CDs & Savings
Whether you are saving for a house, a bicycle, Christmas or retirement we have an account that will fit your needs. At Bank of Jamestown we understand that your savings is important to you, so we make it important to us.
We have been helping people in this community save for over 100 years. Call or stop by and see someone on our Savings Team to discuss your needs.
Certificates of Deposit
We offer various terms:
Certificates of Deposit must be opened with at least $500.
7 to 91 Day C. D.’s can only have interest paid at the end of the term. Interest can be paid by check or deposited directly into your savings or checking account. 7 to 91 Day C. D.’s automatically renew.
182 Day C. D.’s can have interest paid monthly, quarterly, or at maturity. Interest can be paid by check or deposited directly into your savings or checking account. 182 day C. D.’s automatically renew.
12 Month C. D.’s can have interest paid by check, deposited into accounts, or compounded. If the interest is paid by check or deposited directly into your savings or checking account, interest can be paid monthly, quarterly, semiannually, or at maturity. If compounded, interest can only be added quarterly. 12 Month C. D.’s automatically renew.
18 Month C. D.’s can have interest paid by check, deposited into accounts, or compounded. If the interest is paid by check or deposited directly into your savings or checking account, interest can be paid monthly, quarterly, semiannually, or annually. If compounded, interest can only be added quarterly. 18 Month C. D.’s automatically renew.
36 Month C. D.’s can have interest paid by check, deposited into accounts, or compounded. If the interest is paid by check or deposited directly into your savings or checking account, interest can be paid monthly, quarterly, semiannually, or annually. If compounded, interest can only be added quarterly. 36 Month C. D.’s automatically renew.
$100,000.00 & Over Certificates of Deposit – Contact someone on our Certificate of Deposit team for details
Get quick answers to your questions about CDs and Savings Accounts:
Lauren Higginbotham or Sharon Burgess
call: (270) 343-3186
Passbook Savings Accounts
The account must be opened with at least $100.
A minimum balance of $100 is required to avoid dormant fees if there is no activity for 6 months or more. Interest is compounded and added to your account at the end of each quarter. You can get an ATM card with your savings account.
Fees: An excess withdrawal fee of $1.00 is charged for each withdrawal in excess of three during a calendar month.
Christmas Club Accounts
Haven’t you always wanted to be in a club? Join the Bank of Jamestown Christmas Club!
We make it easy for you, you can deposit any amount, any time with the maximum balance not exceeding $5,000. You can also take advantage of having money automatically transferred to the Christmas Savings out of another savings or checking account on a regular basis. We mail a check out each year the first week of October for the balance in the account. This is just in time for Christmas shopping or to help pay your property taxes. The accounts are single ownership but you are welcome to add someone as “Paid on Death” to the account. This Christmas savings account draws an interest rate of 1.00% Annual Percentage Yield. The interest is paid one time each year on September 30th.
After we mail out the checks you can start depositing money for the next year into that same account, so no more having to open a different account each year. Call or come visit us today to inquire about or open your Christmas Club Savings Account.
IRAs
Bank of Jamestown offers both fixed and variable IRA’s.
You can deposit up to $6,000.00 in your IRA and an extra $1,000.00 if you are 50 or older.
Contact Us
Better Banking
Get quick answers to your questions about Savings Accounts from these people:
Lauren Higginbotham or Sharon Burgess
call (270) 343-3186
