| Personal Checking Services
Free Checking
A traditional checking account requiring a $100 opening
deposit. Customers receive a monthly statement itemizing
transactions, but checks and deposit slips are not returned
with the statement. The account has unlimited check
writing and ATM withdrawals.
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Hometown II Checking
A traditional checking account requiring a $100
opening deposit. There is a service charge if the
balance falls below a certain level any day of the month
(cycle). The account has unlimited check writing and ATM
withdrawals and also provides accidental death and
dismemberment insurance. There is a flat monthly service charge.
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Prestige Club 55
A checking account for those fifty-five years of age
or older, with no monthly service charge. This checking
account offers many free services.
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NOW Checking Account
An interest bearing checking account which pays a competitive
rate of interest to the depositor and requires higher
balance levels than Personal Checking.
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Money Market Account
Higher rate of interest than a Now Account but limited
check writing capability.
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Personal Savings and Investment Services
Regular Savings Account
An easy to open, interest bearing account that makes
it simple to save, for individuals, joint account owners,
and certain organizations and business entities. Requires
an opening deposit of $50.
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Minor Savings Account
A savings account for minors that are seventeen years
of age or younger. Requires an opening deposit of $25.
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Time Deposits
Certificate of Deposit (CD)
An interest bearing investment offered by Town and
Country Bank for clients wishing to invest money for
a fixed time period at a competitive rate of interest,
for current income or long-term funds accumulation.
Minimum CD amount of $1000. Terms of 3 months to 5 years.
Please contact our new accounts representatives for
current rates.
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Individual Retirement Account (IRA)
A personal retirement savings program in which interest
may be tax-deferred. Town and Country Bank offers a
variable rate investment or fixed rate CD's. We offer
regular IRA accounts which are pre-tax accounts, Roth
IRA's which are made with after-tax funds, and Education
IRA's.
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Personal Loan Services
MasterCard/VISA
Credit Card Services available to customers of TCB
based on their credit application and credit history.
A Bonus Point Program provides free travel and gifts
with points accumulated by using your TCB credit card.
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Consumer Loans
A loan targeted to the consumer for the purchase or
refinance of vehicles, boats, travel trailers, motorhomes
or household goods.
Rate and term are determined by the credit history
and deposit relationship of the borrower.
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Savings Account or CD Loans
Allows TCB customers to borrow against the value of
their TCB Savings Accounts or CDs at a lower interest
rate than would otherwise be charged.
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Educational Loans
A personal loan made to finance college tuition and other
educational expenses (not government guaranteed).
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Home Loans
Fixing up or buying new - fixed rate or adjustable
rate loans available to fit your budget. Also see Mortgage
Banking under Financing and Credit Services.
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Personal Loans
TCB offers a variety of other personal loans designed to
meet consumer and family needs and financial objectives.
Personal, unsecured loans are given on the basis of
good credit history and cash flow of the borrower. Depending
on the purpose, these loans can be repaid monthly or
on a term basis. The interest rate is determined by
the amount of the loan, deposit relationship, and credit
history.
Whenever possible, collateral is taken to secure a
personal loan. Generally, a loan that has collateral
has a more favorable term and interest rate than an
unsecured loan.
All prospective loan applicants will complete an application,
cash flow statement, and in some cases a personal financial
statement for TCB's review.
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Credit Life
and Accident & Health Insurance
Insurance that pays off the balance of the loan in
case of death or pays the monthly payments if the customer
is unable to meet the obligation because of health reasons
(some restrictions apply).
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Other Personal Banking Services
Automated
Payments and Deposits
This service can include direct/automatic deposits
into a Town and Country Bank customer's account for
payroll, Social Security, retirement/pension, CD interest
and other similar payments. Customers can depend on
deposits being made into their accounts and funds being
available on the same day every month. In addition to
Automatic Deposits, TCB offers Automatic Payments taken
out of a customer's checking or savings account for
a fixed amount on the same day each month to pay for
a loan, to pay insurance premiums, or to transfer funds
to another checking or savings account. This service
may be used for regular monthly deposits into a special
savings account such as a College Fund for a child.
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Cashier's Checks
A direct obligation of TCB that is guaranteed payable
if endorsed completely and correctly. A Cashier's Check
cannot be sold blank or issued to "cash" or
"bearer". Consumers and companies frequently
purchase Cashier's Checks to satisfy payment and/or
remittance terms requiring immediate satisfactory payment,
especially when a large amount is involved.
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Money Orders
A check-like payment mechanism that is purchased from
TCB for a cash value up to $1,000. Money Orders are
widely accepted by companies and merchants for bills
and other obligations (Money Orders are safer than cash
to send in the mail because they can be directed to
a specific payee such as a utility company or a landlord).
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Safe Deposit Boxes
Secure storage for valuables, including jewelry, deeds,
wills, stocks, bonds, leases, etc.
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Savings Bonds
Customers can purchase Government-backed Savings Bonds from Town
and Country Bank for various amounts and maturities.
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Wire Transfers
The fastest and most secure method of moving funds
and guaranteeing immediate availability.
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VISA® Check Card
The convenience of an ATM card with the advantages
of the VISA® network. This card can be
used to access funds in checking and savings accounts,
obtain account balances, and to transfer funds at ATMs
worldwide. The VISA® Check Card also
offers a Bonus Points Program for free travel and gifts.
Please contact a bank representative for details.
To report a lost or stolen Visa® Check Card after hours,
weekends, or holidays, please call 1-800-554-8969.
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VISA®
Travel Money
A safe and secure way to take funds on a trip or
vacation.
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