Savings Accounts
Scituate Federal Savings Bank offers a variety of savings and investment vehicles. Let us help you pick the one that is right for you!
Passbook Savings Accounts - convenient savings with the old time security of a passbook detailing your savings as they grow. $25 minimum to open account.
Statement Savings Accounts - for customers who prefer access to their savings account via ATM or telephone banking, and monthly statements for your convenience. $25 minimum to open account.
Certificates of Deposit - for short or long term investing at great rates! Minimum deposit may vary.
Money Market Accounts - for customers who want higher returns with check writing ability. $2,500 minimum to open account.
Performance Savings Accounts - provides five tiers with higher rates for each tier. The more you save the more you earn! $2,500 minimum to open account.
IRA Savings Accounts - no fees, no hassles, save for your future with the benefit of tax deferred savings
IRA Certificates of Deposit - a great way to save for your retirement! No fees. Earn higher interest rates so your tax deferred savings ensure a comfortable retirement.
Call us at 781-545-0016 for more information.
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Scituate Federal Savings Bank is participating in the FDIC's Temporary Liquidity Guarantee Program.
Under this program, through December 31, 2012, 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.
For more information please visit one of our branch offices or visit http://www.fdic.gov/regulations/resources/TLGP/index.html
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Notice of Changes in Temporary FDIC Insurance Coverage for Transaction Accounts
All funds in a "noninterest-bearing transaction account" are insured in full by the Federal Deposit Insurance Corporation 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 traditional 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 deposit accounts that may earn interest, NOW accounts and money-market deposit accounts.
For more information about temporary FDIC insurance coverage of transaction accounts, please visit www.fdic.gov
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