Savings, CD's, and IRA's

Passbook Savings Account

This savings account is a convenient way to save. You can open a savings account with an initial deposit of $10.

• No average daily balance requirements
• Unlimited transactions
• Interest compounds and is paid quarterly
• Passbook provides complete account history
• Free 24 hour online banking

The account must be open for 6 months. If closed before 6 month period a $10 penalty charge will apply. Check our current rates.

Certificates of Deposit (CD's)

Fairview Savings and Loan Association offers CD's with maturities available from 6 months to 3 years

• Minimum balance to open account is $100
• Minimum balance to open a 3 year CD is $1000
• Interest may be reinvested, deposited to another account or paid by check
• Automatically renewing CD's have a grace period of 7 calendar days after the maturity date to withdraw funds without penalty
• Penalties are imposed for early withdrawal

Individual Retirement Accounts (IRA's)

An IRA is a great way to plan for retirement. Fairview Savings and Loan has two options to choose from:

Traditional

Individuals under 70 ½ years of age who have earned income may contribute to a Traditional IRA. Earnings grow tax deferred until distribution begins.

• Minimum balance to open account is $100
• Fixed rate and variable rate account options available
• Interest earned is tax deferred until withdrawn
• Minimum distributions are required beginning at age 70 ½
• IRS penalty for early withdrawal unless certain conditions apply

Roth

Contributions are made after tax.

• Minimum balance to open account is $100
• Fixed rate or variable rate account options available
• Contributions are allowed after age 70 ½ if individual has earned income
• IRS penalty for early withdrawal unless certain conditions apply

Please refer to the Rate Schedule for the most current rates.