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  FDIC Equal Housing Lender
PERSONAL DEPOSIT ACCOUNTS

When it comes to personal deposit accounts, we have the right checking and savings options to meet your individual needs.

At New Windsor State Bank, we’re ready to lend you our experience in identifying your banking goals and introducing you to the right product – whether you’re a spender or a saver.

CHECKING PRODUCTS

Checking Accounts – we believe in service and value. That’s why we offer personal checking accounts with no monthly maintenance charges

  • Basic Checking – a practical and functional checking account choice with an opening balance requirement of just $25.00
  • NOW Accounts – let your checking account work for you, simply maintain the $500.00 minimum balance requirement and earn a competitive rate of interest. Interest rate is a variable rate and may change at the Bank's discretion. Fees may also reduce earnings
  • Super NOW Accounts – by maintaining the $2,500.00 minimum balance requirement your account earns our most competitive interest rate. Interest rate is a variable rate and may change at the Bank's discretion. Fees may also reduce earnings.
  • Money Market Accounts – our highest interest-yielding checking account with tiered interest earnings. Minimum balance requirement of $1,000.00 with higher balances earning higher interest rates. Interest rate is a variable rate and may change at the Bank's discretion. Fees may also reduce earnings

Convenient and Easy Access Checking Features –
for around-the-clock access and ease of banking to fit your busy lifestyle.

  • Direct Deposit – for safety and assurance of knowing that your money is deposited quickly and hassle free
  • ATM/Debit Cards – access your funds 24-hours a day from any ATM and make purchases without having to write a check
  • NWSB Visa® Check Card – upgrade your debit card to a Visa Check Card for added benefits and purchasing power
  • Check Protect – a valuable safety net that protects your checking account from overdraft charges
  • 24 Hour Bank Line – get bank information, access your accounts and make transactions by telephone – 24-hours a day,
    365 days a year
  • NWSB On-line 24 – conveniently manage your accounts on the Internet – safely and securely – when it’s the right time for you

You can rest easy knowing your account(s) are backed by the security of the Federal Deposit Insurance Corporation (FDIC) Please ask for details.
(certain restrictions apply)

SAVINGS PRODUCTS

Savings Accounts – our FDIC-insured* savings plans offer a variety of options to make sure that your money is always working for you.
  • Passbook Savings – open this traditional savings account with as little as $5.00 to earn competive interest rates. Deposits, withdrawals and interest earned are recorded in your personal passbook with no monthly statement being mailed. Interest rate is a variable rate and may change at the Bank's discretion. Fees may also reduce earnings
  • Statement Savings – pays a higher interest rate than the Passbook account and offers a monthly statement from which to reconcile the account register that you maintain. Open a Statement Savings account today for just $5.00 and earn competitive interest rates. Interest rates are a variable rates and may change at the Bank's discretion. Fees may also reduce earnings
  • Smart Savers Club – a simple interest account that offers hands-off savings options with a check issued in either May, August or October. Begin saving today – with no minimum opening deposit requirement

Certificates of Deposit – our variety of competitive, fixed-rate, FDIC-insured* CDs feature term and rate options to ensure that your investment goals are fulfilled.

  • Terms from 90 days to 5 years
  • Minimum opening deposits as low as $500.00
  • Interest can be paid out, deposited in your checking or savings or added to the CD
  • Automatic renewal at maturity if not redeemed
  • A penalty may be imposed for early withdrawal

* some restrictions apply to FDIC insurance coverage

 

IRAs – a well-chosen Individual Retirement Account can be the key to the security of your financial future. Our FDIC-insured*, guaranteed-return Certificate of Deposit IRAs are a worry-free retirement savings vehicle, however, a penalty may be imnposed for early withdrawals

  • Traditional IRAs – a Traditional IRA is a great way to save for your retirement with competitive, dependable interest rates and a minimum opening deposit as low as $500.00
  • Educational IRAs – the smart, tax deferred way to invest for your child’s or grandchild’s future education with a minimum opening deposit as low as $500.00
  • Roth IRAs – the ideal, long-term savings vehicle that allows for tax-free withdrawals with no minimum distribution requirements or limits on age for contributions. Open your ROTH IRA today with a minimum opening deposit as low as $500.00

* some restrictions apply to FDIC insurance coverage

 

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