93% | 0.95% |
| 36 Months | 36 Months | 1.00% | 1.02% |
| 48 Months | NO | 1.40% | 1.43% |
| 60 Months | NO | 1.66% | 1.70% |
Flex Accounts
Flex Accounts are a tiered statement savings account. You must deposit $10.00 to open this account and maintain a minimum daily balance of $10.00 to earn interest and the stated APY. A service charge of $2.00 will be imposed every month that the average daily balance in the account for the month falls below $200.00. This fee is waived if the primary account holder is under the age of 18.
| Tier | Interest Rate | APY |
|---|---|---|
| 1 – $10.00 - $499.99 | 0.20% | 0.20% |
| 2 – $500.00 - $4,999.99 | 0.40% | 0.40% |
| 3 – $5,000.00 - $24,999.99 | 0.60% | 0.60% |
| 4 – $25,000.00 - $49,999.99 | 0.80% | 0.80% |
| 5 – $50,000.00 - $99,999.99 | 0.90% | 0.90% |
| 6 – $100,000.00 - and over | 1.00% | 1.01% |
NOW Checking Accounts
NOW Checking Accounts are for personal use and have a rate of .15% and an APY of .15%. You must deposit $100.00 to open this account and maintain a minimum daily balance of $10.00 to earn interest and the stated APY. A service charge of $5.00 will be imposed every month that the Average Daily Balance in the account for the month falls below $700.00. Maple City Savings will pay for your first 50 checks! To help you from overdrawing your account, Courtesy Transfer service is available by linking this account with a secondary demand deposit account. This account allows Five (5) free foreign ATM or POS transactions monthly. See our EFT Agreement and Disclosure for information regarding MasterMoney™ Card privileges. Courtesy Transfer is NOT an Overdraft Line-Of-Credit.
This account may have optional CheckMinder Laser Image Statements and can utilize I-Bank with Bill Pay.
Free Checking Accounts
Free Checking Accounts are for personal use and do not earn interest. You must deposit $25.00 to open this account. To help you from overdrawing your account, Courtesy Transfer is available by linking this account with a secondary demand deposit account. See our EFT Agreement and Disclosure for information regarding MasterMoney™ Card privileges. Courtesy Transfer is NOT a Line-Of-Credit.
This type of account can utilize I-Bank with Bill Pay.
Basic Checking Accounts
Basic Checking Accounts are checking accounts that do not earn interest. You must deposit $25.00 and work or live in our market area to open this account. You must maintain a minimum daily balance of $0.01. A minimum service charge of $3.00 will be imposed every month and there is an additional charge of $0.50 for each additional withdrawal over the maximum of eight (8) per periodic cycle, including a withdrawal at any electronic facility not owned by Maple City Savings. Basic account holders may only use plain design Harland-Clarke™ traditional checks.
Daily Savings Accounts And Ira/Roth Daily Accounts
Daily Savings Accounts and Ira/Roth Daily Accounts have a rate of .15% and an APY of .15%. You must deposit $10.00 to open this account and maintain a minimum daily balance of $10.00 to earn interest and the stated APY. A service charge of $2.00 will be imposed on the daily savings account every month that the average daily balance in the account for the month falls below $200.00. This fee is waived if the primary account holder is under the age of 18.
Johnny Appleseed Junior Ecology Club Savings Accounts
Our Johnny Appleseed program is designed to encourage children, ages 3 to 13, to learn how to save regularly in their own savings account. The months of February, April, June, August, October & December are “Savings Incentive Months”. Children adding the required amount ($5.00) to their savings during these special months receive a "Thank You" gift which we will give to them at the time of the deposit. These passbook savings accounts have a rate of .15% and an APY of .15%. You must deposit $10.00 to open this account and maintain a minimum daily balance of $10.00 to earn interest and the stated APY.
Christmas Club Accounts
Christmas Club Accounts Have a rate of .15% and an APY of .15%. You must deposit $5.00 to open this account and maintain a minimum daily balance of $10.00 to earn interest and the stated APY. The last day to contribute to your 2011Club Account is September 30, 2011 and your club proceeds will be distributed by check or direct deposit shortly thereafter.
Moneymarket Accounts
Moneymarket Accounts feature simple interest and have a rate of .15% and an APY of .15%. You must deposit $1,000.00 to open this account and maintain a minimum daily balance of $1,000.00 to obtain the stated APY.
We generally define our market area to include the New York counties of Steuben, Allegany and Livingston. We reserve the right to accept or deny any and all depository requests from any other state or county. Maple City Savings reserves the right to refuse accounts and/or the use of an account at its discretion and to terminate any depository relationship at any time and without notice. At this time, Maple City Savings Bank, FSB does not allow accounts to be opened via the internet, or other electronic mean.
| Account Fees | |
|---|---|
| Abandoned Account Fee | $10.00 each |
| Account Reconciliation ($20.00 Minimum) | $20.00 p/hour |
| Checks Returned (Drawn on another bank) | $20.00 each |
| Closing a Christmas Club early | $15.00 each |
| Closing a NOW, HSA, Free, Flex, MMA or Daily Savings Account within 6 months of opening date | $15.00 each |
| Collection Item Fee | $30.00 each |
| Copy of Account History | $1.00 each |
| Courtesy Transfer Service Fee (FREE Checking Accounts) | $5.00 each |
| Courtesy Transfer Service Fee (NOW Accounts) | $3.00 each |
| CheckMinder Laser Image Statements (optional only on NOW or MMA Accounts) | $10.00 Monthly |
|
Replacement copy of a NOW or MMA with CheckMinder Laser Image Statement previously provided *if statement exceeds 5 pages, add $1.00 per page |
$10.00 each* |
| Encoding Charge for NOW, H.S.A., MMA, HELOC or Free Checking Account Checks | $1.00 each |
| Exceeding six (6) transfers or withdrawals per month from a MMA account | $7.00 each |
| Foreign Country Check Fee | $20.00 each |
| Insufficient Funds (NSF) or returned Electronic Debit (FREE Checking Accounts) | $35.00 each |
| Insufficient Funds (NSF) or returned Electronic Debit (NOW, MMA & HSA Accounts) | $30.00 each |
| IRA or HSA Transfer Fee. To have Maple City Savings prepare a transfer or IRA or HSA funds on your behalf | $25.00 each |
| Lost Passbook Fee | $15.00 each |
|
Non-proprietary ATM or PIN-based (Point of Sale) transaction. (NOW Account customers get 5 (Five) free transactions per month) |
$1.00 each |
| Photocopy of Check, Draft, or Deposit (HSA, NOW, HELOC, Free Checking & MMA Accounts) | $3.00 each |
| Replacement of a lost Debit Card and/or PIN | $7.00 each |
| Research Fee (1 Hour Minimum) | $20.00 p/hour |
| Subpoena, Tax Levy or Restraining Notice Preparation Fee | $75.00 each |
| Wire Transfer Fee (Incoming and Outbound) | $45.00 each |
| Customer Photocopying or Faxing | $.25 each |
| Safe Deposit Box replacement key (if customer has remaining key) | $25.00 each |
| Safe Deposit Box drilling and re-keying (if customer has lost both keys) (Minimum) | $150.00 each |
| Protest Fee | $20.00 each |
| Coin Counting (to count loose change) For Maple City Savings Bank Customers | $ 5% of total |
| Stop Payment Fee (for Checks, Bill-Pay Checks, Money Orders, Cashier's Checks and ACH's) | $30.00 each |
| Fees for Non-Customers | |
|---|---|
| Check Cashing Fee - check amount up to $500.00 | $5.00 each |
| Check Cashing Fee - check amount $500.01 to $1,000.00 | $15.00 each |
| Coin Counting (to count all change) For Non-Customers | $ 10% of total |
| HELOC Fees | |
|---|---|
| HELOC Inactivity Fee - If your Home Equity Line of Credit is not used in a 12 month period | $25.00 |
| HELOC Overdraft Fee - If you write a check which overdraws your HELOC credit limit | $30.00 each |
| HELOC Overdraft Penalty - If you overdraft amount exceeds your Overdraft Limit | $35.00 each |
| Negotiable Item Costs | |
|---|---|
| Cashier's Check ($1,000.00 and over) | $5.00 each |
| Money Orders (Up to $999.99) | $4.00 each |
| Gift Checks | $2.25 each |
| I-Bank and Bill Pay Fees | |
|---|---|
| If you cause us to send written correspondence to a Bill Pay payee, you will be charged | $10.00 each |
| If you request proof of payment made through Bill Pay (not necessitated by a dispute) | $10.00 each |
| Bill Pay Payments returned due to customer error | $5.00 each |
|
To expedite a Bill Pay payment you will be charged one of the following: Overnight Fee: 2nd Day Fee: |
$16.50 each $11.50 each |
| Reinstate Fee (If your ability to send rush payments has been suspended) | $60.00 each |
| Charitable Donation fee: | $2.00 each |
These fees are accurate as of the date of this notice. All fees are subject to change at any time at our discretion. Current interest rates, annual percentage yields and fees on all depository accounts are available upon request by calling (607)324-1822.
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