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CHECKING/SAVINGS:
Free
Checking - This is the low cost,
safe and convenient alternative to carrying cash. Unlimited
check writing, no monthly service charge and an ATM or Visa
Check Card available upon qualification.
Now
Account - An interest
bearing checking account. No monthly service charge if the
$500.00 average monthly balance is maintained, otherwise a
$5.00 monthly fee and
$.20 per item over 20 items per month.
Exchange
Club Account – A premium interest bearing
checking account with added benefits. No monthly service charge
if the $1,000.00 Average Monthly Balance is maintained, otherwise
a $10.00 monthly fee. Added benefits include: Free Personalized
Checks, Unlimited Check Writing, Free Online Banking and Bill
Pay, Visa Check Card, 6 Free Foreign ATM transactions per
month.
55
Exchange Club Account – An account for customer
55 years or older that includes all the benefits of the Exchange
Club Account PLUS scheduled trips and events through out the
year.
Passbook
Savings - A special account
for our customers 55 years or older. Free checks, Money Orders,
Cashiers Checks and tiered interest rates based on average
balance.
Student
Savings - A savings
account for children and full time students that are age nineteen
or under. The account pays interest quarterly and allows 12
free withdrawals per quarter with a $.50 per item charge for
all withdrawals in excess of 12.
Christmas
Club - A savings account
designed to set aside money for the holiday shopping time
at the end of the year. The interest and principal is paid
out the first week of November with an annual Christmas Club
Check.
Money
Market Savings - The
perfect account for customers who want higher rates
and still want limited access for special needs. This account
offers a high variable tiered rate of interest paid on monthly
collected balance and with no monthly service charge if the
$1,000 average balance is maintained. The account is limited
to 6 withdrawals each month. If the average monthly balance
is not maintained , a $10.00 monthly fee and a $2.00 per item
charge for withdrawals in excess of 6 per month will apply.
CERTIFICATES
OF DEPOSIT:
For
customers seeking higher rates of return and willing to lock
their deposit in for a definite period of time. Features include:
- -
3
month to 48 month
- -
Automatically
renewable
- -
Interest
compounded quarterly
- -
Interest
can be added to the CD or paid out by check quarterly
IRA
/ OTHER RETIREMENT PLANS:
Traditional
IRAs
- These IRAs are available to anyone under the age of 70 1/2
with earned income. Up to $5,000 of your income can be contributed
each year - and your contributions may be tax-deductible. Catch
Up contributions may apply. (See your tax advisor for potential
tax savings)
Roth
IRAs - These IRAs are available
to individuals with earned income - regardless of age. Up to
$5,000 of your after-tax income can be contributed each year
and your contributions benefit from tax-free growth. Catch
Up contributions may apply. (See your tax advisor for potential
tax savings)
Educational
IRAs- These IRAs can be
set up by anyone for any child under the age of 18. Up to $2,000
can be contributed each year from all sources of your income.
Withdrawals may be taken tax-free if used for secondary education
purposes, but your contributions are not tax-deductible. (See
your tax advisor for potential tax savings)
PERSONAL
LOANS :
Consumer
Loans
- The Exchange Bank offers a wide variety of consumer loans
with competitive rates and terms. Call us to discuss a loan
for any of the following: Car loan, Personal loan and many others.
Terms available up to 60 months.
Real
Estate Loans- If you've
been thinking of purchasing that dream home or purchasing that
quarter of land for your expanding farming operation, Exchange
Bank can help you with your purchase. Several financing options
for real estate loans are available depending on your individual
situation including balloon, fixed term, or variable rate.
Nebraska
Energy Loans- A low interest
rate loan for energy efficient home improvements or appliances.
Ask us for details on what types of improvements qualify.
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