Savings Accounts, CDs and IRAs
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
- Limit of six withdrawals or transfers for each calendar month or statement cycle of at least four weeks.
- Interest compounds and is paid quarterly
- 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.
Certificates of Deposit (CDs)
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 compounds and is paid quarterly
- 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 (IRAs)
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- Interest earned is tax deferred until withdrawn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
Contact Us
Fairview Savings and Loan Association
301 N. Main
Fairview, OK 73737
: (580) 227-3735
: (580) 227-2154
: support@fairviewsavings.com
Banking Hours
Lobby & Drive-Thru Hours | |
---|---|
Monday - Friday | 9:00 am - 4:00 pm |