Savings

Regular Passbook Savings Account
Regular Statement Savings Account
Supreme Statement Savings Account
DAVINCI Statement Savings Account
MAGELLAN Statement Savings Account
Young Savers Passbook Account
Jumbo Passbook Savings Account
Certificate of Deposit
Individual Retirement Accounts
Holiday Club Passbook account
Easy Savings Passbook account

Regular Passbook Savings Account

This is an interest bearing passbook account. Your interest rate and annual percentage yield may change on your account at any time. To view current rates, go to Deposit Rates. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest is calculated based on a 365 day year except when February 29th of a leap year falls within the period of deposit, in which the calculation may be based on a 366 day year. Interest will be compounded daily. Interest will be credited to your account every month. You must deposit $250.00 to open this account. A monthly fee of $3.00 will be imposed every statement cycle if the balance in the account falls below $250.00 any day of the cycle. You must maintain a minimum balance of $250.00 in the account each day to obtain the disclosed annual percentage yield. You may not make any transfers from this account to another account of yours or to third parties by preauthorized, automatic, or telephone transfer or similar order to third parties.

Back to Top

Regular Statement Savings Account

This is an interest bearing statement account. Your interest rate and annual percentage yield may change on your account at any time. To view current rates, go to Deposit Rates. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest is calculated based on a 365 day year except when February 29th of a leap year falls within the period of deposit, in which the calculation may be based on a 366 day year. Interest will be compounded daily. Interest will be credited to your account every month. You must deposit $250.00 to open this account. A monthly fee of $3.00 will be imposed every statement cycle if the balance in the account falls below $250.00 any day of the cycle. You must maintain a minimum balance of $250.00 in the account each day to obtain the disclosed annual percentage yield. Transfers from a Regular Statement Savings Account to another account or to third parties by preauthorized, automatic, telephone, or computer transfer are limited to six per monthly statement cycle with no transfers by check, draft, or similar order to third parties.

Back to Top

Supreme Statement Savings Account

This is an interest bearing statement account. Your interest rate and annual percentage yield may change on your account at any time. To view current rates, go to Deposit Rates. First Central Savings Bank Supreme Statement Savings Account is tiered – the higher your balance, the higher your interest rate may be. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest is calculated based on a 365 day year except when February 29^th of a leap year falls within the period of deposit, in which the calculation may be based on a 366 day year. Interest will be compounded daily. Interest will be credited to your account every month. You must deposit $15,000.00 to open this account. A monthly fee of $10.00 will be imposed every statement cycle if the balance in the account falls below $500.00 any day of the cycle. You must maintain a minimum balance of $500.00 in the account each day to obtain the disclosed annual percentage yield. Transfers from a Supreme Statement Savings Account to another account or to third parties by preauthorized, automatic, telephone, or computer transfer are limited to six per monthly statement cycle with no transfers by check, draft, or similar order to third parties.

Back to Top

DAVINCI Statement Savings Account

This is an interest bearing statement account. Your interest rate and annual percentage yield may change on your account at any time. To view current rates, go to Deposit Rates. First Central Savings Bank DAVINCI Statement Savings Account is tiered – the higher your balance, the higher your interest rate may be. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest is calculated based on a 365 day year except when February 29th of a leap year falls within the period of deposit, in which the calculation may be based on a 366 day year. Interest will be compounded daily. Interest will be credited to your account every month. You must deposit $100,000.00 to open this account. A monthly fee of $15.00 will be imposed every statement cycle if the balance in the account falls below $100,000.00 any day of the cycle. You must maintain a minimum balance of $500.00 in the account each day to obtain the disclosed annual percentage yield. Transfers from a DaVinci Statement Savings Account to another account or to third parties by preauthorized, automatic, telephone, or computer transfer are limited to six per monthly statement cycle with no transfers by check, draft, or similar order to third parties.

Back to Top

MAGELLAN Statement Savings Account

This is an interest bearing statement account. Your interest rate and annual percentage yield may change on your account at any time. To view current rates, go to Deposit Rates. First Central Savings Bank MAGELLAN Statement Savings Account is tiered – the higher your balance, the higher your interest rate may be. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest is calculated based on a 365 day year except when February 29th of a leap year falls within the period of deposit, in which the calculation may be based on a 366 day year. Interest will be compounded daily. Interest will be credited to your account every month. You must deposit $50,000.00 to open this account. A monthly fee of $15.00 will be imposed every statement cycle if the balance in the account falls below $50,000.00 any day of the cycle. You must maintain a minimum balance of $500.00 in the account each day to obtain the disclosed annual percentage yield. Transfers from a Magellan Statement Savings Account to another account or to third parties by preauthorized, automatic, telephone, or computer transfer are limited to six per monthly statement cycle with no transfers by check, draft, or similar order to third parties.

Back to Top

Young Savers Passbook Account

This is an interest bearing passbook account. Your interest rate and annual percentage yield may change on your account at any time. To view current rates, go to Deposit Rates. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest is calculated based on a 365 day year except when February 29th of a leap year falls within the period of deposit, in which the calculation may be based on a 366 day year. Interest will be compounded daily. Interest will be credited to your account every month. You must deposit $25.00 to open this account. You must maintain a minimum balance of $25.00 in the account each day to obtain the disclosed annual percentage yield. You may not make transfers from this account to another account of yours or to third parties by preauthorized, automatic, or telephone transfer or similar order to third parties.

Back to Top

Jumbo Passbook Savings Account

This is an interest bearing passbook account. Your interest rate and annual percentage yield may change on your account at any time. To view current rates, go to Deposit Rates. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest is calculated based on a 365 day year except when February 29th of a leap year falls within the period of deposit, in which the calculation may be based on a 366 day year. Interest will be compounded daily. Interest will be credited to your account every month. You must deposit $100,000.00 to open this account. You must maintain a minimum balance of $500.00 in the account each day to obtain the disclosed annual percentage yield. You may not make transfers from this account to another account of yours or to third parties by preauthorized, automatic, or telephone transfer or similar order to third parties.

Back to Top

Certificate of Deposit

First Central Savings Bank Certificate of Deposit Accounts are a good choice for funds that are not needed for current expenses. The interest rate and annual percentage yield on this account will be the rate in effect when the account is opened and shall remain in effect for the term of the account. To view current rates, go to Deposit Rates. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest is calculated based on a 365 day year except when February 29th of a leap year falls within the period of deposit, in which the calculation may be based on a 366 day year. Interest will be compounded daily. Interest will be credited to your account every month. You must deposit $500.00 to open this account. You must maintain a minimum balance of $500.00 in the account each day to obtain the disclosed annual percentage yield. A penalty may be imposed for withdrawals before maturity.

Back to Top

Individual Retirement Accounts

First Central Savings Bank offers Traditional IRAs as well as Roth IRAs. The choice is yours. A Roth IRA? A traditional IRA? Or a little in both? Generally speaking, a traditional IRA can be beneficial if you are eligible to make pre-tax contributions and you expect your tax rate during retirement to be lower than it is today. On the other hand, a Roth IRA may be a wise choice if you expect your tax rate to be the same or higher during retirement. It depends on your own unique situation. You may find it helpful to discuss these choices with your tax advisor. IRA Accounts pay competitively high interest rates to view current rates, go to Deposit Rates

Back to Top

HOLIDAY CLUB PASSBOOK ACCOUNT

This is an interest bearing passbook account. Your interest rate and annual percentage yield may change on your account at any time. To view current rates, go to Deposit Rates. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest is calculated based on a 365 day year except when February 29th of a leap year falls within the period of deposit, in which the calculation may be based on a 366 day year. Interest will be compounded daily. Interest will be credited to your account every month. You must deposit $10.00 to open this account. You must maintain a minimum balance of $10.00 in the account each day to obtain the disclosed annual percentage yield. You may not make transfers from this account to another account of yours or to third parties by preauthorized, automatic, or telephone transfer or similar order to third parties.

Back to Top

EASY SAVINGS PASSBOOK ACCOUNT

This is an interest bearing passbook account. Your interest rate and annual percentage yield may change on your account at any time. To view current rates, go to Deposit Rates.

We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.

Interest is calculated based on a 365 day year except when February 29th of a leap year falls within the period of deposit, in which the calculation may be based on a 366 day year.

Interest will be compounded daily. Interest will be credited to your account every month. You must deposit $75.00 to open this account.

You must maintain a minimum balance of $75.00 in the account each day to obtain the disclosed annual percentage yield.

You may not make transfers from this account to another account of yours or to third parties by preauthorized, automatic, or telephone transfer or similar order to third parties.

Back to Top