Rondout Savings Bank offers a variety of accounts to suit your needs. Our Savings Accounts and “Tiered Rate” Money Market Accounts allow you to perform deposits and withdrawals at any time, for any amount while earning interest.
Passbook Savings/Statement Savings
Two convenient and flexible traditional savings accounts that provide immediate access to deposited funds. Interest is compounded daily and credited monthly.
| MINIMUM REQUIRED TO OPEN ACCOUNT | MINIMUM REQUIRED TO AVOID MINIMUM BALANCE FEE | MINIMUM TO EARN INTEREST |
|---|---|---|
| $100.00 | Minimum daily balance $250.00 to avoid $2.00 fee | $10.00 |
If the tax reporting owner is 18 years of age or less, the minimum to open the account is $10.00 and the minimum balance fee is waived for the first year.
Passbook Savings Features
- The “original” savings account that records each transaction as it occurs.
Statement Savings Features
- Statements mailed monthly, combined with your Checking Account or available quickly and conveniently online.
- Mastercard® Check Card Availability
- Transfer Online or on the phone between your accounts at Rondout Savings Bank
- Free Online Access Click for Online Banking
- 24 Hour access through ATM, AccountLink and Online Banking.
- View Rates
Lighthouse Savings Account
A fun way to teach children to save!
FEATURES
- Birthday Bonus of $10 annually if a deposit of at least $10 is made during the birthday month.
- Statements: Electronic or Paper
- No service charge until the age of 18
- View Rates
| MINIMUM REQUIRED TO OPEN ACCOUNT | MINIMUM REQUIRED TO AVOID MONTHLY SERVICE CHARGE | MINIMUM TO EARN INTEREST |
|---|---|---|
| $25.00 | No monthly service charge until age 18, then a balance of $250.00 to avoid $2.00 monthly fee | $10.00 |
Club Account
Start saving today for the season of shopping by opening a Club Account.
FEATURES
- Withdrawals prior to October may require closure of the account
- A $10.00 fee applies to accounts closed prior to completion of the term, which runs from October to the first weekend after October 3rd of the following year
- A check is issued automatically at the end of the term
- If account is closed prior to interest posting for any month the accrued interest is forfeited.
- Interest is compounded daily and credited monthly.
- Set up a Direct Deposit with your employer and begin your club today.
- Statements mailed monthly with Direct Deposit service.
- Statements mailed quarterly for those who choose not to use Direct Deposit service.
- View Rates
| MINIMUM REQUIRED TO OPEN ACCOUNT | MINIMUM TO EARN INTEREST | |
|---|---|---|
| $1.00 | No monthly service charge | $1.00 |
Money Market Account
Money Market accounts offer customers higher interest rates and immediate access to funds through use of a limited number of checks per month or telephone transfers.
FEATURES
- Mastercard® Check Card Availability
- Free AccountLink Access
- Free ATM Access at Any of Our ATMs
- Free Night Deposit Service
- Free Notary Service
- Free Financial Consultation
- Harland Check Orders
- Online Banking
- Check Writing Privileges
- Monthly Statements with Check Images – Paper or Online
- View Rates
| MINIMUM REQUIRED TO OPEN ACCOUNT | MINIMUM REQUIRED TO AVOID MONTHLY SERVICE CHARGE | MINIMUM TO EARN INTEREST |
|---|---|---|
| $2,500 | $1,000.00 to avoid $5.00 fee | $250.00 |
Money Market Advantage
FEATURES
- Special Tiered Interest Rates
- View Rates
| MINIMUM REQUIRED TO OPEN ACCOUNT | MINIMUM REQUIRED TO AVOID MONTHLY SERVICE CHARGE | MINIMUM TO EARN INTEREST |
|---|---|---|
| $50,000 | $5,000.00 to avoid $10.00 fee | $2,500.00 |