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Savings

Statement Savings

  • $100.00 minimum deposit to open this account.
  • May be opened by individuals, organizations and corporations.
  • Completely accessible accounts.
  • Receive periodic bank statements.
  • Must maintain a minimum balance of $100.00 each day in order to obtain the annual percentage yield and avoid a $3.00 service charge.
  • Account balances below $100.00 do not earn interest.

  

Young Saver's Savings

In order to open a Young Saver's account, the child must deposit a minimum of $5.00 or more. The bank will add $5.00 to their initial deposit. There are no service charges on the Young Saver's account.

Availability: Available only to someone under the age of 18, with a parent or guardian as a joint signer.

Terms: The funds are completely accessible. An unlimited number of withdrawals can be made.

  • No service charges.
  • Completely accessible account.
  • Easy way to begin teaching children to save.

 

Gold Club Savings

Savings geared to customers over the age of 50 and a companion product of the Gold Club Checking.

Availability: Available to consumers 50 years of age or older.

  • $100.00 minimum deposit to open this account.
  • The funds are completely accessible.
  • Free Visa Debit Card usage at all Newfield National Bank ATM machines (other bank charges may apply).
  • 4 Free foreign ATM transactions per month, then $3.00 per transaction.
  • Must maintain a minimum balance of $100.00 each day in order to obtain the annual percentage yield and avoid a $3.00 service charge. 
  • Account balance below $100.00 do not earn interest.
  • Free Safe Deposit Box for one year (limited to 2x5 and 3x5).

 

Health Savings

This product is a savings plan, the proceeds of which are to be used for medical expenses. Deposits can be made any time throughout the year. Consult your financial advisor or accountant for deductible limits. Transactions can only be made for payment of eligible medical expenses.

Availability: Any individual covered under a high-deductible health plan (HDHP).

  • No minimum investment.
  • Maximum investment for self-only coverage.
  • Maximum investment for family coverage.
  • There are no fees.
  • Debit card available.