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The Neffs National Bank offers a wide variety of deposit products to meet your special needs.
Free Checking Account
Our basic checking account has no minimum balance requirements; has no monthly service fees; and no per check charges. The only costs involved with this service are for the printing of checks and deposit tickets. With a wide variety of checks to choose from, you can pick the one that best meets your needs.
Interest Checking
For our customers who prefer the benefits of our checking account plus earned interest, we offer interest bearing checking accounts. The features of these accounts are:
Now Accounts
- Interest rate of .25% (APY .25%)*
- $1,000 minimum balance
- $5.00 per month charge if balance falls below the minimum**
- $0.15 per check charge if balance falls below the minimum balance**
Super Now Accounts
- Interest rate of .50% (APY .50%)*
- $2,500 minimum balance
- $5.00 per month charge if balance falls below the minimum**
- $0.15 per check charge if balance falls below the minimum balance**
Money Market Demand Accounts
- Competitive tiered interest rates, the higher your balance, the more you earn
- No monthly maintenance fee
- $10 minimum to open account
- You can make deposits, withdrawals,and transfers at the bank; or by phone, ATM, or online1
- Variable interest rate accrued daily and compounded monthly
- ATM advantages ($500 daily limit for cash withdrawals)
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Tier Balance
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Interest Rate
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APY
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$10 to $24,999.99
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1.00%
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1.00%*
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$25,000 to $49,999.99
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1.88%
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1.90%*
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$50,000 to $99,999.99
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2.08%
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2.10%*
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$100,000 to 249,999.99
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2.86%
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2.90%*
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$250,000 and above
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2.96%
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3.00%*
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1Federal Regulation limits account to allow only 6 transfers from your account each statement cycle - of these, only 3 may be by check, ACH, remotely generated check, or similar order to third parties. A fee of $5.00/month is charged for excess monthly debits. Over-the-counter and ATM withdrawals do not count toward these limits.
Free Savings Accounts
- No minimum opening balance requirements
- A $10.00 balance must be maintained to earn interest
- No monthly service fee
- Interest rate of 1.50% (APY 1.51)*
Christmas/Vacation/Tax Club Accounts
- No fees or charges for these accounts
- Affordable and popular
- A minimum balance of $10.00 must be maintained to obtain APY*
- Choice of payment amount-minimum of $1.00
- Choice of periodic payment-weekly, bi-weekly, monthly
- Interest rate of 1.50% (APY 1.50%)* with interest paid annually**
Our Christmas Club begins the fourth week of October and is paid out on the second week of October of the following year. Vacation and Tax Clubs begin the fourth week of March and are paid out on the second week of March of the following year. The club term varies according to when the account is opened. A penalty will be assessed for early withdrawal.
Certificates of Deposit
Our certificates of deposit combine safety and a guaranteed return for the applicable term. Various terms are available to meet your needs. Our current rates and terms are as follows:***
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Term
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Interest Rate
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APY
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Minimum Balance
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Six Months
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3.22%
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3.25%*
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$1,000.00
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Twelve Months
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3.72%
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3.75%*
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$1,000.00
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Eighteen Months
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3.72%
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3.75%*
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$1,000.00
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Twenty-one Months
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3.96%
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4.00%*
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$1,000.00
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Twenty-four Months
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3.72%
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3.75%*
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$1,000.00
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Thirty Months
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3.47%
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3.50%*
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$1,000.00
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Thirty-six Months
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3.72%
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3.75%*
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$1,000.00
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Forty-eight Months
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3.96%
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4.00%*
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$1,000.00
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Sixty Months
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4.21%
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4.25%*
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$1,000.00
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