Ultimate Savings Account

• Minimum Opening Deposit
  $100.00
• Transaction Limitations
  $1.00 will be charged for each debit in excess of three during a quarter
• If the balance falls below $50.00 at any time during any month, a monthly maintenance fee of $3.00 will be charged for that statement cycle in which the minimum balance requirement was not met.
• Minimum monthly auto transfer of $25.00 from your First Texoma National Bank deposit account.
• Compounding and crediting frequency
  Interest will be compounded and credited to your account quarterly.*
• Interest Rate
  This account will earn a higher interest rate compared to our Regular Savings.
  (Apply)

*Rates & annual percentage yield subject to change daily.  Average daily balance method used to calculate interest on the account.  Interest compounds quarterly.  Fees may reduce earnings.

Regular Savings

• Minimum Opening Deposit
  $50.00
• Transaction Limitations
  $1.00 will be charged for each debit in excess of three during a quarter
• If the balance falls below $50.00 at any time during any month, a monthly maintenance fee of $3.00 will be charged for that statement cycle in which the minimum balance requirement was not met.
• Compounding and crediting frequency
  Interest will be compounded and credited to your account quarterly.****
  (Apply)

****Rates & annual percentage yield subject to change daily.  Average daily balance method used to calculate interest on the account.  Interest compounds quarterly.  Fees may reduce earnings

Money Market

• Minimum Opening Deposit
  $1000.00
• Service Charge Schedule
  If balance falls below $2500.00 at any time during the month the monthly maintenance fee is $10.00.
• Transaction Limitations
  Transfers from a Money Market Savings to another account or to third parties by preauthorized, automatic, or telephone transfer are limited to six per statement cycle with no more than three by check, draft, or similar third parties.  An excess transaction fee of $10.00 will be charged for each debit transaction (withdrawal, check paid, automatic transfer or payment out of this account) in excess of three during a month.
• Compounding and crediting frequency
  Interest will be compounded and credited to your account monthly.*
• You will receive monthly statements.
  (Apply)

* Interest rates & annual percentage yield will be determined at the bank’s discretion.  Rates are subject to change daily.  Average daily balance method used to calculate interest on the account.  Interest compounds monthly.  Fees may reduce earnings.

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Optimum Money Market

• Minimum Opening Deposit
  $5,000.00
• Service Charge Schedule
  If balance falls below $5,000.00 at any time during the month the monthly maintenance fee is $15.00.
• Transaction Limitations
  Transfers from a Money Market Savings to another account or to third parties by preauthorized, automatic, or telephone transfer are limited to six per statement cycle with no more than three by check, draft, or similar third parties.  An excess transaction fee of $10.00 will be charged for each debit transaction (withdrawal, check paid, automatic transfer or payment out of this account) in excess of three during a month.
• Compounding and crediting frequency
  Interest will be compounded and credited to your account monthly.*
  
  The interest rate on Tier 1 is determined at our discretion.  The interest rate on Tier 2 is based on Tier 1 plus a margin of .20%. The interest rate on Tier 3 is based on Tier 1 plus a margin of .40%.  The interest rate on Tier 4 is based on Tier 1 plus a margin of .60%.  The interest rate on Tier 5 is based on Tier 1 plus a margin of .80%.  The interest rate on Tier 6 is based on Tier 1 plus a margin of 1.00%
  
• You will receive monthly statements.
  (Apply)

* Interest rates & annual percentage yield will be determined at the bank’s discretion.  Rates are subject to change daily.  Average daily balance method used to calculate interest on the account.  Interest compounds monthly.  Fees may reduce earnings. 

Certificates of Deposit

Terms - 91 day, 182 day, 12 month, 24 month, 36 month, 48 month, 60 month

Earn competitive interest rates that are guaranteed until maturity with a First Texoma National Bank CD. A variety of terms is offered. Interest can be compounded, automatically deposited into your checking or savings account, or mailed to you.

• Minimum Opening Deposit
  $1,000.00
• Penalties for early withdrawal
  A penalty may be imposed for withdrawals before maturity.  If your account has an original maturity of:
  -91 days the fee we may impose will equal one month’s interest on the amount withdrawn subject to penalty.
  -92 days to a year the fee we may impose will equal three month’s interest on the amount withdrawn subject to penalty.
  -More than one year the fee we may impose will equal six month’s interest on the amount withdrawn subject to penalty. 
• Transaction Limitations
  You may not make any deposits into your account before maturity.  You may make withdrawals of principal from your account before maturity. There will be a penalty.  You can withdraw interest accrued in the term before maturity of that term without penalty.     
• Compounding and crediting frequency
  Daily balance method used to calculate interest on the account.  Interest will be credited to your account monthly, quarterly or at maturity when the maturity is less than one year. Alternatively, you may choose to have interest paid to you by check or credited to another account monthly or quarterly rather than credited to this account.
• CD renewal options
  Automatically renewable - will renew at maturity.  You will have 10 calendar days after maturity to withdraw funds without a penalty.
  Non-automatically renewable - will not automatically renew at maturity. If account is not renewed, interest will not accrue after maturity.
• The annual percentage yield assumes interest will remain on deposit until maturity.  A withdrawal will reduce earnings.
  (Apply)

IRAs

Terms - 12 month, 24 month, 36 month, 48 month, 60 month

An IRA is a personal savings plan that provides income tax advantages to individuals saving money for retirement purposes.

• Minimum Opening Deposit
  $1,000.00
• Penalties for early withdrawal
  If your account has an original maturity of one year: The fee we impose will equal three months interest on the amount withdrawn subject to penalty.
  If your account has an original maturity of more than one year: The fee we impose will equal six months interest on the amount withdrawn subject to penalty.
• Transaction Limitations
  -You may make multiple deposits into your account, up to the maximum allowable by law.
  -You may make withdrawals of principal from your account before maturity.
  -You can withdraw interest accrued in the term before maturity of that term without penalty.
  -Other rules apply to ages 59½ and over. 
• Compounding and crediting frequency
  Daily balance method used to calculate interest on the account.  Interest will be compounded and credited to your account monthly.
• Automatically renewable time account
  This account will automatically renew at maturity.
  (Apply)

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