THE HOMETOWN SAVINGS BANK

THE HOMETOWN SAVINGS BANK
FDIC: FDIC-Insured - Backed by the full faith and credit of the U.S. Government
CONTACT US | SEARCH THSB ROUTING#: 274971729
FDIC: FDIC-Insured - Backed by the full faith and credit of the U.S. Government
Savings
Rates

Savings Accounts

Regular Savings 

  • You must deposit $100.00 to open this account.
  • You must maintain a minimum balance of $100.00 in the account each day to obtain the disclosed annual percentage yield. 
  • Interest is compounded daily and credited quarterly.
  • A monthly maintenance service charge of $1.00 will be imposed if the balance in the account falls below $100.00 any day of the month.

Direct Deposit 

  • You must deposit $100.00 to open this account.
  • You must maintain a minimum balance of $100.00 in the account each day to obtain the disclosed annual percentage yield.
  • Interest is compounded daily and credited quarterly.
  • A monthly maintenance service charge of $1.00 will be imposed if the balance in the account falls below $100.00 any day of the month.

Savings Plus

  • You must deposit $7,500.00 to open this account.
  • Interest is paid on two tiered levels: less than $7,500.00 and $7,500.00 or more.
  • Interest is compounded daily and credited monthly.
  • A monthly maintenance service charge of $5.00 will be imposed if the balance in the account falls below $7,500.00 any day of the month.

Money Market Plus 

  • You must deposit $1,000.00 to open this account.
  • A monthly maintenance service charge of $20.00 will be imposed each month the balance falls below $1,000.00.
  • If your account is closed within six (6) months of the date opened, a $25.00 close-out penalty will be imposed.
  • A minimum amount of $500.00 is required for each debit (in person withdrawals, checks, telephone transfers and external withdrawals/ACH).
  • Interest is compounded daily and credited monthly.
  • Interest is paid on five tiered levels: less than $1,000; $1,000 but less than $10,000; $10,000 but less than $50,000; $50,000 but less than $100,000; and $100,000 or more.

Spring Break Club 

  • You must deposit $5.00 to open this account.
  • Any balance over $5,000.00 will earn a lower interest rate and lower annual percentage yield.
  • Interest is not compounded with this account; interest will be credited annually.
  • A $5.00 fee will be assessed for any withdrawal prior to the payout date; the payout date will be the first business day of February each year.
  • No monthly maintenance service charge will be assessed on this account.

Christmas Club 

  • You must deposit $5.00 to open this account.
  • Any balance over $5,000.00 will earn a lower interest rate and lower annual percentage yield.
  • Interest is not compounded with this account; interest will be credited annually.
  • A $5.00 fee will be assessed for any withdrawal prior to the payout date; the payout date will be the first business day of October each year.
  • No monthly maintenance service charge will be assessed on this account.

Busy Bee Savings Club

  • You must deposit $5.00 to open this account.
  • Any balance over $5,000.00 will earn a lower interest rate and a lower annual percentage yield.
  • The Busy Bee Account is available to a child who has not yet reached the age of 14; at the age of 14, the account is converted to a Regular Savings Account.
  • Interest is compounded daily and credited quarterly.
  • No Monthly maintenance service charge will be assessed on this account.

Savings Account Disclosures

Accounts with a zero ($0) balance for 90 consecutive days will automatically be closed.

See our fee schedule for additional bank fees.

Interest begins to accrue on the business day you deposit non-cash items (for example, checks).  We use the daily balance method to calculate the interest on your account.  This method applies a daily periodic rate to the principal in the account each day.  We may change the interest rate and the annual percentage yield on your account at any time.  If you close your account before interest is credited, you will receive the accrued interest.  Our rates and the annual percentage yield are determined at our discretion.

By signing the signature card, your account will be opened and you are bound to the agreement and the rules and regulations in it.  Only an officer of the Bank may vary the terms of agreements and it is only effective when done in writing by an officer.

State law requires banks to surrender unclaimed or otherwise assumed abandoned property to the Attorney General’s office.  If we are unable to contact you by mail or you have not kept in contact with the Bank within three (3) years, with you initiating no activity, it will be presumed abandoned.  You may contact the Bank for the address and/or appropriate form to claim this property once it has been forwarded to the Attorney General.