The Bath State Bank

Passbook Savings

Rate Information: This account is an interest bearing account. The interest rate and annual percentage yield are disclosed on the BSB Rate Chart. At our discretion, we may change the interest rate and annual percentage yield. Interest begins to accrue on the business day you make a deposit if received by 2 p.m. Interest will compound monthly. Interest will be credited to the account monthly.
Balance Information: We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day.
Limitations: A deposit of $5 is required to open this account. A $5 minimum balance is required to maintain the account. If you fail to maintain the minimum balance, we reserve the right to close the account or transfer the funds to an existing account. You may make twelve withdrawals per quarter. The limit does not include preauthorized transfers, ATM transactions or Bank-Easy transfers.
Account Fees: No service charge for a minimum balance will be assessed. A $.50 fee will be assessed for each withdrawal exceeding the limit.

Kids Club Savings

A deposit of $5 is required to open this account, and a $5 minimum balance is required to maintain the account. This account is an interest bearing account. All other regulations follow Bath State Bank Passbook Savings.

The savings club for children age 14 and younger is designed to help them learn how to save money and have fun at the same time. Members receive a Kids Club membership card, semi-annual newsletter with games and tips for saving and a special birthday card.

Certificates of Deposit (CD)

Rate Information: This account is an interest bearing account. The interest rate and annual percentage yield are disclosed on the BSB Rate Chart. The interest rate and annual percentage yield will not change, and will be in effect until this account matures. The annual percentage yield assumes the interest will be compounded to the certificate balance. A withdraw will reduce the earnings. Interest begins to accrue on the business day you make a deposit. Interest will be credited at a frequency agreed to at account opening. Interest will compound daily. Interest will cease upon maturity.
Balance Information: We use the daily method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day.
Limitations: You must deposit $500 to open a CD. IRAs can be opened with a minimum of $50. Additional deposits are permitted only on IRA accounts. Withdrawals before maturity date are permitted only to IRA account holders who have reached retirement age.
Time Account Information: Your account will mature in the length of time selected at account opening. If you withdraw any of the principal before maturity date we may impose the following penalties: For time deposits with an original scheduled maturity of 7-31 days the penalty is all interest earned since the last issue date. For time deposits with an original scheduled maturity of more than 31 days but no longer than one year, the penalty is three months’ interest on the amount withdrawn. For time deposits with an original scheduled maturity of more than one year, the penalty is six months’ interest on the amount withdrawn. Penalties will be waived for IRA account holders who have reached retirement age.
Renewal Policy: Upon maturity, your account will automatically be renewed for the same term at the interest rate that is in effect on the maturity date. You will be granted a grace period of 10 calendar days after maturity to redeem or make changes to your account.

Health Savings Account

A Health Savings Account (HSA) is an account that you can put money into to save for future medical expenses. There are certain advantages to putting money in these accounts, including favorable tax treatment. This account is an interest bearing account.
Rate Information: This account is an interest bearing account. The interest rate and annual percentage yield are disclosed on the BSB Rate Chart. At our discretion, we may change the interest rate and annual percentage yield. Interest begins to accrue on the business day you make a deposit if received by 2 p.m. Interest will compound monthly. Interest will be credited to the account monthly.
Balance Information: We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day.
Limitations: No minimum deposit required to open this account.
Account Fees: No service charge for a minimum balance will be assessed.

Market Max CD Program

If you have a minimum of $150,000 in household deposits at Bath State Bank, and you want to obtain a $10,000 or larger CD, please see our Market Max CD Program information and Rate card. A penalty may apply for early withdrawal of all certificates of deposit.

Savings Bond

With as little as $25 you can start saving money with U.S. Savings Bonds. From there, you can purchase as much as $15,000 worth of Series EE Bonds and $30,000 of I Bonds each year. U.S. Savings Bonds are a safe, easy way to save money and add a solid addition to your investment portfolio. More than 55 million people are taking advantage of Savings Bonds' competitive rates. Whether you select Treasury's I Bond or the Series EE Bond, your money will grow and remain safe in the future. For details about the Treasury's I Bond or the Series EE Bond, please click here.