Savings Accounts

Bay Cities Bank has a savings option for almost everyone with products ranging from traditional savings accounts to certificates of deposit with maturities from 30 days to 5 years.

Regular Savings

(Opening deposit: $100) Obtain competitive annual percentage yields while saving for the future. Interest is earned on average daily balances for the month of $100 or more. Interest is compounded and credited monthly. If your average daily balance drops below $300 for the month, there will be a $5 maintenance fee. An excess transaction fee of $1.00 will be charged for each debit transaction (withdrawal, automatic transfer or payment out of this account) in excess of two during a calendar month.

Premium Savings

(Opening deposit: $10,000) This account is designed for those who demand higher yields associated with traditional CDs and the liquidity of a savings account. Interest rates are tiered, with interest compounded and credited monthly. Maintain an average daily balance of $50,000 or more for the month and earn a superior annual percentage yield. If you maintain an average daily balance of $10,000 or more, there will be no monthly maintenance fee. If the balance drops below the minimum during the month, there will be a $15 maintenance fee. An excess transaction fee of $1.00 will be charged for each debit transaction (withdrawal, automatic transfer or payment out of this account) in excess of two during a calendar month.

Youth Savings

(Opening deposit: $25) This account gives children 18 years of age and under a convenient and economical way to save money. Interest is paid each month on the average daily balance in the account. Interest is compounded and credited monthly. Other features:

• No minimum balance requirements to earn interest.
• No monthly maintenance fee.
• An excess transaction fee of $1.00 will be charged for each debit transaction (withdrawal, automatic transfer or payment out of this account) in excess of two during a calendar month.
• Quarterly statement.

Certificates of Deposit

(Opening deposit: $1,000) Maximize your earnings with Bay Cities Bank's competitive rates. Business, personal and IRA certificates of deposit are available with terms ranging from 30 days to 5 years. Minimum daily balance of $1,000.00 is required to obtain the annual percentage yield. Interest is compounded daily and may be credited monthly to the account, paid by check, or transferred to another account. If funds are withdrawn prior to account maturity, a penalty will be imposed, reducing the annual percentage yield on the account.