Savings Accounts

Del Norte Bank assures your banking safety by being financially sound and being backed by the FDIC, most deposits are insured up to at least $250,000. Our experienced and knowledgeable staff is ready to help you with your savings, CDs, IRAs and many other services. We are a local mutual bank with a staff that is always friendly and committed to giving our customers the best service.

Deposit rates view more details.

Open an Account

Personal Accounts

We’ll need for each signer:

Copy of your driver’s license
Social Security number
Typically it takes $100 to open any given account to avoid a service charge
Proof of Physical Address (Utility bill, phone bill, etc)

Business Accounts

To open a business account, we’ll need:

Proof of name registration from the state
Verification of federal tax ID number
List of signers on account in writing—one of the following examples would work:
Articles of incorporation
Corporation – We need your Bylaws
Limited Liability Company (LLC) – We need your Operating Agreement
Resolution
Minutes showing designation of signers
Copy of each signer’s driver’s license
Each signer’s Social Security number
Proof of Physical Address (Utility bill, phone bill, etc)

ADDITIONAL TERMS

Interest Rates and annual Percentage Yields (APY) are variable and may change at any time at the Bank’s discretion. No floor or ceiling has been established. A minimum daily balance must be maintained to obtain the APY. The minimum daily balance that must be maintained is equal to the “Minimum Daily Balance to Earn Interest” amount disclosed for each product. We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the collected balance in the account each day. We use an interest accrual basis of 365 days for each day of the year. Interest begins to accrue on the business day the bank receives credit for the deposit of non-cash items such as checks. Accrued but unpaid interest may not be paid if the account is closed. Seven days notice of withdrawal may be required.
Pre-authorized automatic and telephonic transfers to a third party of another account of the depositor of this Bank are limited by Federal Regulation to six per statement. No more of these may be made by check, draft or similar external order to pay.
If a new account is closed within 90 days of the open date, a $30.00 fee will be imposed.
We may close your account at any time, with or without cause by sending you a notice and a check for the balance in our possession to which you are entitled.

Statement Savings

This is designed for households and businesses as a safe place to accumulate savings. Charges discourage withdrawals.

Requirements include:

Minimum balance to open – $100.00
Minimum daily balance to earn APY each month – $25.00

Benefits include:

Limited to six withdrawals per month
Interest compounded daily and paid monthly
Monthly statement

Cost:

Service Charge of $2.00 if balance falls below $200.00 any day of the month
*If under 18 years of age and younger – no minimum balance fee

Freedom Savings

This is designed for households as a safe place to accumulate savings. This account has lower minimum daily balances to open and to avoid charges. Charges discourage withdrawals.

Requirements include:

Minimum balance to open – $25.00
Minimum daily balance to earn APY each quarter – $25.00

Benefits include:

Limited to six withdrawals per month
Interest compounded daily and paid quarterly
Quarterly statement

Cost:

Service Charge of $2.00 if balance falls below $100.00 any day of the month
*If under 18 years of age and younger – no monthly service charge

Rainy Day Savings

Designed for households and businesses able to make automatic transfers every month and avoid withdrawals. This account pays a premium yield. Significant charges discourage withdrawals.

Requirements include:

Minimum balance to open – $25.00 and a maximum of $1000.00
Monthly automatic transfers required of $25.00, $50.00, $75.00, $100.00, $250.00 or $500.00 from another account or auto transfer from a customer’s payroll or other institution
Minimum daily balance to earn APY $25.00

Benefits include:

One withdrawal/debit allowed per month
Interest compounded daily and paid monthly
$200.00 – $10,000.00 pay a higher interest rate
The minimum daily balance to earn interest monthly is $200 and tiered based on your balance. Please see the rate sheet or ask a staff member for current rates.
Monthly statement

Cost:

Withdrawals/debits of more than one per month – $2.00 each

Investor Savings

This is designed for high net worth households and businesses as a safe place to accumulate savings with a premium yield. Charges discourage withdrawals.

Requirements include:

Minimum balance to open – $10,000.00
Minimum daily balance to earn APY each month – $1000.00
Monthly statement

Benefits include:

Limited to six withdrawals per month
Interest compounded daily and paid monthly
Larger deposits pay higher rates

Cost:

Service Charge of $9.00 if balance falls below $10,000.00 any day of the month

IRA Accounts

Designed for individuals for a retirement plan. Contact us today to learn about the options we have to fit your needs.

Requirements include:

Minimum balance to open – $50.00
Must meet IRA guidelines subject to IRA rules and regulations

Benefits include:

Interest credited at end of term
Account automatically renews
Seven calendar days after maturity date to withdraw funds without penalty

Cost:

Penalty of three months interest for early withdrawal
Early withdrawal penalty applies per IRA rules and regulations

Routing #302170162
NMLS#446071

March 18th, 2019

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