Oak Bank

Statement Savings
Acorn Savings
Money Market Account

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.

Acorn 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.

Money Market Account
An Oak Bank Money Market Account allows you to earn a competitive market rate of interest while allowing limited access to your funds without penalty.

$2500.00 minimum balance requirement.
You receive an easy-to-read monthly statement with all processed items returned to you.
Interest is earned on the daily balance and credited to your account on the last day of the monthly statement cycle.
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.
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.
You may write 3 third parties checks per monthly statement cycle.
A $100.00 initial deposit is required to open this account.
If the balance falls below the minimum at any time during the statement cycle, the maintenance fee is $15.00.
There is a minimal check printing cost for money market account checks.