Deposits and withdrawals may be made at any time on this account, but pre-authorized transfers made to third parties are limited to six per month.
This account may be set up for a minor as primary owner with no service charge. A parent or guardian must be on the account until age 18.
This account generates an annual statement showing the interest earned at the current rate offered. A monthly statement is generated if there is electronic activity.
Requirements: Must have $50.00 to open the account. The account requires a $100.00 balance to avoid a monthly service charge of $2.00. When opening a new account, the customer will have 90 days to accumulate the required $100.00 balance to avoid a service charge.
Health Savings Account (HSA)
A tax-advantaged personal savings account that helps those with HSA-qualified health plans save money on many out-of-pocket medical expenses like doctor visits, vision and dental care, and prescriptions.
Deposits and withdrawals may be made at any time on this account. Customers will be limited to 6 checks payable to a third party per month. This account compounds monthly and generates a monthly statement showing the interest earned at the current rate offered.
Must have $1000.00 to open the account.
If the balance falls below $500.00 there is an automatic $5.00 service charge for that month.
Customers may deposit any amount into this account. Deposits may be made by using deposit tickets, or they may be automatically deducted from an account. A check or direct deposit will be sent to the account holder in mid-October for the final balance of the account. Statements are generated semi-annually on this account. A monthly statement is generated if there is electronic activity.
Requirements: Account may be opened with any amount over $1.00. Withdrawals are not permitted-the club must be closed out.
BV Kids Club
The BV Kids Club is a special savings account for children ages 0-12. Each new member receives a BV piggy bank. Members will be eligible throughout the year for contests, prizes, and special promotions.
Requirements: A $25.00 deposit is required for a new customer to become a member. A $10.00 deposit is required for an existing account holder to change an existing savings into a BV Kids Club account.