Savings
Regular Savings
- INTEREST bearing account
- Interest paid semi annually
- Statement semi annually
- Web Statement
- FREE Online Banking
- FREE Online Bill Payment
- Six Withdrawals per quarter free, after that $1.00 per withdrawal
- No activity for 365 days or a balance under $100 will access a $6.00 service charge per statement cycle
Money Market
- Tiered INTEREST bearing account
- Web Statement or Printed Statements and Images
- Free Online Banking
- FREE Online Bill Payment
- Transactions are limited to 6 preauthorized debits, automatic transfers or telephone transfers, of which no more than 3 can be by checks, drafts or debit card transactions per month
- $5.00 per check or debit greater than 6
- If minimum balance falls below $2,500 a monthly service charge of $10.00 will be assessed
High Yield Investment MMDA
- Rate tied to US Treasury and adjusts monthly
- Web Statement or Printed Statements and Images
- FREE Online Banking
- FREE Online Bill Payment
- Transactions are limited to 6 preauthorized debits, automatic transfers or telephone transfers, of which no more than 3 can be by checks, drafts or debit card transactions per month
- o $5.00 per check or debit greater than 6
- If minimum balance falls below $25,000 a monthly service charge of $20.00 will be assessed and rate will revert back to Passbook Savings rate
Certificates of Deposits & IRAs
Interest is compounded monthly
| Type | Minimum | |
|---|---|---|
| CD's Below 3 Months | $1000 | |
| 3 Months | $1000 | |
| 6 Months | $1000 | |
| 12 Months | $1000 | |
| 18 Months | $1000 | |
| 24 Months | $1000 | |
| 36 Months | $1000 | |
| 48 Months | $1000 | |
| IRA's 36 Month | $1000 Variable Rate |
New Century Bank also offers CDARS CD's for larger deposits to enable customer to have FDIC insurance coverage up to $30 million dollars.
Substantial Penalty for Early Withdrawals.
Contact us to find out more information.
Member FDIC
