Personal Services
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| Personal Services |
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Savings/CD
At Vineyard Bank we understand that managing finances is important, and finding the right banking partner can make all the difference in your financial success. You are our inspiration, and we are dedicated to exceeding your expectations. We care about you, and are committed to building a relationship to help you achieve your dreams for financial success by providing solutions for all your banking needs.
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Savings
- Minimum to open: $100
- Monthly service fee: $5
- Requirement to avoid monthy service fee:
- Minimum $500 average daily balance
- Interest earning account
- Conditions:
- Limited to six preauthorized, POS, automatic or telephone transfers per month (if average daily balance falls below $500 a $1.50 excess withdrawal fee will be charged for exceeding the limit of transactions per month)
Investor's Money Market
- Minimum to open: $1,000
- Monthly service fee: $20
- Minimum Balance to help avoid monthly maintenance fees: $2,500 daily average
- Interest earning account
- Conditions:
- Limited to six preauthorized, POS, automatic or telephone transfers per month, three of which may be checks ($10 activity fee will be charged for exceeding the limit of transactions per monthly statement cycle)
- Unlimited over-the-counter withdrawals
- Unlimited ATM withdrawals up to $1,000 per day
- Statements:
- Truncated (no cost - checks are not returned in your statement)
- Image statements (add additional $1.00)
- Non-Truncated (add an additional $2.00)
Private Reserve Money Market
- Minimum to open: $250,000
- Monthly service fee: $40
- Minimum Balance to help avoid monthly maintenance fees: $250,000 daily average
- Interest earning account
- Conditions:
- Limited to six preauthorized, POS, automatic or telephone transfers per month, three of which may be checks ($10 activity fee will be charged for exceeding the limit of transactions per monthly statement cycle)
- Unlimited over-the-counter withdrawals
- Unlimited ATM withdrawals up to $1,000 per day
- Statements:
- Truncated (no cost - checks are not returned in your statement)
- Image statements (add additional $1.00)
- Non-Truncated (add an additional $2.00)
Certificates of Deposits
- Minimum to open: $1,000
- Terms range from 30 days to 3 years
- Interest earning account
- Conditions:
- Vineyard Bank allows limited deposits to this account for terms of one year or greater*
*If you withdraw your funds prior to maturity, a penalty may be assessed
Traditional IRA
- Minimum to open: $1,000
- Conditions:
- Contributions made may be fully or partially deductible
- Interest earned is tax-free, until you withdraw the funds
- If you withdraw funds prior to maturity or before the age 59 1/2, an early withdrawal penalty may be assessed
- Consult with your personal tax advisor
Roth IRA
- Minimum to open: $1,000
- Conditions:
- Contributions made may be fully or partially deductible *
- Interest earned is tax-free, until you withdraw the funds
- If you withdraw funds prior to maturity or before the age 59 1/2, an early withdrawal penalty may be assessed
- Consult with your personal tax advisor
*Contributions are not deducted from your taxable income. Contributions to a Roth can be withdrawn tax-free (excluding conversion funds). Certain qualified distributions are tax free
Programs (including, without limit, fees, rates and features) are subject to change without notice. For additional information or other fees that may apply to our accounts, please request a copy of our Schedule of Fees and Charges and Deposit Agreement and Disclosure.
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