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We know you want choices in banking to maximize your return on investment. That’s why we have a full array of accounts for you to choose from, all with different interest rates and balance requirements. At The Guernsey Bank, our account specialists will help you choose the best account for you – one that is sure to fit your financial needs and lifestyle. And, if you’d like us to review your accounts to ensure that you have the best fit, just ask one of our friendly and knowledgeable associates.They won’t bite, we promise!
Click here to fill out and submit an account interest form to The Guernsey Bank. We’ll call you back within 24 hours to discuss your options.
The name says it all! There is no minimum balance fee. If you are 62 or older, you will receive one free box of checks per year. An ATM Card is available upon request. The Jeanie® Card is available subject to credit approval. Deposit
Account Disclosure Information.
- Free check safekeeping
- This is a non interest-bearing account
- Customer will receive a monthly statement with this account
- Free foreign (non-Guernsey Bank) ATM usage (may be charged by owner of ATM)
- Free Online Banking and Bill Pay
Maintain a minimum balance of $500 and you avoid any fees! If you are 62 or older, you pay no monthly service fee and you will receive one free box of checks per year. The ATM Card is available upon request. The Jeanie® Card is available subject to credit approval. Deposit
Account Disclosure Information.
It’s easy to get this account with no monthly fees!
- Maintain a $500 minimum daily balance in this checking account, OR
- Maintain a $500 minimum daily balance in either a Passbook Savings Account or Certificate of Deposit. Please ask for details.
This account earns interest:
- You will earn interest on a balance greater than $500.00. See the Current Rates/Specials page for our most current rates.
- You must maintain a minimum balance of $500.00 each day to obtain the disclosed APY.
- Interest will be compounded and credited to your account on the last day of each month.
- Interest begins to accrue on the business day you deposit non-cash items (i.e. checks)
- Your interest rate and annual percentage yield are determined by the Bank at our discretion and may change at any time.
- Free check safekeeping
- Checks returned with monthly statement: $7.00/month
- Free Online Banking and Bill Pay
Maintain a higher checking account balance, and get a higher
interest rate. Deposit
Account Disclosure Information.
It’s easy to get this account without a monthly fee by maintaining a $10,000 balance.
Maintain a $10,000.00 minimum daily balance in this checking account.
This account earns interest:
- Refer to the Current Rates/Specials page for the most up-to-date rates for this account.
- You will earn interest on a balance greater than $500.00, but you must maintain a $10,000.00 minimum daily balance to receive the stated APY.
- Interest will be compounded and credited to your account on the last day of each month.
- Interest begins to accrue on the business day you deposit non-cash items (i.e. checks)
- Your interest rate and annual percentage yield are determined by the Bank at our discretion and may change at any time.
Other Important Information
- Checks returned with monthly statement = $7.00/month
- Free check safekeeping
- Customer will receive a monthly statement with this account
- Free foreign (non-Guernsey Bank) ATM usage (may be charged by owner of ATM)
- Current customers – at least 50% of the money used to fund this account must come from funds not currently on deposit with The Guernsey Bank
- Free Online Banking and Bill Pay
The most traditional savings plan! Maintain a minimum balance of
$100 and you avoid any fees. Interest is earned on balances of $100
or more and is compounded and credited quarterly. Deposit
Account Disclosure Information.
- Minimum deposit to open this account is $100.00.
- It’s easy to get this account with no monthly fees! Simply maintain a daily minimum balance of $100.
- Quarterly minimum balance fee is $3.00.
- Interest will be compounded quarterly and credited to your account on the last day of each calendar quarter: March, June, September, December.
- You will earn interest on a balance greater than $100.00.
- Interest begins to accrue on the business day you deposit non-cash items (i.e. checks)
- You must maintain a minimum balance of $100.00 each day to obtain the disclosed annual percentage yield.
- Free Online Banking
With Direct Plu$ you have no passbook to worry about. Instead,
you will receive a monthly statement. Maintain a minimum balance
of $100 and you avoid any monthly fees. Interest is earned on balances
of $100 or more and is compounded and credited monthly. You will
enjoy unlimited access to your account for deposits and withdrawals.
An ATM Card is available upon request and will provide you 24-hour
access to your Direct Plu$ Account via the ATM. Deposit
Account Disclosure Information.
- Minimum deposit to open this account is $100.00.
- It’s easy to get this account with no monthly fee! Simply maintain a daily minimum balance of $100.00.
- Monthly minimum balance fee is $2.00.
- Interest will be compounded monthly and credited to your account on the last day of each month.
- You will earn interest on a balance greater than $100.00.
- You must maintain a minimum balance of $100.00 each day to obtain the disclosed annual percentage yield.
- Interest begins to accrue on the business day you deposit non-cash items (i.e. checks)
- Free Online Banking
A great way to combine the power of a savings account with some
of the access features of a checking account. Tiered interest rates
mean the higher the balance, the higher the interest rate. Deposit
Account Disclosure Information.
- Minimum deposit to open this account is $1,000.00.
- It’s easy to get this account with no monthly fee! Maintain a minimum daily balance of $1,000.00.
- Monthly minimum balance fee is $5.00 and will be assessed on balances below $1,000.00.
- You may make six (6) withdrawals from your account each month, but only three (3) may be payments to third parties by check, draft or similar instrument. Your account will be assessed a fee of $5.00 for each withdrawal that exceeds the limit of six (6).
- The minimum amount you may write a check for is $250.00
- Interest will be compounded and credited to your account on the last day of each month.
- Interest begins to accrue on the business day you deposit non-cash items (i.e. checks)
- Free Online Banking
Similar to our Money Market, this account begins with higher
minimum balances and pays higher rates. Deposit
Account Disclosure Information.
- Minimum deposit to open this account is $10,000.00.
- It’s easy to get this account with no monthly fee! Maintain a minimum daily balance of $10,000.00.
- Monthly minimum balance fee is $5.00 and will be assessed on balances lower than $10,000.00.
- You may make six (6) withdrawals from your account each month, but only three (3) may be payments to third parties by check, draft or similar instrument. Your account will be assessed a fee of $5.00 for each withdrawal that exceeds the limit of six (6).
- The minimum amount you may write a check for is $250.00
- Interest will be compounded and credited to your account on the last day of each month.
- Interest begins to accrue on the business day you deposit non-cash items (i.e. checks)
- Free Online Banking
The higher the balance, the higher the interest rate. Variable
interest rates tied to Prime make this a perfect account when interest
rates are on the rise. Deposit
Account Disclosure Information.
It’s easy to get this account with no monthly fees!
- Maintain a $25,000 minimum daily balance
This account earns interest:
- Interest will be compounded and credited to your account on the last day of each month
- Interest rates for this account
- $25,000 - $49,999.99 = 40% of Prime
- $50,000 - $99,999.99 = 45% of Prime
- $100,000+ = 50% of Prime
- Interest increases/reductions, due to changes in Prime, will occur on the first business day following the month of the increase in Prime.
- You may only make six withdrawals from your account each month, but only three may be payments to third parties by check, draft or similar instrument. You account will be assessed a fee of $10.00 for each subsequent withdrawal.
- The average daily balance method is used to calculate interest. This method applies a periodic rate to the principal in the account each day.
- Refer to the Current Rates/Specials page for the most up-to-date rates for this account.
- You will earn interest on a balance greater than $1,000.00, but you must maintain a $10,000.00 minimum daily balance to receive the stated APY
Other Important information:
- An ATM card is available upon request. The Jeanie® card is available subject to approval.
- Free foreign (non-Guernsey Bank) ATM usage (may be charged by owner of ATM)
- You must maintain a $25,000.00 balance each day to obtain the annual percentage yield.
- Interest begins to accrue on the day you deposit non-cash items (i.e. checks)
- Customers will receive a monthly statement with this account.
- You may only make six withdrawals from your account each month, but only three may be payments to third parties by check, draft or similar instrument. You account will be assessed a fee of $10.00 for each subsequent withdrawal.
- Current customers – at least 50% of the money used to fund this account must come from funds not currently on deposit with The Guernsey Bank.
- Free Online Banking
We have terms to meet your needs – anywhere from 91 days to
5 years. We offer competitive interest rates that are compounded
and credited to the CD quarterly. For your convenience, interest
earnings may be automatically deposited into another Guernsey Bank
account. Monthly interest checks are available on balances of $4,000.00
or more. There is no monthly fee for certain Guernsey Bank checking
accounts with qualifying CD balances. Penalty for early withdrawal.
Deposit
Account Disclosure Information. Previous disclosures can be
requested by contacting us.
- The minimum balance to open a standard Certificate of Deposit is $500.00, although there may be CD specials that have higher minimum balance requirements.
- Your account will mature on the date disclosed on the certificate provided you.
- The account will automatically renew at maturity.
- You will have seven (7) calendar days after maturity to withdraw funds without penalty.
- We use the average daily balance method to calculate the interest in your account. This method applies a periodic rate to the principal in the account each day.
- Interest will be credited to your account according to the terms and dates stated on your Certificate of Deposit.
IRAs are a great way to prepare for your retirement. We offer
Traditional and Roth IRA options via Certificate of Deposit. Call
us to today to determine which IRA best fits your needs. Deposit
Account Disclosure Information.
Sign up for this convenient service which electronically links your
Passbook Savings Account, Direct Plu$ Savings, Money Market or Market
Index Account with your checking account. If funds are not available
for withdrawal in your checking account, funds will automatically
transfer from savings to checking and cover the outstanding check.
There is a small $3.00 fee per transfer. Deposit
Account Disclosure Information.
Automatically pay monthly bills such as car and mortgage payments.
Have funds withdrawn from your checking account to make your loan
payments. It is so easy! Deposit
Account Disclosure Information.
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