SAVINGS ACCOUNTS
Whether you’re saving for a special milestone or a rainy day, for tomorrow or years down the road, we have a variety of savings accounts to meet all your big and small goals.
• Avoid the $10 monthly service fee by maintaining a $2,000 minimum average daily balance • Free online banking, eStatements and mobile banking • Federally insured by FDIC up to $250,000***
Kasasa Saver®
• Free account that builds your savings effortlessly • Links to free Kasasa Cash® or Kasasa Cash Back® checking • Automatic transfers of Kasasa Cash or Kasasa Cash Back earnings • No monthly maintenance fee • No minimum balance to earn rewards • Free online banking, eStatements and mobile banking • No minimum deposit to open • Interest-bearing account
Certificates of Deposit (CDs)
• Competitive, fixed interest rate for length of term • Greater earnings than regular savings • Receive higher rates by selecting a longer term • Provides more guarantee than other risky investments • Terms from three months to six years available • No setup or maintenance fees • Early withdrawals subject to penalty • $500 minimum deposit to open • Federally insured by FDIC up to $250,000*** Individual Retirement Accounts (IRAs) • Competitive interest above standard savings rates • Tax advantages to boost your balance** • Traditional and Roth IRA options • No setup fees • No monthly or annual maintenance fees • $5,000 contribution limit per year • Additional $1,000 “catch-up”contribution allowed for ages 50+ • Funds can be used to purchase CDs within IRA • $50 minimum deposit to open See oxfordbank.com for current rates.
Regular Savings Account
• Interest-bearing account • Avoid the $3 monthly service fee by maintaining a $300 minimum daily balance • Unlimited in-person withdrawals • Free online banking, eStatements and mobile banking • $25 minimum deposit to open • Federally insured by FDIC up to $250,000***
Minor Savings Account
• Available to young savers up to 18 years old • Interest-bearing account • No monthly service fee • Unlimited in-person withdrawals • Free online banking, eStatements and mobile banking • No minimum deposit to open • Federally insured by FDIC up to $250,000***
Money Market Account
• Competitive, tiered rates • Higher balances earn higher rates • Direct check-writing ability* • Unlimited in-person withdrawals
*Federal regulation allows us to limit the number of transfers or withdrawals that can be made on savings and on money market accounts during the calendar month or statement cycle to another account of yours or to a third party by means of preauthorized or automatic transfer, telephone order or
instruction, computer transfer, or by check, draft, debit card or similar order to a third party. **Consult a tax advisor. ***Insured up to $250,000 per depositor, per insured depository institution, for each account ownership category.
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