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CHECKING/SAVINGS:
Free
Checking - This is the low cost,
safe and convenient alternative to carrying cash. Unlimited
check writing, no monthly service charge and an ATM or Visa
Check Card available upon qualification.
Now
Account - An interest
bearing checking account. No monthly service charge if the
$500.00 average monthly balance is maintained, otherwise a
$5.00 monthly fee and $.20 per item over 20 items per month.
55
and Over Club
- A
special account for our customers 55 years or older. Free
checks, Money Orders, Cashiers Checks and tiered interest
rates based on average balance.
Passbook
Savings - A special account
for our customers 55 years or older. Free checks, Money Orders,
Cashiers Checks and tiered interest rates based on average
balance.
Student
Savings - A savings
account for children and full time students that are age 19
or under. The account pays interest quarterly and allows 12
free withdrawals per quarter with a $.50 per item charge for
all withdrawals in excess of 12.
Christmas
Club - A savings account
designed to set aside money for the holiday shopping time
at the end of the year. The interest and principal is paid
out the first week of November with an annual Christmas Club
Check.
Money
Market Savings - The
perfect account for customers who want higher rates and still
want limited access for special needs. This account offers
a high variable tiered rate of interest paid on monthly collected
balance and with no monthly service charge if the $1,000 average
balance is maintained. The account is limited to 6 withdrawals
each month. If the average monthly balance is not maintained
, a $10.00 monthly fee and a $2.00 per item charge for withdrawals
in excess of 6 per month will apply.
CERTIFICATES
OF DEPOSIT:
For
customers seeking higher rates of return and willing to lock
their deposit in for a definite period of time. Features include:
- 30
day to 5 year terms .
- Automatically renewable
- Interest compounded quarterly
- Interest
can be added to the CD or paid out by check quarterly
IRA
/ OTHER RETIREMENT PLANS:
Traditional
IRAs
- These IRAs are available to anyone under the age of 70 1/2
with earned income. Up to $3,000 of your income can be contributed
each year - and your contributions may be tax-deductible. (See
your tax advisor for potential tax savings)
Roth
IRAs - These IRAs are available
to individuals with earned income - regardless of age. Up to
$3,000 of your after-tax income can be contributed each year
and your contributions benefit from tax-free growth. (See your
tax advisor for potential tax savings)
Educational
IRAs- These IRAs can be
set up by anyone for any child under the age of 18. Up to $2,000
can be contributed each year from all sources of your income.
Withdrawals may be taken tax-free if used for secondary education
purposes, but your contributions are not tax-deductible. (See
your tax advisor for potential tax savings)
PERSONAL
LOANS :
Consumer
Loans
- The Exchange Bank offers a wide variety of consumer loans
with competitive rates and terms. Call us to discuss a loan
for any of the following: Car loan, Personal loan and many others.
Terms available up to 60 months.
Real
Estate Loans- If you've
been thinking of purchasing that dream home or purchasing that
quarter of land for your expanding farming operation, Exchange
Bank will help you with your purchase. Several financing options
for real estate loans are available depending on your individual
situation including balloon, fixed term, or variable rate.
Nebraska
Energy Loans- A low interest
rate loan for energy efficient home improvements or appliances.
Ask us for details on what types of improvements qualify.
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