Minimum balance to open is $100.00 and makes a Fannin Bank savings account a great way to start saving for your future today. You can make two withdrawals each month at no charge. There is a low $3.00 Excess Check Charge per withdrawal over two each month. If your balance does not fall below $100.00 during the statement cycle you pay no service charge fee. If your balance does fall below $100.00 during the statement cycle you will pay a $2.00 Service Charge Fee. Interest is compounded and credited to your account quarterly. If you close your account before the interest is credited you will not receive the accrued interest.
Money Market Accounts
A Fannin Bank Money Market account is for those that want to earn more interest than a Now Checking can provide and still have easy access to their money. You monthly statements include check images and interest is paid monthly. Minimum balance to open is $2,000.00. If you your balance does not fall below $2,000.00 during the statement cycle you pay no service charge fee. If your balance does fall below $2,000.00 during the statement cycle you pay a $15.00 Service Charge Fee.
Transfers from Money Market account to another account or third parties by check debit card, pre-authorized, automatic or telephone transfer are limited to six per statement cycle. An excess check charge of $10.00 will be charged for each withdrawal in excess of six during a statement cycle.