Savings, Money Markets, CDs & IRAs

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Account Type More Info Minimum Opening Balance Monthly Service Charge Check Per Month
Savings Account More» None N/A N/A

Savings Account

  • No minimum deposit required to open account
  • No fees
  • Interest is compounded and paid quarterly to the account.
  • Interest begins to accrue on the business day you deposit
  • Limited to six (6) preauthorized debits per month (telephone transfers, ACH, Wire, etc)
  • Online Banking with 24 hour access
  • ATM Card
  • Bank by mail or night drop services
  • Deposits insured by the FDIC
Christmas Club More» None N/A N/A

Christmas Club

  • No minimum deposit to open
  • No fees
  • Interest bearing; interest is not compounded.
  • Interest begins to accrue on the business day you deposit
  • Account balance plus accrued interest is deposited to an Alden State Bank account at the end of the club period. If the account is closed before the interest is credited you will forfeit the accrued interest.
  • Online Banking with 24 hour access
  • Bank by mail or night drop services
  • Deposits insured by the FDIC
Money Market - Personal And Business More» $5,000.00 $20 if balance falls below $5000 6 withdrawals / month No more than 3 of these can be checks $5.00 per item fee if exceed 6 debits per month

Money Market - Personal And Business

  • $5,000 Minimum opening deposit
  • Tiered interest rates for higher balances
  • Interest is compounded and paid monthly to the account.
  • Interest begins to accrue on the business day you deposit
  • Detailed monthly statement with check images
  • Debit/ATM card
  • Online Banking with 24 hour access
  • Transfers to another account or to third parties by preauthorized, automatic, or telephone transfers are limited to six (6) per month with no more than 3 by check, draft, debit card or similar order to third parties.
  • $5.00 fee charged for each debit exceeding six (6) per statement cycle
  • Bank by mail or night drop services
  • Deposits insured by the FDIC
CDs & IRAs More» $5,000 for terms up to 91 days/$1000 for terms 182 days or greater N/A N/A

Certificate of Deposits

  • Flexible Terms for up to 5 years; you may not make additional deposits
  • Minimum deposit of $5000 for terms up to 91 days
  • Minimum deposit of $1000 for terms 182 days and greater
  • Interest begins to accrue on the business day you deposit
  • Interest can be credited to the CD, deposited to an Alden State Bank account or disbursed by check
  • Interest can be paid monthly, quarterly, semi-annually or at maturity
  • Interest Rates are fixed during the term of the CD
  • Automatically renewable
  • Penalties for early withdrawal may apply
  • Online Banking with 24 hour access
  • Deposits are insured by the FDIC

Individual Retirement Accounts (IRAs)

  • Guaranteed fixed interest rate - See our CD interest rates for IRA interest rates
  • Flexible Terms for up to five years
  • Direct Rollovers and Transfers from other IRAs
  • Traditional, Roth, SEP, and Educational IRAs are available
  • Penalties for early withdrawal may apply
  • Automatically renewable
  • Interest is compounded and credited to the CD monthly
  • Interest begins to accrue on the business day you deposit
  • At age 59 1/2 owner can elect to have money distributed; at age 70 1/2 mandatory distributions are required or a 50% excise tax is assessed
  • Maximum annual contributions may apply
  • Check with your tax advisor for your best option
  • Online Banking with 24 hour access
  • FDIC insurance up to $250,000 (this is separate from other deposit accounts)
  • Deposits are NOT invested in stocks, bonds, mutual funds, ect. IRAs are CDs ONLY