Personal Checking - Our personal checking account is not complicated, not confusing and not expensive. The account has no minimum balance requirements, there is no per check or per deposit charges, and the account can be combined with a cash reserve for overdraft protection, and ATM card services.
Personal Basic Banking - This account, legislated by New York State, offers an account to New York State Residents that can be opened with only $25.00. There is no minimum balance requirement, there is no per check or per deposit charge and the account can be combined with an ATM/debit card for 24 hour banking. A low monthly maintenance charge of $3.00 is assessed.
60 Plus Checking - This account is specifically designed for our customers 60 years of age and older. It requires NO minimum balance, has NO per check charges, has NO per deposit charges, features a monthly statement, all at NO cost.
NOW Account - This account pays a competitive rate of interest, features a monthly statement with NO per check or per deposit fees. Monthly maintenance charges can be avoided by maintaining a low minimum balance of $400.
NOWPlus Account - NOWPlus customers can have convenience of Bill Pay, NetTeller and a Visa Check card at no cost. In addition, NOWPlus customers earn interest with no monthly service charges when a daily balance of $500 is maintained.
MMDA - This account pays a competitive rate of interest, features a monthly statement with NO per check or per deposit fees. Monthly maintenance charges can be avoided by maintaining a low minimum balance of $1,500. The normal Money Market Deposit Account transaction restrictions apply.
Passbook Accounts - Earn day of deposit- day of withdrawal interest at a competitive interest rate. Our passbook accounts are maintenance charge free, require only a minimum $25 balance to earn interest, and feature the use of a passbook for account record keeping.
Statement Savings Account - Earn day of deposit- day of withdrawal interest at a competitive interest rate. Our statement savings accounts are maintenance charge free, require only a minimum $25 balance to earn interest, and feature periodic statements.
Statement Savings Account customers may authorize the Bank of Richmondville to make transfers in whole dollar amounts, from their statement savings account to their checking account, when necessary, to cover overdrafts to their account. The fee assessed per entry for this service is $3.00 per transfer.
Christmas Clubs - Our Christmas Club customers know the fun of putting holiday presents under the tree without putting a strain on the family budget. Clubs, starting at $5.00 per week, begin in October with checks mailed to customers in late September.
A variety of attractive certificates of deposit are offered. These certificate of deposit accounts are available as auto renewing or non-auto renewing and can be opened with as little as $500.00. Rates of interest are competitive and terms of certificates can be as little as one month. Interest can be paid to you monthly by check, deposited to another designated account or simply added to your certificate.
Rates are subject to change weekly, so please contact one of our friendly customer service representatives for our current rates.
Good planning now can make your retirement years more enjoyable.
Traditional & Roth - The Bank of Richmondville offers both Traditional and Roth IRAs for your retirement planning needs. Your tax advisor will best determine which IRA meets your needs. Your IRA, in the form of an auto renewing certificate of deposit account, can be opened with as little as $500.00. Rates of interest are competitive and terms of certificates can be chosen to suit your needs.
Let us help assure your financial security into your retirement years.
Education - The Education IRA was created for the purpose of paying for the future cost of a child's college education. Education IRAs permit total after-tax contributions of $500.00 per year for each child until they reach the age of 18.
Please feel free to contact one of our customer service representatives for assistance.
When you need financing, we’ll help you find the right loan.
Cash Reserve Overdraft Checking - The Bank offers a line of credit working in conjunction with your checking account or NOW account, giving you overdraft protection and direct access to the maximum loan amount.
Auto Loans - We can finance a new or used automobile at attractive terms and competitive interest rates. Your automobile loan can be pre-approved in just 24 hours, giving you the flexibility of shopping for the automobile that fits your needs, and the ability to make the best deal without the hassles of dealership financing.
Secured Personal Loans - We can finance the purchase of your recreational vehicle, snowmobile, camper, or boat all with competitive interest rates. Also, we can secure any loan with your passbook savings account or certificate of deposit.
Things to keep
in mind when shopping for a personal, installment loan:
For further information regarding loan accounts, please contact a loan department customer service representatives.
Due to a change in regulations requiring all financial institutions to improve security measures, the Bank of Richmondville will request information (ie. photo ID) from you to verify your identity prior to opening any type of account. We sincerely apologize for any inconvenience this may cause but trust you understand the need for such measures. Thank you for your cooperation in this regard.
USA Patriot Act
Important Disclosures Regarding the New FDIC Insurance Rules