Personal Savings

Savings Account

• $100 MINIMUM to open account
• $15.00 quarterly service charge if balance falls below
  $100 any day of the quarter
• Limit of six (6) withdrawals per quarter; $5.00 per
  withdrawal over six (6)
• Variable rate account
• Interest credited to account quarterly

Money Market Account

• $500 MINIMUM to open account
• $10.00 monthly service charge if balance falls below
  $500 during a statement cycle; a $5.00 fee will be charged for each withdrawal, check or debit paid in excess of six (6) during the statement cycle
• Unlimited withdrawals may be made via teller or ATM
• Variable tiered rate account
• Interest credited to account monthly
• No interest paid if balance falls below $500

Certificates of Deposit

• $2,500 to open for maturities less than one (1) year
• $500 to open for maturities greater than one (1) year
• Interest paid at maturity on six (6) months or less and quarterly for terms of one (1) year or more
• Substantial penalty for early withdrawal
• Contact a bank representative for current rates.
• Ask about our Easy Riser Certificate

Individual Retirement Account

An IRA (Individual Retirement Account) is an account set up at a financial institution allowing an individual to save for retirement with tax-free growth or on a tax-deferred basis*. Bank of Forest allows you to invest funds using the same APR/APY as our Certificates of Deposit**.

We offer Traditional and Roth IRAs for your convenience.

* Always consult your accountant or financial advisor before opening, contributing to, or withdrawing from an IRA.

**Other rules and penalties may apply