Statement Savings

This account is designed to help you establish your nest egg for the future. You will receive a detailed statement monthly.
• Minimum opening deposit $50.
• Maintain a daily balance of $50 to avoid a $3 monthly service charge.
• You may make five free withdrawals each month. An excess transaction fee of $1 is charged for each transaction over five. You are limited to six preauthorized transfers per month including ACH debits. An excess transaction fee of $20 applies to each transaction over six per month.
• This is a variable rate account subject to change at the bank’s discretion.

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Money Market

Fairmount Bank’s Money Market account is the perfect savings vehicle for those who aren’t comfortable with the volatility of the current stock market but who also don’t want to lock up their funds in CDs. This account pays competitive yields and is easily accessed by check.
• Minimum opening deposit $2,500.
• Maintain minimum daily balance of $1,500 to obtain annual percentage yield.
• Six transfers per statement cycle with no more than 3 by checks; $20 each additional withdrawal, check paid, automatic transfer or payment over six.
• Maintain $10,000 daily balance to avoid a $10 monthly service charge.
• Checks mailed with statement.
• This is a Variable Rate account subject to change at the bank’s discretion.

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High Yield Passbook

For those who still prefer the passbook style account, Fairmount Bank has one.

 •Only a $500 minimum to open the account.

 •This is a Variable Rate account subject to change at the bank’s discretion.

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Checking Accounts

We have a variety of checking accounts including one for those 55+ in age. Contact us to determine which is the best for you.

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Certificates of Deposit

These investment vehicles range from three months to five years in duration.
• Minimum opening balances are as low as $1,000.
• Interest is credited monthly.
• There is a substantial penalty for early withdrawal from these accounts.

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IRA Accounts

If you are concerned about having enough income during your retirement years, take advantage of your Individual Retirement Account opportunities at Fairmount Bank.
• Even if you already participate in an employer or government-sponsored retirement plan, you can still contribute to an IRA if you earn income.
• Fairmount Bank’s IRAs have terms of 18 and 30 months with a minimum deposit to open of $100.
• For more information about IRAs call our office at 410-866-4500 and ask for the IRA expert.

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