Savings and Investments

Savings

• $100.00 minimum opening deposit
• 6 withdrawals allowed per quarter
• A withdrawal fee of $1.00 will be charged for each subsequent withdrawal
• $5.00 quarterly maintenance fee if the balance in the account drops below $100.00
• Account owners under age 25 are exempt from the maintenance fee.
• Contact the bank for interest rates

Christmas Club

• $1.00 minimum opening deposit
• No maintenance fees
• Unlimited number of deposits, not exceeding $5,000.00 in the account any day
• Interest will be credited annually on the first business day of November
• Once interest has been credited, the account balance will be mailed by check to the primary account holder or direct deposited into another Bank of Dawson checking or savings account no later than the next business day. Any other withdrawals from the account will be subject to a penalty of $20.00 or the balance in the account at the time of the withdrawal, whichever is greater, and the account will be closed
• Contact the bank for interest rate

Money Market Investment Accounts

• $2,500.00 minimum opening deposit
• 6 withdrawals allowed per statement cycle
• A withdrawal fee of $1.00 will be charged for each subsequent withdrawal
• $5.00 monthly maintenance fee if balance in the account drops below $2,500.00
• Contact the bank for interest rates