Personal Services

Hometown Bank offers the financial services to make your life easier and less complicated. We offer a wide variety of personal checking and savings accounts to meet your needs, and each has specific benefits to fit your lifestyle—and give you a financial advantage. Let us help you choose the right combination of accounts that fit your needs.

Checking | Savings | Loans | Other Services

 

Checking (top)

Home Free Checking

This account makes banking simple with no monthly fee.

  • $50 minimum opening deposit
  • No minimum balance
  • Free Internet banking and bill pay
  • Free ATM/debit card
  • Unlimited check writing
  • Optional overdraft protection with approval

Hometown Classic Checking

  • Minimum opening balance $50
  • Earns interest on balances of $500 and over. Interest accrues daily, compounded monthly
  • $7 monthly fee waived if you maintain a $500 daily balance, use Direct Deposit, or are age 62 or over
  • Free Internet banking & bill pay
  • Free ATM/debit card
  • Unlimited check writing
  • Image statement
  • Optional overdraft protection with approval

Hometown Advantage Checking

This account gives you the Hometown Advantage with free ATM access anywhere in the world—plus the features you need and use most. Maintain a minimum balance, and it's all free!

  • Minimum balance of $1,000
  • Earns interest on balances of $1,000 and over. Interest accrues daily, compounded monthly
  • $10 monthly fee if balance falls below $1,000
  • Free ATM use anywhere
  • Free ID Theft Protection
  • Optional overdraft privilege with approval
  • Free Internet banking & bill pay
  • Free ATM/debit card
  • Unlimited check writing
  • Image statement

Hometown Varsity Club

For those age 55 and over

  • Minimum opening balance $1,000
  • Earns interest on balances of $1,000 and over. Interest accrues daily, compounded monthly
  • $10 monthly fee waived if you maintain a $1,000 daily balance
  • Free Internet banking & bill pay
  • Free ATM/debit card
  • Unlimited check writing
  • Optional Overdraft privilege with approval
  • Free personalized Club Checks
  • Image statement
  • Free notary service
  • Free Stop Payments
  • No fee for VISA® Gift Card
  • Free copies
  • Newsletter
  • Travel Discounts, luncheons and more

Hometown Money Market Account

Earn higher interest with this limited checking account.

  • Minimum opening balance $2,500
  • Earns interest on balances of $2,500 and over. Interest accrues daily, compounded monthly
  • $15 monthly fee waived if you maintain a $2,500 daily balance
  • Free Internet banking & bill pay
  • Interest based on balance tiers
         $2,500.00-$9,999.99
         $10,000.00-$24,999.99
         $25,000.00-$49,999.99
         $50,000 and above
  • Image statement
  • 6 transfers per statement cycle, three of which may be check, draft, ACH, debit card or similar order made by the depositor and payable to third parties.
  • $5 charge for each withdrawal over 6 per statement cycle

Hometown Investment Account

For a higher return on your money

  • Minimum opening balance $10,000
  • Earns interest on balances of $10,000 and over. Interest accrues daily, compounded monthly
  • $15 monthly fee waived if you maintain a $10,000 daily balance
  • Free Internet banking & bill pay
  • Free ATM/debit card
  • Unlimited check writing
  • Image statement

Savings (top)

Hometown Round Up Savings   

  • An easy way to save money and balance your checkbook by rounding up all debit card purchases to the next dollar.  All you need is a Hometown Bank personal checking account, Hometown Bank Visa debit card and a Hometown Bank personal savings account.  
  • When you make a purchase with your Hometown Bank debit card, the amount will automatically be rounded up to the next whole dollar.  The difference will be automatically deposited into your Hometown Bank savings account.        

Hometown Savings Account

  • Minimum opening balance $25
  • No minimum monthly balance. Interest accrues daily, compounded quarterly
  • Free Internet banking & bill pay
  • 6 withdrawals per quarter with no fee. $2 fee per for each withdrawal over 6 per quarter
  • Detailed quarterly statement

Hometown All-Stars

For pre-school thru grade 12

  • Receive $1.00 per A on report card to be deposited into savings account
  • Maximum $10.00 per grading period
  • Must bring report card within 30 days of getting grades
  • All “A” deposits can not be withdrawn for 24 months

Certificates of Deposit

Hometown Bank offers federally insured Certificate of Deposit accounts in terms of 30 days to 5 years.

We also offer a 39 month Certificate of Deposit. Deposits can be made in increments of $100, and you may make one withdrawal per year. Remaining balance may not be lower than $1,000.

Individual Retirement Accounts

  • Plan for retirement or education with a federally insured IRA.
  • Traditional IRA –Terms of 6 months to 60 months
  • Roth – 5 year term
  • Education – 5 year term

Christmas Club account

  • Minimum opening balance $5
  • No monthly maintenance fee
  • Deposits may be made into the account or automatically deducted from your Hometown Bank checking account in any increments you wish.
  • Interest accrues daily and is paid at maturity. Interest is forfeited if account closes before maturity, and a $10 service fee may be imposed.
  • At maturity, the balance, including accrued interest, will be mailed to you by check.

Vacation Club Account

  • Minimum opening balance $5
  • No monthly maintenance fee
  • Deposits may be made into the account or automatically deducted from your Hometown Bank checking account in any increments you wish.
  • Interest accrues daily and is paid at maturity. Interest is forfeited if account closes before maturity, and a $10 service fee may be imposed.
  • At maturity, the balance, including accrued interest, will be mailed to you by check.

Loans (top)

Hometown Bank wants to be your source for financing. We offer personal loans, a wide range of mortgage options, home equity loans and lines of credit, construction loans and more. Talk with a Hometown Bank lending professional about your needs.

Mortgage

Buying a home—first home, vacation home, dream home—may be one of the most important decisions you make. Your neighbors at Hometown Bank work hard to make home financing simple and hassle-free. We offer a variety of mortgage loans to make your new home purchase an easy one. As always, you can expect more from Hometown Bank—we make decisions locally and quickly.

Before you choose your dream home, it's generally a good idea to meet with a lender to discuss your options and get pre-approved for a loan. You'll gain an understanding of how much house you can afford, and this makes for a quicker closing when you finally do find that dream home.

Choose from a variety of fixed and variable rate mortgages, VA and FHA loans and more. Let us help you explore the best options to fit your needs.

Kentucky Housing

With fast turnarounds, Kentucky Housing provides programs with below market fixed rates. KHC offers no and low down payment programs with advantages for first time as well as repeat homebuyers. Income restrictions vary by county.

Fixed Rate Mortgages

Fixed rate mortgages offer locked-in security with terms from 10 – 40 years. You'll know exactly what to expect every month, and your interest rate won't change as market interest rates fluctuate. Conventional loans are available for both purchasing and refinancing a home.

Adjustable Rate Mortgages

An Adjustable Rate Mortgage, or ARM, offers a fixed rate of interest for a specified period of time. After the initial period, the interest rate, payment amount and terms can change.

FHA Mortgage loans

Fixed rate mortgages are administered by the Federal Housing Authority that typically require down payments as low as 3%, feature easier qualification, and offer other advantages. Let us help you determine if you qualify.

VA Loans

VA Loans are available to qualified veterans and active duty military persons guaranteed by the United States Department of Veterans' Affairs. VA loans generally feature no down payments and financing up to 100% of purchase price without requiring mortgage insurance. Seller can pay all closing costs.

Rural Housing Loan Programs

Qualified applicants can finance 100% of the purchase price at below market rates on new and existing construction. There is no expensive monthly mortgage insurance and qualifying guidelines are flexible. (Subject to county income restrictions).

First Time Home Buyers

We want to help our neighbors become homeowners. We'll work with you to help make that happen with a variety of programs to choose from designed specifically for first time home buyers.

Conventional 100% Loan Programs

We may be able to arrange 100% financing, helping you to own your own home without a down payment. No income restrictions. Rate determined by credit scores.

Construction Loans

If you're building, Hometown Bank offers competitive rates with a long-term fixed option.

In order for us to assist you more efficiently, you may want to bring the following documents with you when you come in to talk with us about your home loan:

  • W2 forms for the past 2 years  
  • Copies of pay stubs for one full month
  • Copies of last 2 months' bank statements
  • Two years of tax returns if you are self employed or a commissioned employee
  • The most recent Social Security Awards letter if you draw Social Security
  • An itemized list of all monthly payments

Home Equity Line of Credit

A Hometown Bank Home Equity Line of Credit lets you use the equity that's been building in your home for home improvements, additions, education, travel, auto financing, major purchases and unexpected expenses. Once your line is approved, you decide when to use your funds—and how. And the interest you pay may be tax deductible, so be sure to ask your tax advisor.

Options for every situation:

  • First time homebuyers
  • Less than perfect credit
  • 100% loan, no down payment
  • Self-employed borrowers
  • Stated Income and Asset option
  • Refinancing
  • Veteran's, Kentucky Housing, and FHA loans

Home Loan Consultation

Come into Hometown Bank and let us help with a free home loan consultation. We're available days, evenings and weekends to work with your schedule, and we offer 24-hour loan decisions even before you've decided on your home. You find the home of your dreams, and we'll help make it yours.

Other Services (top)

  • Free Checking
  • Safe Deposit Boxes
  • ATMs
  • Overdraft Protection
  • Direct Deposit
  • Hometown Investment Services
  • Wire Transfer
  • Visa® Gift Cards
  • Savings Bonds
  • Night Depository
  • Drive-Thru

    24 Hour Phone Banking
    1-877-524-2632

    Get information on all your accounts 24 hours a day, seven days a week. Check balances, track cleared checks, transfer funds between accounts and more.

    Home (Internet) Banking

    Bank securely whenever you want, from anywhere in Kentucky or the world where you have Internet access. It's simple, fast, safe, secure—and free. Bank from home, from your office, on the road or on vacation. Your account information is protected by the most advanced and secure Internet banking technology.

    • Transfer funds between Hometown Bank accounts
    • Free Internet bill pay—Save time and money!
    • Track checks that have cleared accounts
    • Transfer funds to pay your Hometown Bank loans
    • Download information to Quicken Microsoft ® Money
    • Check account activity

    Visa® Debit/ATM Card

    visaThe Hometown Bank Visa® Debit Card gives you the power of cash with the safety of a debit card. Present your Hometown Bank Visa® Debit Card to any merchant who accepts Visa®, and your purchase amounts are deducted from your checking account and detailed on your monthly statement. Your Hometown Bank Visa® Debit Card is also your 24 ATM card, so you can access cash and your account at most ATM machines worldwide.

    • No monthly fee, credit approval required.

 


Hometown Bank is participating in the FDIC’s Transaction Account Guarantee Program. Under that program, through December 31, 2010, all noninterest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC’s general deposit insurance rules.

This coverage does not apply to balances in the Hometown Advantage, Hometown Varsity and Hometown Investment accounts. It also does not apply to money market accounts, savings accounts, club accounts and all Certificate of Deposits
NOTICE: To protect your personal information from unauthorized access and use, we use security measures that comply with federal law. These measures include computer safeguards and secured files and buildings. We restrict access to nonpublic personal information about you to only those employees who need to know that information to provide products or services to you.