Whether you are saving for a vacation, a child's education, retirement or a rainy day, The Bank of Romney is here to help.
Savings Account
- Minimum opening deposit of $10.00.
- Minimum $5.00 daily balance to earn interest
- Must maintain a minimum daily balance of $100.00 to avoid a $2.00 monthly maintenance fee
- If account becomes inactive (dormant), all balances under $300.00 will be assessed a $3.00 dormant account fee per month
- An account will become inactive or dormant if there is no customer activity in the previous 24 months
- Anyone under 18 years of age will not be subject to the $2.00 monthly maintenance fee or $3.00 dormant account fee upon proof of age.
- Interest* is compounded quarterly and credited to the account quarterly.
- Statements will be issued quarterly.
- Allows for six pre-authorized transfers each statement period (check, draft, pre-authorized or automatic transfers, telephone order or instructions, computer transfers, debit card or similar order to a third party).
* All interest rates are subject to change.
Christmas Savings
- Minimum opening deposit of $10.00
- Interest paid annually, tiered rates
- No Maximum deposit for the year
- Direct Deposit into a Bank of Romney account in October
- Payments can be automatically deducted from your checking/savings account
- Penalty for early withdrawal
* All interest rates are subject to change.
Apple seed investors
- Under 18 years of age or an UTMA account
- Minimum opening deposit $10.00
- No Minimum balance required on all active accounts
- Minimum $5.00 daily balance to earn interest
- Interest* is compounded quarterly and credited to the account quarterly
- Allows for six pre-authorized transfers each statement period (check, draft, pre-authorized or automatic transfers, telephone order or instructions, computer transfers, debit card or similar order to a third party.)
* All interest rates are subject to change.
CDs
- Low minimum deposits of $500.00 for CDs of 18 months or shorter, $1000.00 for 24-60 month CDs
- Flexible terms: 91 days to 60 months
- 91 days to 12 months one withdrawal per term with penalty
- 18 months to 60 months three withdrawals per year with penalty
- Check our current interest rates*
- Interest may be compounded, transferred to another account, or sent to you in a check
* All interest rates are subject to change.
IRAs
Individual Retirement Accounts
- Minimum opening deposit of $50.00
- Traditional IRA
- Roth IRA
- A penalty may be imposed for early withdrawals.