First Community Bank of Bedford County is participating in the FDIC’s Transaction Account Guarantee Program. Under that program, through December 31, 2009, all noninterest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC’s general deposit insurance rules.
Savings
Savings Accounts
Grow your money and retain full liquidity with your choice of savings account.
Whether you are just starting out or saving for something specific, make the most of your money with a savings or CD product. To reach your short- and long-term savings goals, we have the right product for you.
Benefits
- Savings Accounts
Grow your money and retain full liquidity with your choice of savings account. - Certificate of Deposit Accounts
CD's are a convenient savings option. Earn a higher rate than a savings account on funds you can set aside for a fixed period of time Contact us to choose from a variety of terms and options.
Comparison of Accounts
| Regular Savings | Christmas Club | Certificate of Deposit |
| Opening Deposit | ||
| $10 | $5 | $1000 |
| Account Features | ||
|
Six withdrawals allowed each four week or similar period $1 per withdrawal in excess of six each four week or similar period Interest compounded on a quarterly basis |
Only one withdrawal allowed each term of account $15 early withdrawal fee |
Offered up to sixty (60) months maturity Penalty for early withdrawal is 90 days interest penalty on certificates of one year or less and 182 days interest penalty on certificates with maturity over one year |
For additional information on our accounts, contact us to request a copy of our Schedule of Fees and Deposit Account Terms and Conditions.
