Personal Savings Accounts

Personal Savings Account Details

Minimum to open: $100.
Interest is compounded and paid quarterly. The interest rate on this account is a variable rate. The interest rate and annual percentage yield (APY) for this account may change at Triad Bank's discretion.
Interest will only accrue on accounts with an average daily balance of $100.00 or more. View Current Rates.
If the account is closed prior to the accrued interest being paid, the customer will forfeit the accrued interest.
Triad Bank uses an average daily balance method to calculate interest on this account. This method applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing the figure by the number of days in the period. The period used is the actual number of days in the quarter.
Savings statements are mailed quarterly (or more frequently if you have electronic transfers).
Triad Bank reserves the right to require at least a seven (7) day notice of intent to withdraw funds.
For additional fees that are possible on this account, see our Schedule of Fees and Services.

Service Charges

Minimum Daily Balance
Maintenance Fee
$500 or above
No Charge
$499.99 and below
$2.00*
*This fee will be waived for senior citizens and minor children of our customers
Withdrawals
Fee
Six (6) withdrawals per quarter
No Charge
Over six (6) withdrawals per quarter
$2.00 each

Personal Money Market Account Details

Minimum to open: $500.
No checks are permitted with this account.
Interest is based on an average daily balance according to the following tiers: $500 – $2,499.99; $2,500 – $24,999.99; $25,000 – $99,999.99; $100,000 and above. View Current Rates.
The interest rate on this account is a variable rate. The interest rate and annual percentage yield for this account depend upon the applicable rate tier. The interest rate and annual percentage yield (APY) for these tiers may change at Triad Bank’s discretion
Interest begins to accrue on the business day the deposit is made.
Triad Bank uses an average daily balance method to calculate interest on this account. This method applies a periodic rate to the average daily balance in the account for the period. 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. The period used is the actual number of days in the month.
Interest is compounded and paid monthly to this account on an average daily balance of $500.00 or more. If the account is closed prior to the accrued interest being credited, the accrued interest will be forfeited.
Triad Bank reserves the right to require at least a seven (7) day notice of intent to withdraw funds.
For additional fees that are possible on this account, see our Schedule of Fees and Services.

Monthly Service Charges

Average Daily Balance
Maintenance Fee
$2,500 and above
No Charge
$2,499.99 and below
$7.50
Withdrawals
Fee
Each debit over 10 per statement cycle
$2.00
Each transit item over 10 per statement cycle
$0.08

Certificates of Deposit Account Details

Minimum to open: $1,000.

Interest Information

The quoted interest rate and annual percentage yield on this account assumes interest remains on deposit until maturity. Any interest withdrawal will reduce earnings.

Compounding & Crediting

Interest is accrued on this account daily and will be paid as follows:

Certificates of deposit with three (3) months or less maturity will not compound and interest will be paid at maturity.
Certificates of deposit with maturity greater than three (3) months will compound no more frequently than quarterly. Upon request, interest will be paid monthly, quarterly or at maturity by check.

Balance Computation Method

Triad Bank uses the daily balance method to calculate the interest on this account. The method applies a daily periodic rate to the principal of the account each day. View current rates.
Interest begins to accrue on the business day the deposit is made.

Transaction Limitations

Deposits may not be made to this account during the CD term (with the exception of credited interest).
Withdrawals from principal may not be made from this account without Triad Bank's consent, except on or after maturity.
For accounts that automatically renew, there is a ten (10) day grace period after each renewal date. During this time, deposits and withdrawals are permitted without penalty.

Early Withdrawal Penalty

If Triad Bank consents to a request for withdrawal that is otherwise not permitted, the customer may have to pay a penalty. The penalty will be an amount equal to:

One (1) month’s interest penalty with maturities of less than 180 days.
Three (3) months interest penalty with maturities 180 days to less than three (3) years.
Twelve (12) months interest penalty with maturities three (3) years and greater.

Renewal Policy

Certificates of Deposit are all automatically renewed.
Each renewal term will be the same as the preceding term, beginning on the maturity date.
The customer must notify Triad Bank within the ten (10) day grace period of any changes to the certificate or if the customer chooses not to renew the certificate.
The rate for each renewal term will be determined by Triad Bank on or just before the renewal date and will be paid until the next maturity date.

Funds Availability Policy

Our general policy is to allow you to withdraw funds deposited in your account on the first business day after the day we receive your deposit. Funds from electronic direct deposits will be available on the day we receive the deposit. In some cases, we may delay your ability to withdraw funds beyond the first business day. Then, the funds will generally be available by the second business day after the day of the deposit.

USA Patriot Act

Help Us Prevent Identity Fraud
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According to the Federal Trade Commission, identity theft is the fastest-growing crime in the country. Our ability to feel safe is becoming more difficult with terrorism and crime on a steady increase.
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The USA PATRIOT Act has paved the way for financial institutions to help prevent fraud, identity theft, and the spread of terrorism. It requires financial institutions to obtain more information from an individual or legal entity to help establish identity.
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Your cooperation is needed when you open a new account or request a loan. You may be asked more questions to establish and confirm your identity. It may also be required for you to provide one or more forms of identification.

Identity Theft Education

Identity theft is when someone has access to your personal information, such as your name, date of birth, and Social Security number, and uses it to commit fraud.
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Identity thieves can cost you both time and money. Recognize the signs of ID theft and take immediate action.

Unauthorized activity is detected on your bank account or on new accounts that you have on your credit report.
Unexpected calls and letters from debt collectors arrive about loans or other debts that you do not owe.
The IRS has notified you that there is a possibility that your tax return may be incorrect or that your tax return was filed under your name previously.
You are notified that your account was accessed using a device you don’t recognize.
You are charged for medical services that you did not receive.
Bank statements and bills are no longer sent by mail.
Credit is suddenly denied to you.

Anyone can become a victim of identity (ID) theft. These steps can help reduce the risk of ID theft.

1) Secure your personal data.

Don't give out personal information to anyone via email, text, or phone call.
Switch to paperless statements.
Don't put anything with your Social Security Number on it in your wallet. Only give it out when absolutely necessary.
Do not overshare on social media. Use privacy controls to ensure that your personal information isn't made public.
Talk to your children about internet safety and make sure they don't share any information online without permission.

2) Protect all of your devices.

Make sure you keep your devices up-to-date with the most recent security patches and software.
Use a password that is at least 8 characters to secure your home Wi-Fi network and devices.
When possible, enable biometrics like fingerprint sign-on, retina/facial identification.

3) You can control who can access your accounts.

For each account, create a strong password and don't reuse it on any other website.
Multifactor authentication is a great way to provide extra security when signing in to accounts.
To help you keep your accounts safe and monitor your finances, activate account alerts.
Confirm that your email address and phone number are correct in your financial accounts.

If you are a victim of ID theft, act quickly. Report identity theft and get a recovery plan at IdentityTheft.gov.
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United, we have the power to combat fraud. We believe that knowledge is the best defense against fraud. Learn more by visiting AARP Identity Theft or the Identity Theft Resource Center.

Personal Savings Accounts

Types of Personal Savings Accounts