have a full line of saving plans for you to choose from.
Whether it is a regular savings account, a higher yielding money
market account, or an IRA, we are sure we can meet your savings
The Basic Savings Account
is designed for the customer that wants easy access to
their money while earning interest. Maintain a minimum balance
of $100 at all times and itís free. Otherwise a maintenance fee
of $3 per quarter will apply.
The Money Market Account
This account offers rates that grow with your balance through a
tiered rate structure, but still allows you to have convenient
access to your money. Withdrawals can be made at any time in
person, or by telephone or online transfer.
Transfers from a Money Market
Account to another
account or to third parties by preauthorized, automatic, or
telephone or online transfer are limited to six per statement
cycle with no more than three by check, draft, debit card, or
similar order to third parties.
maintenance fee of $5 per month will apply unless a minimum
balance of $2,500 is maintained.
The IRA - Individual Retirement Account
IRAs are great savings tools due to the special laws governing
their taxation. Traditional IRAs are generally not taxed until
they are distributed. Earnings on Roth and Education IRAs
(Coverdell Education Savings Accounts) are generally not subject
to federal taxes. Contributions to Traditional IRAs may be tax
deductible. These tax advantages can result in larger savings
accumulations over time when compared to ordinary savings
We know that is difficult to get in the habit of remembering to
save money. Therefore, we have established a way that you can
save each month without the hassle of remembering, making a
phone call, or even a trip to the bank.
tell us the amount of money that you want to save monthly or
weekly and we will automatically transfer it from your checking
to your savings account Minimum $5 transfer.
Certificates of Deposit
We offer competitive rates on certificates of deposit. Call us
today for the latest rate information at 423-447-2931 in
Pikeville, 423-949-8100 in Dunlap or 931-484-1112 in
Insurance - Deposit accounts are insured by the
Federal Deposit Insurance Corporation up to $250,000. Deposits
maintained in different categories of legal ownership are
separately insured. Accordingly, you can have more than
$250,000 insurance coverage in a single institution if your
funds are owned and deposited in different ownership categories.
**Truth-in-Savings Disclosure is available upon request.