Personal Savings
Young Savers
Minimum to open - $5
Quarterly maintenance fee - $0
Minimum daily balance to avoid fee - $0
Minimum daily balance to earn interest – $5
Interest compounds quarterly
Unlimited over the counter withdrawals
Excessive withdrawal fee - $0
Must be under 18 years of age to open
A parental banking relationship with Founders Bank is required to open and maintain this account.
Savings
Minimum to open - $250
Quarterly maintenance fee - $5
Minimum daily balance to avoid fee - $250
Minimum daily balance to earn interest - $250
Interest compounds quarterly
Unlimited over the counter withdrawals, including ATM
Six quarterly withdrawals allowed, excessive withdrawal fee - $3 for each additional withdrawal
Money Market Savings
Minimum to open - $500
Monthly maintenance fee - $20
Minimum daily balance to avoid fee - $2,000
Minimum daily balance to earn interest - $2,000
Interest compounds quarterly
- Variable interest rate; based on the daily collected balance
- Interest credited and compounded quarterly based on daily collected balance
- The interest rate may change at any time
- The daily balance must exceed $2,000 to accrue interest for that day
Tiered Interest Rates
- 2,000 to 24,999
- 25,000 to 49,999
- 50,000 to 99,999
- 100,000 to 499,999
- 500,000 to 749,999
- 750,000 to 999,999
- 1,000,000+
Unlimited over the counter withdrawals
You may only make 6 transfers from your account each month, of which only 3 can be debits to 3rd parties. A $20.00 “per item” fee will be assessed for each transaction over these limits. Founders Bank reserves the right to close or re-classify your account if these limitations are exceeded on a recurring basis.
Certificate of Deposit
Competitive rates
Minimum to open - $1,000
Interest compounds monthly
Variety of maturities
Penalty for early withdrawal
Individual Retirement CD
Allows deferral of taxes on income earned until withdrawn
Minimum to open - $250
Interest compounds monthly
Variety of maturities, fixed-rate and variable-rate options
Penalty for early withdrawal