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Personal Banking Services
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Savings & Certificates of Deposit
Checking & Money Market | Savings & CD |
IRA | Visa Check Card |
Safe Deposit Boxes
Relationship Savings
This statement savings account is designed for those
individuals who already have a First National Bank of McHenry
Checking, SNOW, or Premier Money Market Account. When linked
to one of the aforementioned accounts, Relationship Savings
Accounts are ideal because of their many functional uses. They
can be used to accept direct deposit, automatically cover an
accidental overdraft in a checking account, or to withdraw or
deposit money using an ATM. Relationship Savings Accounts are
also accessible using First Fone telephone banking and PC Bank
online banking. As long as the checking, SNOW, or Premier
Money Market Account to which the Relationship Savings Account
is linked is open and active, there is never a monthly charge
for the account.
Statement Savings
Account
For those who do not have a pre-existing account with The
First National Bank of McHenry but still desire the
convenience of electronic ATM access and direct deposit
coupled with a savings account, you will find this savings
account perfect for both investment and money management. As
an owner of this account, you will enjoy unlimited
transactions to your account in person or by ATM card. A
detailed statement is mailed to you at the end of each month
that itemizes each transaction as well as includes any
interest earned on the balances in the account. The monthly
service charge of $2 is waived if your average balance exceeds
$500 throughout the course of the month.
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Passbook Savings
Saving money in its simplest form. Owners of this interest
bearing savings account receive a passbook that is presented
to tellers to make deposits, withdrawals, and update quarterly
interest payments. The Passbook Savings account is perfect for
you if you wish to have your transactions recorded in a neat
and easy to read format, without ever having to worry about
balancing your account. No statements are mailed for passbook
accounts. ATM cards and direct deposit is not available for
passbook accounts, however, there is never a monthly charge
for the Passbook Savings account.
Looney Tunes Savings Club
A savings account designed specifically for the younger
generation between the ages of 1 -16. With the help of
Looney Tune favorites, Bugs Bunny and Taz, this statement
savings account allows its members to learn the value of
saving money while providing them the skills needed to
complete basic banking transactions, including reviewing and
balancing a monthly statement. Interest is paid monthly and
statements are mailed monthly. Owners of this account will
enjoy the benefit of the account being direct deposit and PC
Bank compatible. With parent or guardian permission, this
account can easily be converted to another type at age 16.
This will enable the owner to make withdrawals, receive cash
back on deposits, or cash checks without consent of the
parent or guardian. There is never a monthly charge for the
Looney Tunes Savings Club Account.
Young Savers Passbook Savings
This passbook savings account allows children to learn
first hand the value of saving money with a minimum amount
of book work. Because all transactions are neatly recorded
in the passbook, owners of this account can actually watch
their money grow without a lot of recordkeeping. Withdrawals
may only be performed with parental or guardian consent.
Interest is paid quarterly and statements are not mailed for
the Young Savers Passbook Savings. The only drawback is that
the account is not direct deposit compatible and not
available to be viewed using PC Bank. There is never a
monthly charge for the Young Savers Passbook Savings
Account.
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Holiday Club Savings
Never get caught short for the Holidays again. This account
provides you with an excellent way to budget your money all
year long, and rewards you in October with a check for the
balance in your account plus interest earned just in time for
Holiday shopping. Choose from two convenient ways to fund your
Holiday Club Account. Either automatically have us charge
another account when you specify or sign up to receive a
payment book with tear off coupons. The choice is yours.
Certificates of Deposit
Safety and security reign supreme with these popular fixed
rate investment vehicles. Certificates of Deposit take a set
dollar amount that you specify and depending on how long you
select, we will guarantee to pay you a certain rate the entire
time selected. This rate will be disclosed to you at the time
of your deposit. The First National Bank of McHenry
Certificate of Deposits have long been known to offer you some
of the most competitive rates in the area as well as the
security of knowing your deposit is insured by The Federal
Deposit Insurance Corporation. Sorry, as a policy we do not
match rates from other banks, however, we have found over the
years it is our rates that are being matched at other
institutions. So if you’re looking for a fair rate, and fair
subsequent renewal rates. Look no further than The First
National Bank of McHenry variety of terms – anywhere from 7
days to 5 years. Options include …
- 7 days ($2,500 minimum)
- 3 months ($2,500 minimum)
- 6 months ($2,500 minimum)
- 1 year ($500 minimum)
- 2 years ($500 minimum)
- 3 years ($500 minimum)
- 4 years ($500 minimum)
- 5 years ($500 minimum)
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Depending on the term of your certificate, interest is
compounded daily and paid quarterly by either deposit back
into the certificate, deposit to another account with us, or
(depending on the dollar amount) mailed to you by check. Be
sure to check on the current investment rates link for
up-to-date rate information.
All certificates are opened as automatically renewable,
which affords you the flexibility of ten grace days (one grace
day if the term id less than 30 days) after your initial term
to make deposits, withdrawals, or make other changes to the
certificate.
Whatever your financial objectives are, long or short term,
be sure to check with one of our customer service
representatives during regular lobby hours at any one of our
locations so we can help you select the best certificate to
meet your needs.
Advantage Certificate of
Deposit
It’s the Certificate of Deposit Special that lasts all
year!! If you’re a member of our special Advantage Plus or
Advantage 55 Plus Checking Programs, this is the Certificate
of Deposit that’s always here for you. With just a minimum
deposit of $5,000, the Advantage Certificate of Deposit brings
its members a more attractive and higher yield for your
investment dollar. See the current investment link for current
rate information.
Pay-As-You Go Certificate of
Deposit
If you in need of a savings program that offers you the
ability to save money in small amounts, and offer you a rate
substantially higher than a savings account. Be sure to check
out The First national Bank of McHenry’s Pay-as-you-Go
Certificate of Deposit. With just a $50 opening deposit, the
Pay-as-you-Go Certificate allows you to contribute amounts of
$25 or more as often as you wish during the initial 182 days.
You will see a rate comparable to the 182 day Certificate of
Deposit rate. By combining the flexibility of a comfortable
payment schedule and a great rate, the Pay-as-you-Go
Certificate is built to help you meet your financial goals in
small amounts.
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