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Resources

Beacon Community Bank is pleased to be a Member of the FDIC. Information regarding FDIC insurance may be obtained directly from the FDIC at these links. For Deposit Insurance information click here. To visit the FDIC website click here.
 

Disclosures 

Business Interest Checking 
 

 You must deposit $100 to open this account.  A Service Charge of $15 will be imposed every statement cycle if the average daily balance for the statement cycle falls below $2500.  The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.  We use the daily balance method to calculate interest on your account.  This method applies a daily periodic rate to the principal in the account each day.  Interest is compounded and credited monthly.  Interest begins to accrue on the business day you deposit non-cash items.   Additional fees may apply.  



Business Savings Account
 
You must deposit $50 to open this account.  A Service Charge of $5 will be imposed every statement cycle if the average daily balance for the statement cycle falls below $200.  The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.  We use the daily balance method to calculate interest on your account.  This method applies a daily periodic rate to the principal in the account each day.  Interest is compounded and credited quarterly.  Interest begins to accrue on the business day you deposit non-cash items.   Additional fees may apply.  



Personal Interest Checking


You must deposit $100 to open this account.  A Service Charge of $15 will be imposed every statement cycle if the average daily balance for the statement cycle falls below $2500.  The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.  We use the daily balance method to calculate interest on your account.  This method applies a daily periodic rate to the principal in the account each day.  Interest is compounded and credited monthly.  Interest begins to accrue on the business day you deposit non-cash items.   Additional fees may apply.  



Personal Savings Account


You must deposit $50 to open this account.  A Service Charge of $5 will be imposed every statement cycle if the average daily balance for the statement cycle falls below $200.  The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.  We use the daily balance method to calculate interest on your account.  This method applies a daily periodic rate to the principal in the account each day.  Interest is compounded and credited quarterly.  Interest begins to accrue on the business day you deposit non-cash items.   Additional fees may apply.  


 
 
Business Money Market 


 You must deposit $250 to open this account.  A Service Charge of $10 will be imposed every statement cycle if the average daily balance for the statement cycle falls below $2500.  The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.  We use the daily balance method to calculate interest on your account.  This method applies a daily periodic rate to the principal in the account each day.  Interest is compounded and credited monthly.  Interest begins to accrue on the business day you deposit non-cash items.   Additional fees may apply.  

 

Certificates of Deposit 

 

*The Annual Percentage Yield (APY) for the CD terms mentioned above is valid as of 10/01/2020. A minimum balance of $250.00 is required to open this account. Interest will be compounded and credited annually for terms equal to and greater than one year. Interest will be compounded and credited at maturity for CD terms less than 12 months. The APY assumes interest will remain on deposit until maturity. A withdrawal could reduce earnings on this account. A penalty of 6 months interest on the amount withdrawn may be imposed for early withdrawals for terms 12 months and under. A penalty of 12 months interest on the amount withdrawn may be imposed for early withdrawals for terms greater than 12 months. Rates are subject to change without notice.