Savings, CDs, & IRAs

First Savings

• Minimum Opening Deposit - $50.00.
• $1.00 will be charged for each debit in excess of three during a quarter. 
• If the balance falls below $50.00 at any time during any month, a monthly service fee of $5.00 will be charged for that statement cycle in which the minimum balance requirement was not met.
• Compounding and crediting frequency - Interest will be compounded and credited to your account quarterly. ****

****Rates & annual percentage yield subject to change daily. Average daily balance method used to calculate interest on the account. Interest compounds quarterly. Fees may reduce earnings.

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First Money Market

• Minimum Opening Deposit - $2,500.00
• Service Charge Schedule - If balance falls below $2,500.00 at any time during the month the monthly service fee is $15.00.
• FREE Online/Internet Banking
• FREE eStatements (avoid statement fee)
• $10.00 will be charged for each debit in excess of six during a month. 
• Compounding and crediting frequency - Interest will be compounded and credited to your account monthly. *
• You will receive monthly statements.

* Interest rates & annual percentage yield will be determined at the bank's discretion. Rates are subject to change daily. Average daily balance method used to calculate interest on the account. Interest compounds monthly. Fees may reduce earnings.

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Certificates of Deposit

Terms – 91 day, 182 day, 12 month, 24 month, 36 month, 48 month, 60 month

Earn competitive interest rates that are guaranteed until maturity with a First Texoma National Bank CD. A variety of terms is offered. Interest can be compounded, automatically deposited into your checking or savings account, or mailed to you.

• Minimum Opening Deposit- $1,000.00
• Penalties for early withdrawal - A penalty may be imposed for withdrawals before maturity. If your account has an original maturity of:
  • 91 days the fee we may impose will equal one month's interest on the amount withdrawn subject to penalty.
  • 92 days to a year the fee we may impose will equal three month's interest on the amount withdrawn subject to penalty.
  • More than one year the fee we may impose will equal six month's interest on the amount withdrawn subject to penalty.
• Transaction Limitations - You may not make any deposits into your account before maturity. You may make withdrawals of principal from your account before maturity. There will be a penalty. You can withdraw interest accrued in the term before maturity of that term without penalty.
• Compounding and crediting frequency - Daily balance method used to calculate interest on the account. Interest will be credited to your account monthly, quarterly or at maturity when the maturity is less than one year. Alternatively, you may choose to have interest paid to you by check or credited to another account monthly or quarterly rather than credited to this account.
• CD renewal options
  • Automatically renewable - will renew at maturity. You will have 10 calendar days after maturity to withdraw funds without a penalty.
  • Non-automatically renewable - will not automatically renew at maturity. If account is not renewed, interest will not accrue after maturity.
• The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings.
• Check here to see if we have any CD specials happening now!

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IRAs

Terms - 12 month, 24 month, 36 month, 48 month, 60 month

An IRA is a personal savings plan that provides income tax advantages to individuals saving money for retirement purposes.

• Minimum Opening Deposit- $1,000.00
• Penalties for early withdrawal
  • If your account has an original maturity of one year: The fee we impose will equal three months interest on the amount withdrawn subject to penalty.
  • If your account has an original maturity of more than one year: The fee we impose will equal six months interest on the amount withdrawn subject to penalty.
• Transaction Limitations
  • You may make multiple deposits into your account, up to the maximum allowable by law.
  • You may make withdrawals of principal from your account before maturity.
  • You can withdraw interest accrued in the term before maturity of that term without penalty.
  • Other rules apply to ages 59½ and over.
• Compounding and crediting frequency - Daily balance method used to calculate interest on the account. Interest will be credited to your account monthly, quarterly or at maturity when the maturity is less than one year. Alternatively, you may choose to have interest paid to you by check or credited to another account monthly or quarterly rather than credited to this account.
• Automatically renewable time account - This account will automatically renew at maturity.

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