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Personal Savings

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Available on the app store

Simply Savings Account

A great way to start saving!

Only a $7 monthly charge if your minimum balance falls below $100

Only $50 to Open

Earn a competitive Interest rate with a balance of $.01 or more

Premier Savings Account

Earn higher rates while maintaining access to your funds!

Only a $7 monthly charge if your minimum balance falls below $2,500

Only $50 to Open

Earn a higher interest rate with a balance of $2,500 or more

Earn a competitive interest if your balance falls below $2,500

 

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.

We will match your contributions in the first month up to $25.

Hometown All-Stars Account

For pre-school thru grade 12!

No minimum balance to maintain as there is no monthly service charge

Only $1.00 to open

Competitive interest is paid on all maintained daily balances of $.01 and over.  Interest will be compounded quarterly.  Interest will be credited quarterly

Interest rate .10% — Annual Percentage Yield .10% — Rate and APY accurate as of
2/9/2024

You must maintain a minimum balance of $.01 in the account each day to obtain the disclosed annual percentage yield

The rate may change after opening; fees could reduce earnings

Receive $1.00 per “A” up to a maximum of $10 per grading period

Report cards must be presented within 30 days of the current grading period date

Money received from grades must be deposited into the All-Stars account and cannot be withdrawn for 24 months.  A 24-month hold will be placed on each bonus deposit made by the Bank on behalf of the student.

6 withdrawals per statement cycle are permitted with no fee.  $2 fee for each withdrawal over 6 per statement cycle.

Christmas Club Account

Only $5 to Open

No Monthly Service Charge

Deposits may be made in any increment you wish

Interest will be compounded annually

Interest will be credited annually

Interest is forfeited if account closes before maturity, and a $34.50 service fee may be imposed

A partial withdrawal may be made before maturity and a $10 fee per withdrawal may be imposed

At maturity, the balance, including accrued interest, will be mailed to you by check, or can be deposited into your Hometown Bank accounts

If your account has a balance less than $3 at the end of the club year, you will forfeit any accrued interest

Club year runs November 1st thru October 10th

Vacation Club Account

Only $5 to Open

No Monthly Service Charge

Deposits may be made in any increment you wish

Interest will be compounded annually

Interest will be credited annually

Interest is forfeited if account closes before maturity, and a $34.50 service fee may be imposed

A partial withdrawal may be made before maturity and a $10 fee per withdrawal may be imposed

At maturity, the balance, including accrued interest, will be mailed to you by check, or can be deposited into your Hometown Bank accounts

If your account has a balance less than $3 at the end of the club year, you will forfeit any accrued interest

Club year runs April 1st thru March 15th

Additional disclosures that apply to all Hometown Bank Savings Accounts:

  • Other fees such as non-sufficient funds, overdraft, sustained overdraft fees, etc., may apply. Refer to the fee schedule for additional fees that may be related to these accounts.
  • If the account has no activity for 24 months, it will be put in a dormant status. Dormant accounts will be charged a $10.00 monthly fee.
  • If you close your account within the first 6 months, you will be charged an Early Closing Fee of $34.50.
  • Bank rules and regulations apply.

Click here for additional disclosures that apply to these accounts.

 

 

Certificates of Deposit

We offer federally insured, fixed-rate Certificates of Deposits with terms of 30 days to 60 months.

Individual Retirement Accounts

Plan for retirement with a federally insured IRA.

Traditional IRA –Terms of 6 months to 60 months

Roth – 1 & 5 year terms