PERSONAL SAVINGS

It’s safe and good money management, and an easy way to keep track of payments. It also makes us one of your best credit references.


MONEY MARKET DEPOSIT ACCOUNT

  • The minimum opening deposit is $2,500.
  • Interest paid is tiered, earning higher interest as your balance grows over $2,500.
  • Make up to six, free, preauthorized withdrawals, automatic or telephone transfers, checks, drafts, and debit card or other similar transactions per statement cycle.
    (Effective immediately, the transfer limitations have been temporarily suspended.)
  • A $15 per item fee applies for more than six transactions in a cycle.

PERSONAL SAVINGS ACCOUNT

  • A minimum balance of $500 must be maintained to earn interest. If your balance drops below $500, a $3 monthly service fee is charged.
  • Interest is compounded quarterly.
  • Make up to six, free, preauthorized withdrawals, automatic or telephone transfers, checks, drafts, and debit card or other similar transactions per statement cycle.
    (Effective immediately, the transfer limitations have been temporarily suspended.)
  • You maintain your own records with a statement provided quarterly.

CERTIFICATES OF DEPOSIT

  • We’re competitive because we’re independent and only local conditions affect our rates.
  • Your money grows in the complete safety of our Federally Insured Certificates of Deposit.
  • Deposit of $2,500 to open and earn the APY*
  • Here are our current rates:

Certificate of Deposit Rates

Product Interest Rate APY* Minimum Balance Required
6 Month CD 0.12% 0.12% $2,500
12 Month CD 0.15% 0.15% $2,500
24 Month CD 0.18% 0.18% $2,500
36 Month CD 0.24% 0.24% $2,500

Current Rates (rates effective as of March 22, 2021)

**APY is the annual percentage yield. A penalty may be imposed for early withdrawal. Maximum deposit is $249,999. Fees could reduce the earnings on the accounts. Rates are subject to change without notice.

CDARS – CERTIFICATE OF DEPOSIT ACCOUNT REGISTRY SERVICE®

  • Enjoy full FDIC protection on deposit amounts from $250,000 to $50 million in FDIC Insurance coverage.
  • An excellent solution for businesses, nonprofit organizations, public funds managers, trustees, financial advisors, individuals, credit unions, and IRAs.
  • CDARS are a valuable cash management or longer-term investment tool for you or your business.**
  • You work directly with us, earn one interest rate and receive one regular statement, and individual investors receive one year-end tax form.
  • The full value of your money can support lending opportunities in your local community.***
  • With CDARS, you can eliminate the need to monitor changing collateral values.

 

** Funds may be submitted for placement only after a depositor enters into the CDARS Deposit Placement Agreement with Orange Bank & Trust Company. The agreement contains important information and conditions regarding the placement of funds by us.

*** This benefit applies to some, but not all types of CDARS transactions. Let us know if this benefit is meaningful to you so that we can explain the relevant terms and conditions in more detail.

CDARS is a registered service mark of Promontory Interfinancial Network, LLC.

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Orange Bank and Trust has a heritage and tradition of community banking for over 129 years. Our local bankers are at your service for all your financial needs whether you’re running a business or a family.

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