Oak Bank

Passbook Savings
Statement Savings
Minor Savings

Passbook Savings Account
Our Passbook Savings Account offers you a traditional and convenient way to save.

The required minimum balance is $500.00.
Interest is earned on the daily balance and credited to your account at the close of business on the first day of each quarter (January, April, July and October).
Interest begins to accrue on the banking day that your deposit is made.
The interest rate and annual percentage yield are subject to change at any time at the bank's discretion.
A $100.00 initial deposit is required to open this account.
If you should close your account before the date on which interest is credited, any accrued interest you have earned will not be paid to your account.
A $6.00 quarterly maintenance fee will be deducted from your account should the balance fall below the required minimum on any day of the quarter.
A $1.00 per item fee will be charged for each withdrawal in excess of 8 during a quarter.
A $10.00 early closing fee will be charged if the account is closed within the first 6 months.
8 ATM withdrawals allowed free of charge, withdrawals exceeding 8 are $1.00 each.

Statement Savings Account
Our Statement Savings Account offers you a flexible and convenient way to save. You maintain your own savings records with an easy-to-read quarterly statement listing all the activity on your account.

The required minimum balance is $500.00.
Interest is earned on the daily balance and credited to your account at the close of business on the first day of each quarter (January, April, July and October).
Interest begins to accrue on the banking day that your deposit is made.
The interest rate and annual percentage yield are subject to change at any time at the bank's discretion.
A $100.00 initial deposit is required to open this account.
If you should close your account before the date on which interest is credited, any accrued interest you have earned will not be paid to your account.
A $6.00 quarterly maintenance fee will be deducted from your account should the balance fall below the required minimum on any day of the quarter.
A $1.00 per item fee will be charged for each withdrawal in excess of 15 during a quarter.
A $10.00 early closing fee will be charged if the account is closed within the first 6 months.
15 ATM withdrawals allowed free of charge, withdrawals exceeding 15 are $1.00 each.

Minor Savings Account
Our Minor Savings Account offers you a flexible and convenient way to save. You maintain your own savings records with an easy-to-read quarterly statement listing all the activity on your account.

There is no minimum balance requirement.
Interest is earned on the daily balance and credited to your account at the close of business on the first day of each quarter (January, April, July and October).
Interest begins to accrue on the banking day that your deposit is made.
The interest rate and annual percentage yield are subject to change at any time at the bank's discretion.
A $10.00 initial deposit is required to open this account.
If you should close your account before the date on which interest is credited, any accrued interest you have earned will not be paid to your account.