Banking Services > Savings Accounts

Checking Accounts | Overdraft Protection | Savings Accounts

Money Market Savings

• $1,000.00 minimum balance
• Interest will be compounded and credited to your account each month
• $5.00 maintenance fee if balance falls below $1,000.00 on any day during the statement cycle
• Transfers from a money market savings account to another account or to third parties by preauthorized, automatic or telephone transfers are limited to six per statement cycle, with no more than three transfers via check, draft or similar order to third parties.

Passbook Savings Account

• Interest will be compounded and credited to your account each quarter
• $5.00 inactivity fee will be charged annually if there has been no activity in this account for two (2) years.
• Transfers from this account to another account or to third parties by preauthorized, automatic or telephone transfers are limited to six per month with no transfers by check, draft, debit card or similar order to third parties.

Christmas Club Savings Account

• No more than $200.00 per calendar month may be deposited (January – October).
• Interest will be compounded and credited to your account each quarter
• Transfers from this account to another account or to third parties by preauthorized, automatic or telephone transfers or similar order to third parties are NOT allowed.
• If you close your account before interest is credited, you will not receive the accrued interest.

Certificate of Deposits

• $100.00 minimum deposit.
• Fixed rates with terms ranging from 30 days to five (5) years.
• A penalty may be charged for early withdrawal.
• Please contact an employee of the 1st National Bank of Herman for further information regarding fees and/or additional terms.

IRA’s

• Fixed rates with terms from 6 months to four (4) years.
• A penalty may be charged for early withdrawal.