Statement Saving Account
An interest bearing, limited transaction* account for every day personal savings.
Features and Benefits:
- Minimum deposit of $25 to open the account
- Easy access and no minimum balance fees!
- Protected by maximum FDIC insurance coverage allowed by law
- Free Online Banking
- ATM Card
- Annual $12 fee- no foreign ATM service charges assessed by The National Bank of Malvern.
- Free account e-statement (paper statements available)
- Minimum daily balance of $25 required to earn interest
- Account Transaction Limits*
- If more than six (6) pre-authorized withdrawals, telephone or internet banking
transfers, checks, drafts, debit card or similar transactions occur within the
statement cycle, a $10 per item fee may be assessed for each transaction over
six (6).
- If more than six (6) pre-authorized withdrawals, telephone or internet banking
- Interest credited quarterly
Certificates of Deposit(CD)
A great way to earn a great return on funds.
Features and Benefits:
- Terms ranging from six (6) months to seven (7) years, with minimum deposits ranging from $500 to $2,500 to suit our depositor’s wide range of savings needs.
- Choose the term and rate that work best for you!
- Protected by maximum FDIC insurance coverage allowed by law
- Free Online Banking (view only capability)
- Penalty for early withdrawal; penalty may affect principal
Individual Retirement Accounts (IRA)
A great way to save for the future.
Features and Benefits:
- Terms ranging from six (6) months to seven (7) years, with minimum deposits ranging from $500 to $2,500 to suit our depositor’s wide range of savings needs.
- Choose the term and rate that work best for you!
- Taxes deferred on earnings until withdrawn*
- Contributions may be tax deductible*
- Bank Penalty for early withdrawal (under 59 ½ only); penalty may affect principal
- Safety of the maximum FDIC insurance coverage allowed by law
- Free Online Banking (view only capability)
*Consult with your tax adviser regarding tax consequences
Explore the Power of Convenience
Online Banking from The National Bank of Malvern gives you fast, simple and convenient control over your money.