Deposit Terms and Conditions
Deposit Rates
Please call Pickens Savings and Loan at 864-878-2444 for current rate information. Remember that you may reach our Customer Service Representatives by email at customerservice@pickens.bank. Rates are subject to change at any time.
Deposit Account Terms and Conditions
Checking
| Minimum to Open | Min. Daily Balance to Earn APY* | |
|---|---|---|
| Now Account | $100 | $1,000 |
| Senior Checking | $100 | $1,000 |
| Small Business Checking | $500 | N/A |
| Business Now Checking | $250 | $1,000 |
| Exclusive Checking | $500 | $1,000 |
Savings
| Minimum to Open | Min. Daily Balance to Earn APY* | |
|---|---|---|
| Passbook Savings | $100 | $100 |
| Youth Passbook Savings | $10 | $10 |
| Premium Passbook Savings | $10,000 | $100 |
| Christmas Club Savings | $10 | $10 |
Money Market
| Minimum to Open | Min. Daily Balance to Earn APY* | |
|---|---|---|
| Insured Money Market | $1,000 | $1,000 |
| Preferred Insured Money Market Note: Interest rate and APY* determined by your daily balance tier will be paid on entire balance. | $10,000.00 | $1,000.00 - $9,999.99 $10,000.00 - $24,999.99 $25,000.00 and over |
Certificate of Deposit
| Minimum to Open | Min. Daily Balance to Earn APY* | |
|---|---|---|
| 91 Days (A) | $2,500 | $2,500 |
| 6 Months (A) | $2,500 | $2,500 |
| 7 Months (A) | $2,500 | $2,500 |
| 8 Months (A) | $500 | $500 |
| 9 Months (A) | $500 | $500 |
| 10 Months (A) | $500 | $500 |
| 11 Months (A) | $500 | $500 |
| 12 Months (B) | $500 | $500 |
| 13 Months (B) | $500 | $500 |
| 14 Months (B) | $500 | $500 |
| 15 Months (B) | $500 | $500 |
| 18 Months (B) | $500 | $500 |
| 23 Months (B) | $500 | $500 |
| 30 Months (B) | $100 | $100 |
| 31 Months (B) | $100 | $100 |
| 3 Years (B) | $100 | $100 |
| 4 Years (B) | $100 | $100 |
| 5 Years (B) | $100 | $100 |
IRA
Individual Retirement Accounts have a twelve month term and the same minimum balance as our twelve month Certificates of Deposit Accounts. Please consult one of our Customer Service Representatives for current IRA rates.
If you have any questions, please feel free to contact us. Whatever you need, we are here to make banking more efficient for you.
