Notice of Changes in temporary FDIC Insurance Copverage for Transaction Accounts
All funds in a "noninterest-bearing transaction account" are insured in full by the FDIC from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC's general deposit insurance rules.
The term "noninterest-bearing transaction account" includes a tradtional checking account or demand deposit account on which the insured depository institution pays no interest. It does not include other accounts, such as traditional checking or demand accounts that may earn interest, NOW accounts, money market deposit accounts, and Interest on Lawyers Trust Accounts ("IOLTAs").
For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.
For many of our customers, regular checking is the answer with no minumum balance to open. To avoid a monthly fee, your average daily balance should not fall below $500.00 or your account is subject to a $5.00 service charge for the month. If your average daily balance falls below $300.00 your account will be subject to a $5.00 service charge. You may make an unlimited number of deposits into your account. We impose a check fee after 25 debits (withdrawals) from your account, additional debits are $0.15 each when your average daily balance falls below $500.00.
- FREE Notary
- FREE Telephone Banking
- $ Cashier checks $2.50 as needed
- $ Money Order $2.50 as needed
*Fullerton National still offers interest bearing checking accounts
Money Market Account
Our Money Market account requires a $1,000.00 minimum balance. With this account higher balances earn corresponding higher rates, with the added convenience of a maximum of six checks and six transfers per month. The service charge for falling below the minimum balance is $5.00. There is a $1 per check or transfer fee for exceeding six checks and six transfers per month.
Fullerton National bank is proud to offer our customers an interest bearing account. With Fullerton National Bank's NOW account, the interest rate is determined by the account balance and current rates, and will be personally explained in detail by a Customer Service Representative. NOW Account Checking offers these added features:
- $500.00 opens your account
- Earned Interest on your account
- Modest $5.00 fee if your account falls below $500.00
- FREE Notary
- FREE Telephone Banking
Fullerton National Bank investors can choose from a wide variety of savings account designed to meet their goals for the future.
Begin your savings plan with a passbook savings account. There is no minimum amount to open this account. The interest is compounded quarterly and interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day. Our savings accounts offer unlimited deposits and six withdrawals per calendar month or statement cycle of at least four weeks for no service charge. If you exceed six withdrawals per month, there is a $1.00 per withdrawal fee.
*Santa's Club Account
This is a great way to save for the holidays. Unlimited deposits into your account. A check with the interest will be mailed to you annually. Please ask our staff about any additional terms and limitations.
*Certificates of Deposit
CDS earn you a higher yield on money you are able to invest for a specific period of time. We offer CDs with maturities ranging from 3 months to 48 months.
*Individual Retirement Accounts
A tax-deferred IRA can help you accumulate money for your retirement while giving you an immediate tax deduction. Please ask our staff for our current IRA rates and requirements.
*Penalty for early withdrawal.
Free Checking Account
A new account now offered at Fullerton National Bank is the Fullerton National Free Checking Account. The account requires no minimum balance and has no monthly service or transaction fees.When you open your Free Checking Account you get your first order of checks free and a free Visa Check Card.(upon bank approval.) Other features of this account are Free ATM banking at our ATM locations and free online banking and free online bill paying. For details on other account-related fees contact a bank representative for details.