Savings
See Our Checking Account Options
Regular Savings
- Interest paid semi-annually
- Statement semi-annually
- Web statement or printed 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 assess 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, telephone transfers or internet transfers or POS debit card transactions
- $5.00 per check or debit greater than 6
- Accounts dormant for 12 months will be assessed a $6.00 fee
- 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, telephone transfers or internet transfers on POS debit card transactions
- $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
| CD Type | Minimum Deposit |
|---|---|
| CD’s Below 3 Months | $1,000 |
| 3 Month | $1,000 |
| 6 Month | $1,000 |
| 12 Month | $1,000 |
| 18 Month | $1,000 |
| 24 Month | $1,000 |
| 36 Month | $1,000 |
| 48 Month | $1,000 |
| IRA's 36 Month | $1,000 Variable Rate*** |
***IRA's can have specific tax implications. It is always recommended to seek the advice of a tax advisor or legal professional for guidance with the use of these products.
***Penalty can be imposed for early withdrawal.
CDARS
LARGE DEPOSITS ABOVE $250,000 may be FDIC insured at New Century Bank using the CDARS program.
CDARS® offers multiple benefits to depositors who want to combine the security of access to FDIC insurance above $250,000 with the convenience of working directly with just one financial institution. Using the CDARS service with New Century Bank, you can access multi-million-dollar FDIC insurance on CD investments working only with New Century Bank. With CDARS we offer a wide variety of maturities and interest rates. There are no annual fees or subscription fees or transaction fees with our CDARS program. The rate you see is the rate you get. This keeps your money safe and working within the community where you live.
Contact us to find out more information.
Member FDIC
