A sound savings program is important as you build your future strong and secure. The First National Bank of Mount Dora invites you to talk with us today to establish the savings program which best suits your individual needs.

Money Market Accounts

An interest-earning investment account which allows ready access to your funds by check or withdrawal. Monthly fees can be eliminated by maintaining a minimum dailly balance.

• $100.00 deposit to open account
• $2500 minimum daily balance or $5000 min. average daily balance to avoid a maintenance fee
• $7.50 monthly maintenance fee imposed if minimum balance requirements are not met for the statement cycle.
• $ 0.25 per item fee assessed for debit items, unless minimum balance requirements are met.
• Market interest rate earned.
• Six pre-authorized withdrawals or transfers permitted each statement cycle with no more than three of these by check, draft, debit card, or similar order to third parties.
• Tier Levels:
• Tier 3  $0.01 - $24,999.99
• Tier 2   $25,000 - $99,999.99
• Tier 1   $l00,000 and Greater

Interest rate subject to change at any time. Interest compounded monthly and credited to the account monthly.

Personal Savings Account
A traditional savings vehicle to meet a variety of needs and lifestyles. Monthly fees can be eliminated by maintaining a minimum monthly balance.

• $50 to open account
• Interest compounded monthly and credited monthly
• $2 monthly maintenance fee imposed if the balance falls below $200 any day of the month
• Six preauthorized transfers permitted each statement cycle with no transfers by check, draft, debit card or similar order to third parties

Interest rate subject to change at any time. Interest compounded monthly and credited to the account monthly.

Christmas Club Savings

• $1 minimum opening deposit required
• Save in virtually any amount you wish during the year
• Checks representing contributions sent in November to account holder
• Unlimited deposits
• No withdrawals may be made during the year without bank consent

Market Interest Rates Earned
A high yield return on an investment that is FDIC insured. A variety of rate and term options to meet your needs.

• Various terms available
• Market interest rate paid
• Early withdrawal penalties may be imposed
• Accounts automatically renew for similar term upon maturity

Please discuss our Savings programs and Certificates of Deposit with a Customer Service Representative for current interest rate information and to receive complete disclosure on the account of your choice.

INDIVIDUAL RETIREMENT ACCOUNTS

Certificates of Deposit
For those who prefer to manage their own IRAs, we offer CD IRAs with 6 month, 9 month and 18 month maturities.

• IRAs invested in term certificates of deposit
• Market interest rates earned
• Interest compounded quarterly and credited to account quarterly
• $500 minimum opening deposit required
• You may make deposits into your IRA until age 70-1/2
• Withdrawals from principal, before maturity, subject to approval.
• Early withdrawal penalties may be imposed.  Married couples are eligible to save up to $10,000.00 with both earning and non-earning spouses eligible for  $5,000.00 annual contributions, if 50 or over you can make an additional $1,000.00 Catch Up Contribution.