Savings

Statement Savings

Our savings accounts are convenient places to store your extra funds when you don’t need them or when you are saving for something specific. You will receive a monthly statement, showing all transactions, and you can keep track of your balance with a special register similar to the one you use for your checking account. You may access the funds in your account with our ATM card, which can be used at most ATMs worldwide. If anchored to a checking account, it can also be accessed with our NBDC Mastermoney Debit Card.
 
Minimum balance to open is $50.00. The account is subject to some limitations on the frequency of transactions. You must maintain a balance of $25 in order to avoid a $2.00 low balance fee; and accounts that have no activity for over one year are subject to a monthly fee of $2.00.
 
Interest is compounded and paid to your account each calendar quarter. The rate may change at the discretion of the bank. For the current rate and yield, please refer to the Deposit Rates page.

Cool Cat Club

The Cool Cat Club is a junior savings account that is in your child’s own name or with the parent as custodian. There is 

no minimum amount to  open, and the account operates just like the standard Statement Savings Account. Children are provided with Cool Cat Quarter Coin folders and/or piggy banks to use in their savings plan, and there is a treasure chest of prizes to pick from, each time that the child deposits $25. Deposit Rates.

Club Accounts

Christmas Club – Start saving now for holiday expenses by make regular deposits to an NBDC Christmas Club. There are two deposit options: automatic deductions from your NBDC checking account or a coupon book. You may choose a weekly denomination of as little as $2.00. In October, a check will be mailed to you for the balance, plus accrued interest. If you choose to withdraw from the club before maturity, there will be a penalty of $3.00. If you close the club before maturity, there is a loss of all interest accrued, plus the $3.00 fee. Deposit Rates

All Purpose Clubs – Plan ahead and start saving for those municipal and school taxes; education ; or that much-needed vacation. Start your interest-bearing club with as little as $2.00 weekly. At your option, checks may be generated in January, June or September to coincide with your plans. There are two deposit options: automatic deductions from your NBDC checking account or a coupon book. Penalties for early withdrawal/closure are the same as above. See Deposit Rates