Friday, February 03, 2012
 
Personal Savings Account

It’s like your Mother told you, “It’s better to save for a rainy day than to have to borrow money to buy an umbrella.”

Use our Online Banking to set up an automatic transfer from a deposit account to a savings account. It’s a painless way to save.

 

 

Regular Savings

This is not an account used to pay bills. This is an account to take that first step toward a dream. Just five dollars a week can take you on vacation next year. Ten dollars a week could grow into the down payment for your first home. Twenty dollars a week … you pick a dream and make it your reality.

This account provides easy access with competitive interest rates. There is no minimum balance required to earn interest. We compound your interest daily and credited it to your account quarterly. Up to six withdrawals per month are free. A small fee will be assessed for each withdrawal over the limit. There is a minimal service charge if your balance falls below monthly requirements.

Minor Savings (For age 20 and under)

When your 1 year old Granddaughter is playing with the box instead of your expensive birthday present, do you think, “There must be something better I can do with her birthday money?”

If she is a tax deduction she has a social security number, so bring it in and let’s set up a savings account.

When she is big enough for that first lemonade stand, think how excited she will be to make a deposit at her Bank in her Account.

This isn’t just giving money. This is showing your young person that you know they have a bright future. This is teaching how to save, how to plan, and how to work toward a goal. The money is great, but the lessons learned will be used long after the money has paid for that great dream.

There is a minimal initial deposit to open. The account earns interest, compounded daily credited quarterly, regardless of balance. Six withdrawals per month are free, after that there is a small charge for each extra withdrawal.
 

Alliance National Bank


Member FDIC


NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS

All funds in a “Non-Interest Bearing Transaction Account” are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012.  The temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC’s general deposit insurance rules.  The term “Non-Interest Bearing Transaction Account” includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes interest on Lawyers Trust Accounts (“IOLTA’s”). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, Money Market Deposit Accounts.

FDIC INSURANCE STANDARD MAXIMUM DEPOSIT INSURANCE AMOUNT (SMDIA)

On July 21, 2010, President Barack Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act into law, which, in part, permanently raises the current standard maximum deposit insurance amount (SMDIA) to $250,000. The FDIC insurance coverage limit applies per depositor, per insured depository institution for each account ownership category. Consumers and bankers can find additional information regarding FDIC’s deposit insurance coverage through the use of the FDIC’s Electronic Deposit Insurance Estimator (EDIE) and deposit insurance publications located on the FDIC’s website “Are My Deposits Insured?” In addition, you can call the FDIC at 1-877-ASK-FDIC (1-877-275-3342).

For more information about FDIC Insurance Coverage visit www.fdic.gov.

 
To report lost or stolen ATM or Visa Debit Cards call us immediately at:
706-279-1600 or 1-877-461-2265 (toll free)
After hours or weekends call 1-800-500-1044

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