SAVINGS ACCOUNTS AVAILABLE AT THE QUEENSTOWN BANK OF MARYLAND

Personal Savings Accounts

REGULAR SAVINGS

Initial deposit: $20.00. No monthly service charge. Six non-personal withdrawals / transfers are allowed per month. Interest is compounded and credited quarterly. Interest rates are set by the bank and are subject to periodic adjustment.

TIERED MONEY MARKET SAVINGS

An interest bearing account available to both individuals and businesses.* Six non-personal withdrawals / transfers are allowed per month. No charge for accounts with a maintained balance of $2,500.00. A $5.00 charge will be applied at the end of the statement cycle if the balance falls below $2,500.00 at any time during the statement cycle.
* Interest is calculated daily and credited monthly. Interest rates set by the bank are subject to periodic change.

SAVINGS CLUB ACCOUNT

This is a good way to save a little at a time for any yearly expenses. This account can be funded through deposits or automatic transfers. A Savings Club account earns interest which is credited annually.
*Note: Queenstown Bank offers Savings clubs for personal use only.

 

 

Business Savings Accounts

BUSINESS SAVINGS

Initial deposit: $20.00 No service charge. Six non-personal withdrawals / transfers are allowed per month. Interest is compounded and credited quarterly. Interest rates are set by the bank and are subject to periodic adjustment.

TIERED MONEY MARKET SAVINGS FOR BUSINESS

An interest bearing account available to both individuals and businesses.* Six non-personal withdrawals / transfers are allowed per month. No charge for accounts with a maintained balance of $2,500.00. A $5.00 charge will be applied at the end of the statement cycle if the balance falls below $2,500.00 at any time during the statement cycle.
* Interest is calculated daily and credited monthly. Interest rates set by the bank are subject to periodic change.