Personal Overview > Savings > Silver Savings

A traditional interest-bearing statement savings account which allows for deposits and withdrawals at any time. Along with an identification card, you will receive a register for you to record deposits, withdrawals and interest earned. A detailed statement displaying your account activity is mailed to you quarterly. Monthly statements are provided when ATM or other electronic transactions are performed from the account. Here are some important details of this account:

• $1 minimum deposit to open
• $50 minimum average daily balance is required to earn interest
• $200 minimum average daily balance is required to avoid a monthly maintenance fee
• 5 or fewer withdrawals per month are free

The following enhancements to this account are available upon request:

• direct deposit
• 24-Hour MoneyMate ATM card is available for use with the Silver Savings Account only with no annual fee.
• All-In-One combined statement is available with a Lorain National checking account
• TeleBanker 24-hour telephone banking