Personal Savings, CDs & IRAs

Regular Savings*

Service Features

  • $100 minimum opening deposit
  • $100 minimum balance to earn interest
  • $12 quarterly maintenance fee
  • Six free withdrawals per quarter
  • $3 withdrawal fee for each withdrawal over 6 during the calendar quarter
  • Interest is compounded daily and credited quarterly to the account
  • Account can be used for collateral for a loan
  • Balance options to avoid the quarterly maintenance fee:
    • $300 minimum daily balance, OR
    • Have a Direct Deposit of Social Security, Pension, VA Benefits or payroll to the savings account, OR
    • Are a non-profit organization

This account is tiered as follows:

$100.00 to $9,999.99
$10,000.00 to $49,999.99
$50,000.00 to $99,999.99
$100,000.00 to $499,999.99
$500,000.00 and over

* Transfers from a Regular Savings or Student/Youth Savings account to another account or to third parties by preauthorized, automatic, computer, telephone transfer, draft or debit card are limited to six per calendar month. Transactions at a teller window or ATM are unlimited and do not count toward the 6 third party transfers for purposes of Regulation D.

Return to top

Student/Youth Savings*

We have a special savings plan for full-time students and savers under the age of 18. Interest is paid at the same rate as Regular Savings.

Service Features

  • $25 minimum opening deposit
  • $10 minimum balance to earn interest
  • No quarterly maintenance fee
  • Six free withdrawals per quarter
  • $3 withdrawal fee for each withdrawal over 6 during the calendar quarter
  • Interest is compounded daily and credited quarterly to the account

This account is tiered as follows:

$10.00 to $9,999.99
$10,000.00 to $49,999.99
$50,000.00 to $99,999.99
$100,000.00 to $499,999.99
$500,000.00 and over

* Transfers from a Regular Savings or Student/Youth Savings account to another account or to third parties by preauthorized, automatic, computer, telephone transfer, draft or debit card are limited to six per calendar month. Transactions at a teller window or ATM are unlimited and do not count toward the 6 third party transfers for purposes of Regulation D.

Return to top

Christmas Club

A Christmas Club Account is the most convenient way to set aside money for Christmas.  It's also a great way to save for property taxes, tuition, a winter vacation or any purpose that is due for payment near the end of the year.  

Service Features

  • $25 minimum opening deposit
  • $25 minimum balance to earn interest
  • No maintenance fee
  • $20 monthly minimum deposit
  • Deposits must be automatically transferred from another Four Oaks Bank account each month

Open your Christmas Club Account between November 15th and March 31st.  In mid-November we will send you a check for the balance in your account. 

Return to top

Money Market Savings*

Service Features

  • $1,000 minimum opening deposit
  • $10 monthly maintenance fee
  • $10 excess transaction fee*
  • Interest is compounded daily and credited monthly to the account
  • Maintain a minimum balance of $1,000 to avoid the monthly maintenance fee

This account is tiered as follows:

$.01 to $999,99
$1,000.00 to $9,999.99
$10,000.00 to 24,999.99
$25,000.00 to $49,999.99
$50,000.00 and over

* According to Regulation D, transfers from a Money Market Savings or Super Money Market Savings account to another account or to third parties by preauthorized, automatic, computer, telephone transfer, check, draft or similar order are limited to six per monthly statement cycle. Transactions at a teller window or ATM are unlimited and do not count toward the 6 third party transfers for purposes of Regulation D. Excess transaction fees apply and are disclosed under each product type.

Return to top

Super Money Market Savings

Service Features

  • $100,000 minimum opening deposit
  • $25 monthly maintenance fee
  • $10 excess transaction fee*
  • Interest is compounded daily and credited monthly to the account
  • Maintain a minimum balance of $25,000 to avoid the monthly maintenance fee

This account is tiered as follows:

$.01 to $99,999.99
$100,000.00 to $249,999.99
$250,000.00 to $499,999.99
$500,000.00 and over

* According to Regulation D, transfers from a Money Market Savings or Super Money Market Savings account to another account or to third parties by preauthorized, automatic, computer, telephone transfer, check, draft or similar order are limited to six per monthly statement cycle. Transactions at a teller window or ATM are unlimited and do not count toward the 6 third party transfers for purposes of Regulation D. Excess transaction fees apply and are disclosed under each product type.

Return to top

Certificates of Deposit

Whatever your savings goal or purpose, CDs are an ideal way to save for the future. Certificates of Deposit (CDs) are time deposit accounts with a selection of terms ranging from 8 days to 60 months, and Four Oaks Bank pays a competitive rate of interest on CDs. Interest rates are tiered, so the more money you deposit and the longer the term, the higher the rate of interest.

Service Features

  • $500 minimum opening deposit
  • Rates are tiered at $500, $25,000 and $50,000
  • Choose from terms that range from 8 days to 60 months. One is sure to fit your long-range savings plan
  • Insured by the FDIC and backed by the safety and soundness of Four Oaks Bank
  • Account can be used as collateral for a loan

Note: Substantial penalty for early withdrawal.

Return to top

Individual Retirement Accounts

A tax sheltered retirement plan available to individuals with earned income. Individual Retirement Accounts (IRAs) offer the same fixed rate deposit options as our certificates of deposit with a selection of terms ranging from 8 days to 60 months, or an eighteen month variable rate option. Four Oaks Bank pays a competitive rate of interest on IRAs. Interest rates are tiered, so the more money you deposit and the longer the term, the faster your earnings grow.

Service Benefits

  • $500 minimum opening deposit
  • Rates are tiered at $500, $25,000 and $50,000
  • Choose from fixed rate time deposit options with terms that range from 8 days to 60 months or our 18 month variable rate
  • You can set up automatic transfers into our 18 month variable rate IRA for as little as $25 each month
  • Insured by the FDIC and backed by the safety and soundness of Four Oaks Bank

NOTE: Potential for substantial bank and/or IRS penalty for early withdrawal. Consult your tax advisor for deductibility.

Return to top