piggy bank
It’s never too soon to start saving for the future. First Bethany makes it easy with four great products! And, you can access up-to-date information on your account FREE 24/7 with BETH telephone banking at (405) 789-2572; Internet Banking @ www.firstbethany.com Mobile Banking via smart phone or tablet app. Select one that’s right for you!
Customer Identification Requirements
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.
Savings is an interest bearing consumer account designed for personal, family, or household use.
Youth Savings is an interest bearing consumer account designed for those under age 18.
This account is for individuals who are participants in a Qualifying High Deductible Health Plan with separate minimum deductibles and total annual out-of-pocket expenses for both individuals and families. Amounts are subject to change by government regulation.
Provides investments for 91 days, 6 months, 1 and 2 years. IRA CDs are 1 year investments. O.R.B.I.T. CDs are 2-year investments. Automatically renewable CDs have a 10-day grace period at maturity. Single maturity CDs do not earn interest after maturity date. Government and bank penalties may be imposed for early withdrawal before age 59½ on IRA CDs. Bank may assess a $25.00 fee for closing an IRA before age 70½. O.R.B.I.T. CDs allow 1-time bump in rate during 24-month term. IRA CDs are not eligible for the O.R.B.I.T. CD.
| Account | Deposit Requirements | Minimum Balance Requirements | Statements | Interest2 | Quarterly Service Charge |
|---|---|---|---|---|---|
| Savings | SAVINGS $100.00 minimum opening deposit
BUSINESS SAVINGS $350.00 minimum opening deposit | $100.00 Daily | Quarterly Secure e-Statements recommended | $100.00 & Over | $6.00 Quarterly if daily balance falls below $100.00
ACTIVITY FEES Per debit3 over 3 per calendar quarter4 - $1.00 |
| Youth Savings | $25.00 minimum opening deposit | $25.00 Daily | Quarterly Secure e-Statements recommended | $25.00 & Over | FREE ACTIVITY FEES Per debit3 over 3 per calendar quarter4 - $1.00 |
| Health Savings | $100.00 minimum opening deposit | NONE | Quarterly Secure e-Statements recommended | All balances | NONE |
| Certificates of Deposit | CD $1,000.00 minimum opening deposit
IRA CD $100.00 minimum opening deposit O.R.B.I.T. CD5 $1,000.00 minimum opening deposit | CD $1,000.00
IRA CD $100.00 1-Yr investment O.R.B.I.T. CD $1,000.00 24-Month Term | Per CD terms | All balances; fixed rate; varies with investment term. | NONE
CD - Penalty for early withdrawal. IRA CD - No penalty if over 59½. If closed before age of 70½ - $25.00 may be assessed6 |
2Interest is computed on the collected balance according to the daily balance method and paid according to the contract for individual account type. Interest begins to accrue on CDs the business day of deposit. For all other interest-bearing accounts, interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items. Fees and penalties charged for balances falling below minimums will lower APY. (Annual Percentage Yield) Variable interest rates may change at any time at Management’s discretion. Accrued interest will not be paid to Senior NOW, NOW, Savings, Health Savings, Gold Money Market or Money Market accounts that close before interest is credited.
3Debits are any withdrawals made from the account except bank-related fees &/or service charges.
4The number of withdrawals and/or transfers from this type of account may be subject to fees. During each statement cycle, a $1.00 fee may be assessed if six (6) or more withdrawals or transfers are made to another bank account of yours or to a third party by means of pre-authorized, automatic, telephone or electronic transaction. The bank requires proper identification for each withdrawal.
5You may elect to increase the rate one time during 24-month term. Interest rate is limited to the rate in effect for the same CD product at the time of your request and the new interest rate will be paid for the remaining account term. If you exercise the bump rate option, only the rate will change. All other terms, conditions and the maturity date will remain the same. The updated or bumped Interest Rate will become effective within three business days after we receive your notice. The new Interest Rate will not be applied retroactively. Individual Retirement Accounts are not eligible for the O.R.B.I.T. CD.
6Government and bank penalties may be imposed for early withdrawal before age 59½. Bank may assess a $25.00 fee for closing an IRA before age 70½.
