Checking Accounts
Regular Checking:
- $100.00 minimum opening balance. - Service charge: Average Daily Balance $500 & over - no monthly service charge - Average Daily Balance Below $500 - $6.00 per month *Senior Citizens are exempt from service charge Preferred Checking Account:
- $100.00 minimum opening balance - Service charge: $7.00 per month - Benefits include: $10,000 accidental life insurance policy certain types of checks free traveler’s checks and money orders free - $1.00 off Safety Deposit Box rentNOW Account:
- $500.00 minimum balance - When NOW accounts fall below minimum balance, a $5.00 monthly maintenance fee will be assessed - Minimum balances must be maintained to avoid payment of service charges and to earn interestSuper NOW Account:
- $2,500.00 minimum balance - When Super NOW account averages fall below minimum balance, a $5.00 monthly maintenance fee will be assessed and theA.P.R. (annual percentage rate) and A.P.Y (annual percentage yield) will drop to the regular NOW account rate - Interest rate varies Money Market Deposit Account:
- $2,500.00 minimum balance - When MMDA fall below minimum balance, a $5.00 monthly maintenance fee will be assessed - Interest will not accrue if balance falls below the minimum - Interest rate varies *Other restrictions applyMoney Investment Account:
- $2,500.00 minimum balance. When MIA balances fall below the minimum balance, a $10.00 monthly maintenance feewill be assessed - Interest will not accrue if balance falls below the minimum. - Interest rate varies *Other restrictions apply Savings Accounts
Passbook Savings Account:
- $100.00 minimum balance - Annual Interest Rate varies - Interest is paid quarterlyIndividual Retirement Account (IRA):
- $100.00 minimum balance - Annual Interest Rate varies - Interest is paid quarterly Christmas Club Account:
- $10 minimum balance - Interest Rate varies Certificates of Deposit:
- Interest rate varies - Maturities ranging from 30 days to 3 years NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS
All funds in a "noninterest-bearing transaction account" are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC's general deposit insurance rules.
The term "noninterest-bearing transaction account" includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes Interest on Lawyers Trust Accounts ("IOLTA’s"). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, and money-market deposit accounts).
For more information about temporary FDIC insurance coverage of transaction accounts, visit ww.fdic.gov
Bank Products
Important information: Bank of Camden will never ask you for personal information, like account numbers and or passwords through e-mail. Be aware of e-mails asking you to download programs; Bank of Camden will never ask you to do so.
Do not respond to any e-mail asking you to update your personal information online or through the phone. Only utilize the Bank numbers found on our website.
The Federal Depository Insurance Corporation (FDIC) has sent out an alert to consumers, companies and financial institutions about certain fraudulent e-mails which supposedly come from, or are related to, financial institutions. Such fraudulent e-mails are scams that use the internet as a vehicle and incorporate certain news such as mergers, acquisitions, and or bank closures to appear legitimate to obtain information.
Bank of Camden.
©2009 Bank of Camden. Member FDIC. Equal Housing Lender.
