deposit specials Financial Calculators 
Checking
|
Minimum to Open |
Monthly Maintenance Fee |
Required Balance to Avoid Fee |
Interest Bearing Account |
Free Checking
(for more info) |
None |
None |
N/A |
No |
Checking Plus
(for more info) |
100.00 |
5.00 |
500.00 |
Yes |
Prime Advantage
(for more info) |
100.00 |
None |
N/A |
Yes |
Senior Value
(for more info) |
100.00 |
None |
N/A |
Yes |
PayDay Checking
(for more info) |
100.00 |
None |
N/A |
Yes |
Basic Checking
(for more info) |
25.00 |
3.00 |
N/A |
Yes |
Money Market
(for more info) |
2,500.00 |
5.00 |
1,000.00 |
Yes |
Money Market Advantage
(for more info) |
50,000.00 |
10.00 |
5,000.00 |
Yes |
Checking Accounts:
Checking account products offer you the following benefits:
- Visa Check Card Availability
- Free AccountLink Access
- Free ATM Access at Any of Our ATMS
- Free Night Deposit Service
- Free Notary Service
- Free Financial Consultation
- Free Online Access
- Free Bill Payment through Bank From Home Access
- Overdraft Privilege automatically extended to qualified customers.
- (Overdraft Privilege service will incur a fee.)
- Harland Clarke – Check Ordering
- Online Banking
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Free Checking
Open a free checking account with these great benefits:
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Checking Plus
An initial deposit of $100 will open a free checking account with these great benefits:
- Interest Paid on Balances Above Minimum Requirements
- $5.00 Monthly Service Charge waived for Statement Cycles when balance is above $500 daily.
- Overdraft Privilege automatically extended to qualified customers.
(Overdraft Privilege service will incur a fee.)
- Harland Clarke – Check Ordering
- Online Banking
Click here for rates
Not For Profit
All of the benefits of Rondout Savings Bank Checking Plus account without the monthly service charge.
Pay Day Checking
Sign up today to have your payroll check directly deposited into your Rondout Savings Bank “Payday” Checking account to receive the following benefits:
- No Monthly Service Charge With Direct Deposit of Payroll Checks*
- No Minimum Balance
- Interest Paid on Balances Above Minimum Requirements
- First Order of Checks Free
- A $5.00 monthly service charge applies for any statement cycle in which there is no direct deposit of your payroll check.
- Overdraft Privilege automatically extended to qualified customers.
(Overdraft Privilege service will incur a fee.)
- Online Banking
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Senior Value Checking Program
Rondout Savings Bank’s “Senior Value Checking Program” offers customers age 62 or better all of our Checking Plus Account benefits plus:
- No Monthly Service Charge on Senior Value Checking Account
- No Minimum Balance Required
- First Order of Checks Free
- Free Informational Seminars
- Discounts on Safe Deposit Box Rentals
- No Fees for Travelers Checks
- Free Photocopy – Up to 10 copies per day
- Free Fax Service – Up to 5 pages per week
- Overdraft Privilege automatically extended to qualified customers.
(Overdraft Privilege service will incur a fee.)
- Online Banking
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Prime Advantage Checking Program
Rondout Savings Bank’s “Prime Advantage Checking Program” offers customers age 50 or better all of our Checking Plus Account benefits plus:
- No Monthly Service Charge on Prime Advantage Checking Account
- First Order of Checks Free
- No Minimum Balance Required
- Free Informational Seminars
- Discounts on Safe Deposit Box Rentals
- No Fees for Travelers Checks
- Free Photocopy – Up to 10 copies per day
- Free Fax Service – Up to 5 pages per week
- Overdraft Privilege automatically extended to qualified customers.
(Overdraft Privilege service will incur a fee.)
- Online Banking
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Basic Checking
An initial deposit of $25.00 will open a Basic Checking account with these benefits:
- $3.00 monthly fee applies to all Basic Checking accounts
- Eight checks posted free per statement cycle, $.50 per check paid in excess of the eight*
- Fees for use of electronic facilities which are not operated by Rondout Savings as follows:
- Balance Inquiry, withdrawal or transfer between accounts - $1.00 each
- Point-of- Sale transactions - $.25 each
- Replacement of bank card - $7.50 each
- Online Banking
*A withdrawal shall be deemed to be made when it is recorded on our books, which is not necessarily the date that you initiated the transaction.
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Money Market Checking Accounts
Transfers from Money Market accounts to another account at Rondout Savings Bank or to third parties by means of a preauthorized or automatic transfer, or telephonic (including data transmission) agreement, order or instruction are limited to no more than six per statement cycle and no more than three of the six such transfers may be made by check, draft, debit card or similar order.
Personal
- Minimum $2,500 to Open
- Minimum Balance $1,000 to avoid $5.00 monthly fee
- Minimum Balance $250 to earn interest
- Monthly Statements
- Online Banking
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Money Market Advantage
- Minimum $50,000 in funds not currently on deposit at Rondout Savings Bank to Open
- Minimum Balance $5,000 to avoid $5.00 monthly fee
- $2,500 Daily Balance Required to earn annual percentage yield
- Special Tiered Rates of Interest
- $2,500 to $49,999
- $50,000 to $99,999
- $100,000 +
Check Re-Orders
If you need to order new checks or want to change your design go to Harland Clarke Check Ordering for more information.
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Savings
|
Minimum to Open |
Monthly Maintenance Fee |
Required Balance to Avoid Fee |
Interest Bearing Account |
Statement Savings
(for more info) |
100.00 |
2.00 |
250.00 |
Yes |
Passbook Savings
(for more info) |
100.00 |
2.00 |
250.00 |
Yes |
Certificates of Deposit
(for more info) |
Varies |
None |
N/A |
Yes |
Club Accounts
(for more info) |
1.00 |
None |
1.00 |
Yes |
Savings Accounts
At Rondout Savings Bank, we offer two convenient and flexible savings accounts. Passbook Savings Accounts and Statement Savings Accounts each offer the following benefits:
- $100 minimum to open, $10 for minors
- $250 minimum daily deposit to avoid $2.00 monthly fee
- Interest is compounded daily and credited monthly
- Online Banking
In addition to the benefits above a Statement Savings Account offers:
- Statements mailed monthly or combined with your Checking statement
- Visa Check Card Availability
- No fee for Using any Rondout Savings Bank ATM
- Transfer Online Between Your Accounts at Rondout Savings Bank
- Free Online Access
- 24 Hour Access through AccountLink
- Online Banking
Transfers from Statement Savings accounts to another account at Rondout Savings Bank or to third parties by means of a preauthorized or automatic transfer, or telephonic (including data transmission) agreement, order or instruction are limited to no more than six per statement cycle and no more than three of the six such transfers may be made by check, draft, debit card or similar order.
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CD’s & IRA’s
Rondout Savings Bank Certificate of Deposit (CD) accounts are a safe and secure way of earning higher interest rates on funds that you can set aside.
- Terms for CDs range from 3 Months to 5 Years
- Open a CD account today for as little as $500, $2,500 deposit required for 3 month term.
- A penalty will be imposed for withdrawals made before maturity in excess of interest earned.
- Interest is compounded daily and credited monthly (click for rates)
- If you choose interest can be transferred to another account, issued as a check or remain in the CD.
- Check online or by calling (845) 331-0073 for current specials
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Rondout Savings Bank Individual Retirement Accounts (IRA) offer a vehicle to build substantial retirement funds. IRA contributions may lower your taxable income, reducing your tax liability.
- Open an 18 month IRA Club with a minimum deposit of only $50.
- Maturities for CDs range from 3 Months to 5 Years
- A penalty will be imposed for withdrawals made before maturity in excess of interest earned.
- Interest is compounded daily and credited monthly
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Christmas Club
Prepare for the season of shopping by opening a Christmas Club today.
- Passbook account
- Withdrawals from account before October may require closure of the account
- A $10.00 fee applies to accounts closed prior to completion of the term which runs from October to the first weekend after October 3rd of the following year.
If account is closed before interest is credited for any month the accrued interest will be forfeited
- Interest is compounded daily and credited monthly
- Minimum balance to open is $1.00
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