Checking and Money Market Accounts

A basic account offering value and flexibility.

Minimum to open account is $100.00

No monthly Maintenance Service Charge if:

A minimum average collected daily balance of $750.00 is maintained or

A monthly electronic direct deposit is received or

The account owner is 55 years or older

Monthly Maintenance Service Charge if minimum not met – $7.00 per statement cycle and $.30 per debit.

Economy Checking is the right product for you if you have limited transaction requirements.

Minimum to open account is $100.00

No minimum balance requirement and allows up to 8 debits per statement cycle at no charge

Unlimited number of deposits at no additional charge

Monthly Maintenance Service Charge Fee – $.75 per debit over eight (8) debits per statement cycle

NOW Checking offers competitive rates and unlimited check writing privileges.

Minimum to open account is $100.00

Interest will be compounded monthly and credited to your account every month. A $1,500.00 daily balance must be maintained to earn interest. Click here for current rates.

No monthly Maintenance Service Charge if

A minimum average collected daily balance of $1,500.00 is maintained

Monthly Maintenance Service Charge if minimum is not met- $7.00 and $.30 per debit per statement cycle

This account is a tiered product that provides you with a higher interest rate as your balances increase.

Minimum to open account is $2,500.00

Interest will be compounded monthly and credited to your account every month. A $2,500.00 daily balance is required to earn interest. Higher balances may earn higher interest rates and annual percentage yields. Click here for current rates.

No monthly Maintenance Service Charge if:

A $2,500.00 average collected daily balance is maintained.

Monthly Maintenance Service Charge if minimum is not met – $10.00 per statement cycle

Protecting Yourself from Overdraft (Insufficient Funds*) Fees

 How do overdrafts happen?

• When you write a check,
• Use your debit card to make a purchase, or
• Make an automatic bill payment or other electronic payment

for more than the amount in your checking account. 

A bank has the choice to either pay the amount or not.  If it pays the amount of the transaction, even if you don’t have enough money in your account, you may be charged an Insufficient Funds fee.  And the person or company that you were attempting to pay (landlord, utility company, etc.) may charge you a “returned check/returned ACH” fee – in addition to the fee a bank may charge.

How can you avoid an overdraft (Insufficient Funds) fee?

• Keep track of how much money you have available in your checking account by recording checks and other payments in a register when you make the payment. Using online banking or mobile banking (application) makes it easy and convenient to check your account balance and available balance.
• Pay attention to your electronic transactions including ATM withdrawals, debit card purchases and online payments.
• Don’t forget about automatic payments you may set up for rent, mortgage, utility payments, credit card payments, etc.
• Review your account activity frequently so you know which payments have posted to your account. Using online banking or mobile banking makes it easy and convenient to review transactions.
• You can also check your available balance at an ATM machine.

Sometimes mistakes happen. If you do overdraw your account, deposit money into the account as soon as possible to cover the overdraft amount plus any fees.  You can also transfer money from another account you may have at the bank, such as a savings account, to your checking account.

What are some other ways to cover overdrafts?

• Link your checking account to a savings account at the bank so funds can be transferred to your checking account to cover any overdrafts. Ask branch staff for assistance.

What should you do if you have a problem or complaint about an overdraft or fees that you have been charged?

• If you have a complaint, first try to resolve the problem directly with the bank.
• If you are unable to resolve the problem with the bank, you can file a complaint with one of the federal agencies responsible for enforcing consumer banking laws.
  • National Banks – Office of the Comptroller of the Currency – Consumer Complaints | OCC
  • Connecticut State Chartered Banks – Connecticut Department of Banking (DOB) – File a Bank Complaint

*Insufficient Funds fee is also known as a Non-Sufficient Funds (NSF) fee.