First Century Bank

Checking Accounts
Savings Accounts
Certificates of Deposit
Individual Retirement Accounts(IRA)

CHECKING

Free Checking

Need unlimited check writing convenience with 24-hour access to your account information and an ATM/Check Card for quick access to cash? If so, First Century Bank’s Free Checking Account is for you…

ATM/Check Card
Unlimited check writing
Monthly Statement
Online Banking
Minimum opening deposit $100.00 ($50 for Students)

Big Oak Club Checking

An extraordinary checking account that gives you more than you expect—for less than you think! This account gives you access to a package of financial, travel, and consumer-oriented services.

Accidental death insurance
25% discount on safe deposit box
Travel benefits
FREE checks (wallet-blue style only)
Unlimited check writing
ATM/Check Card
FREE Notary service
Monthly Statement
Plus additional benefits
Receive all this and more for a low monthly fee. Ask for complete details.

Golden Oak Checking

At First Century Bank, there are some great advantages to being 55 or better — like our Golden Oak Checking account with no recurring monthly fees and no minimum balance requirement. Our Golden Oak Checking also offers:

Direct deposit of retirement and Social Security checks
FREE checks (limit 400 annually)
ATM/Check Card
Monthly statement
Interest earned and credited monthly if collected balance of $500 is maintained.
FREE notary service
Minimum opening deposit $100.00

Now Account Checking

Choose NOW Checking if you would like to earn interest on your checking account. NOW Accounts are available to individuals, unincorporated sole-proprietorships, and non-profit organizations.

Minimum opening deposit $500.00
ATM/Check Card
Monthly Statement
Unlimited Check Writing
Interest is compounded daily, calculated on collected balance, and credited monthly*.
No service fee for balances of $1,000.00 and above.**

*Pays no interest on days the balance is below $500.00. The interest rate and annual percentage yield (APY) may change at any time.
**If balance falls below $1,000.00, a monthly maintenance fee will apply.

SAVINGS

Little Acorn Savings Account

Designed for children under the age of 18, this account teaches children the importance of saving money while making it fun and easy. And First Century Bank will deposit $5.00 into the account on its one year anniversary date and $10.00 at the end of five years if a $25.00 minimum balance has been maintained throughout.

Minimum opening deposit $25.00*
Interest is compounded daily, calculated on collected balance, and credited quarterly**.
Quarterly statement
Make up to 9 withdrawals per quarter at no charge.

*Balance may not exceed $10,000.00.
**The interest rate and annual percentage yield (APY) may change at any time.

Christmas Club Account

Get an early start on the holiday season with a Christmas Club Savings Account at First Century Bank. Deposits may be made at anytime. You may also have funds automatically transferred from your checking account on a regular basis. Checks are mailed on October 15, just in time for the holiday shopping season.

Minimum opening deposit $10.00
No monthly service fee
Interest paid at maturity*
Fee assessed when account is closed prior to maturity.
Interest is compounded daily, calculated on collected balance, and credited quarterly*.

*The interest rate and annual percentage yield (APY) may change at any time.

Regular Savings

Minimum opening deposit $100.00 ($50.00 for Students)
Interest is compounded daily, calculated on collected balance, and credited quarterly*
Make up to 9 withdrawals per quarter at no charge.

*The interest rate and annual percentage yield (APY) may change at any time.

Mighty Oak Growth Account

The Mighty Oak is a savings account that rewards you with higher interest rates. The more money you save, the more interest your account generates. This account is tier-based, meaning the greater the balance the higher the interest rate and annual percentage yield.

Minimum opening deposit $100.
Simple interest, calculated on collected balance, and credited monthly*
Make up to 3 withdrawals per quarter at no charge.

*The interest rate and annual percentage yield (APY) may change at any time.

Money Market Investment Account

This account pays competitive money market rates and is available to all depositors. Transfers from a Money Market Investment Account to another account or third parties by pre-authorized, automatic, or telephone transfer are limited to six per month with no more than three by check, draft, or similar order to third parties.

Minimum opening deposit $2,500.
Interest is compounded daily, calculated on collected balance and credited monthly.*
No service fee for balances of $5,000 and above

*Pays no interest on days the balance is below $1,000.00. The interest rate and annual percentage yield (APY) may change at any time.
**Minimum balance to avoid monthly maintenance fee $5,000.00. If balance falls below $5,000.00, a monthly maintenance fee of $10.00 will apply.

Health Savings Accounts (HSAs)

Health Savings Accounts (HSAs) are tax-advantaged personal savings accounts that provide a way to save for current and future medical expenses. Your HSA can be used to cover small and routine medical expenses until your deductible is met. To be eligible for an HSA you must covered by a qualified high deductible health plan (HDHP), below Medicare eligibility age, and not covered by any other health plans. You cannot be claimed as a dependant on someone else’s tax return.

HSA contributions are tax deductible.
Unspent balances may carry over and accumulate year after year.
HSA earnings and distributions may be tax free if used for qualified medical expenses.
You, not your employer, owns the HSA and you make decisions regarding contributions and distributions.
Your funds are “portable” and remain with you even if you change jobs or leave the workforce.
Unused HSA funds may be withdrawn at age 65 years or over without penalty, however, they may subject to tax.
Withdrawals used for purposes other than qualified medical expenses may be subject to a 10% penalty if withdrawn before the HSA beneficiary turns 65 years of age. Assets withdrawn for non-medical reasons will be subject to income taxes.

*Consumers should check with their tax advisor to determine eligibility for tax deductibility.

Contact your First Century Bank representative to find out if a Health Savings Account is right for you. For bank locations and contact information click here.

Certificates of Deposit

A CD offers a smart and convenient way to save by locking in attractive interest rates guaranteed for the length of time that best suits your needs. CDs are available with terms ranging from 91 days to 60 months. Ask your First Century Bank representative for details.
*Federal regulations require a penalty for early withdrawal.

Individual Retirement Accounts

IRAs from First Century Bank are personal saving accounts that provide tax benefits to individuals saving for retirement. We offer a variety of IRA investing plans. Please talk with us about which type of IRA best suits your investment needs and goals. (Consult your tax advisor regarding possible tax benefits.)

Traditional IRA

Traditional IRAs allow you to invest pretax dollars, providing possible tax benefits throughout your income-producing years.

Interest earnings are not taxed until withdrawal
Withdrawals are penalty-free for individuals age 59 ½+, or in cases of death or disability (may be subject to tax).

Roth IRA

Roth IRAs, while not tax-deductible, allow you to make qualified, tax-free distributions.

Tax-free withdrawals for individuals at least age 59 ½+, or for death or disability
Withdrawals prior to age 59 ½+ may be tax- and penalty-free for qualified purposes, such as a first home purchase

Coverdell Education Savings Account (CESA) Traditional IRA

The Coverdell Education Savings Account (formerly known as Education IRA) is a nondeductible account that features tax-free withdrawals specifically for your child’s education expenses. CESAs allow parents, grandparents or other family members, friends and even children to contribute towards the child’s education.

For individuals under age 18
Tax-free withdrawals for qualified education expenses*
Parents may deposit $2,000.00 per child for college annually
Money may be transferred to another family member for college

*Money not used for qualified educational expenses may be taxed and is subject to a 10% penalty






	Personal Checking & Savings Checking Accounts Savings Accounts Certificates of Deposit Individual Retirement Accounts(IRA) CHECKING Free Checking Need unlimited check writing convenience with 24-hour access to your account information and an ATM/Check Card for quick access to cash? If so, First Century Bank’s Free Checking Account is for you… ATM/Check Card Unlimited check writing Monthly Statement Online Banking Minimum opening deposit $100.00 ($50 for Students) Big Oak Club Checking An extraordinary checking account that gives you more than you expect—for less than you think! This account gives you access to a package of financial, travel, and consumer-oriented services. Accidental death insurance 25% discount on safe deposit box Travel benefits FREE checks (wallet-blue style only) Unlimited check writing ATM/Check Card FREE Notary service Monthly Statement Plus additional benefits Receive all this and more for a low monthly fee. Ask for complete details. Golden Oak Checking At First Century Bank, there are some great advantages to being 55 or better — like our Golden Oak Checking account with no recurring monthly fees and no minimum balance requirement. Our Golden Oak Checking also offers: Direct deposit of retirement and Social Security checks FREE checks (limit 400 annually) ATM/Check Card Monthly statement Interest earned and credited monthly if collected balance of $500 is maintained. FREE notary service Minimum opening deposit $100.00 Now Account Checking Choose NOW Checking if you would like to earn interest on your checking account. NOW Accounts are available to individuals, unincorporated sole-proprietorships, and non-profit organizations. Minimum opening deposit $500.00 ATM/Check Card Monthly Statement Unlimited Check Writing Interest is compounded daily, calculated on collected balance, and credited monthly. No service fee for balances of $1,000.00 and above.* Pays no interest on days the balance is below $500.00. The interest rate and annual percentage yield (APY) may change at any time. If balance falls below $1,000.00, a monthly maintenance fee will apply. SAVINGS Little Acorn Savings Account Designed for children under the age of 18, this account teaches children the importance of saving money while making it fun and easy. And First Century Bank will deposit $5.00 into the account on its one year anniversary date and $10.00 at the end of five years if a $25.00 minimum balance has been maintained throughout. Minimum opening deposit $25.00 Interest is compounded daily, calculated on collected balance, and credited quarterly*. Quarterly statement Make up to 9 withdrawals per quarter at no charge. Balance may not exceed $10,000.00. *The interest rate and annual percentage yield (APY) may change at any time. Christmas Club Account Get an early start on the holiday season with a Christmas Club Savings Account at First Century Bank. Deposits may be made at anytime. You may also have funds automatically transferred from your checking account on a regular basis. Checks are mailed on October 15, just in time for the holiday shopping season. Minimum opening deposit $10.00 No monthly service fee Interest paid at maturity Fee assessed when account is closed prior to maturity. Interest is compounded daily, calculated on collected balance, and credited quarterly. The interest rate and annual percentage yield (APY) may change at any time. Regular Savings Minimum opening deposit $100.00 ($50.00 for Students) Interest is compounded daily, calculated on collected balance, and credited quarterly* Make up to 9 withdrawals per quarter at no charge. The interest rate and annual percentage yield (APY) may change at any time. Mighty Oak Growth Account The Mighty Oak is a savings account that rewards you with higher interest rates. The more money you save, the more interest your account generates. This account is tier-based, meaning the greater the balance the higher the interest rate and annual percentage yield. Minimum opening deposit $100. Simple interest, calculated on collected balance, and credited monthly Make up to 3 withdrawals per quarter at no charge. The interest rate and annual percentage yield (APY) may change at any time. Money Market Investment Account This account pays competitive money market rates and is available to all depositors. Transfers from a Money Market Investment Account to another account or third parties by pre-authorized, automatic, or telephone transfer are limited to six per month with no more than three by check, draft, or similar order to third parties. Minimum opening deposit $2,500. Interest is compounded daily, calculated on collected balance and credited monthly. No service fee for balances of $5,000 and above Pays no interest on days the balance is below $1,000.00. The interest rate and annual percentage yield (APY) may change at any time. Minimum balance to avoid monthly maintenance fee $5,000.00. If balance falls below $5,000.00, a monthly maintenance fee of $10.00 will apply. Health Savings Accounts (HSAs) Health Savings Accounts (HSAs) are tax-advantaged personal savings accounts that provide a way to save for current and future medical expenses. Your HSA can be used to cover small and routine medical expenses until your deductible is met. To be eligible for an HSA you must covered by a qualified high deductible health plan (HDHP), below Medicare eligibility age, and not covered by any other health plans. You cannot be claimed as a dependant on someone else’s tax return. HSA contributions are tax deductible. Unspent balances may carry over and accumulate year after year. HSA earnings and distributions may be tax free if used for qualified medical expenses. You, not your employer, owns the HSA and you make decisions regarding contributions and distributions. Your funds are “portable” and remain with you even if you change jobs or leave the workforce. Unused HSA funds may be withdrawn at age 65 years or over without penalty, however, they may subject to tax. Withdrawals used for purposes other than qualified medical expenses may be subject to a 10% penalty if withdrawn before the HSA beneficiary turns 65 years of age. Assets withdrawn for non-medical reasons will be subject to income taxes. Consumers should check with their tax advisor to determine eligibility for tax deductibility. Contact your First Century Bank representative to find out if a Health Savings Account is right for you. For bank locations and contact information click here. Certificates of Deposit A CD offers a smart and convenient way to save by locking in attractive interest rates guaranteed for the length of time that best suits your needs. CDs are available with terms ranging from 91 days to 60 months. Ask your First Century Bank representative for details. Federal regulations require a penalty for early withdrawal. Individual Retirement Accounts IRAs from First Century Bank are personal saving accounts that provide tax benefits to individuals saving for retirement. We offer a variety of IRA investing plans. Please talk with us about which type of IRA best suits your investment needs and goals. (Consult your tax advisor regarding possible tax benefits.) Traditional IRA Traditional IRAs allow you to invest pretax dollars, providing possible tax benefits throughout your income-producing years. Interest earnings are not taxed until withdrawal Withdrawals are penalty-free for individuals age 59 ½+, or in cases of death or disability (may be subject to tax). Roth IRA Roth IRAs, while not tax-deductible, allow you to make qualified, tax-free distributions. Tax-free withdrawals for individuals at least age 59 ½+, or for death or disability Withdrawals prior to age 59 ½+ may be tax- and penalty-free for qualified purposes, such as a first home purchase Coverdell Education Savings Account (CESA) Traditional IRA The Coverdell Education Savings Account (formerly known as Education IRA) is a nondeductible account that features tax-free withdrawals specifically for your child’s education expenses. CESAs allow parents, grandparents or other family members, friends and even children to contribute towards the child’s education. For individuals under age 18 Tax-free withdrawals for qualified education expenses Parents may deposit $2,000.00 per child for college annually Money may be transferred to another family member for college *Money not used for qualified educational expenses may be taxed and is subject to a 10% penalty