Essex Savings Bank Savings

Essex Saving Bank believes that saving regularly is a fundamental factor in achieving financial independence. We offer a variety of plans to make saving easy and rewarding. You can choose from passbook, statement savings, money market accounts, certificates of deposit and Individual Retirement Accounts. You can rest assured of steady growth with the security of FDIC Insurance and ready access to your funds.

These accounts can be opened in the name of an individual, jointly, as a custodial account or trust, as well as for organizations and estates. Depending upon your initial deposit and needs for liquidity, or stated purpose, your customer service representative can guide you to the account that can give you the greatest yield.

NOTE: For specific conditions and charges on our accounts, consult our Account Information and Schedule of Interest and Charges, and our Deposit Account Agreement and Electronic Funds Transfer Disclosure, or talk with a Customer Service Representative at any of our offices.

PASSBOOK ACCOUNTS

The classic way to save, for those customers who prefer to maintain a passbook and choose not to use electronic transactions. Interest is earned from day of deposit to day of withdrawal, and paid monthly. You have easy access to your funds and all activity must be recorded in your passbook. ATM cards are not available with a passbook account.

STATEMENT SAVINGS

This account provides you with a monthly statement to track all your deposits, withdrawals, interest earned and the balance in your account. Interest earned is deposited to your account as described in the Schedule of Interest and Charges. You may also use your ATM Card to access your account from ATMs all over the globe bearing the NYCE or Cirrus signs.

HOLIDAY CLUB ACCOUNTS

Having money for the holidays will not add to your debt load with regular deposits. A check is received at maturity in October.

CLIPPER SHIP ACCOUNTS

The more you save, the more you earn. With a Clipper Ship Account, your interest increases with your balance. You can deposit to or withdraw from your account at anytime. This account can be either a passbook or statement account.

Tier	Daily Balance

1	$0-$9,999
2	$10,000-$24,999
3	$25,000-$49,999.99
4	$50,000+

CERTIFICATES OF DEPOSIT

As an integral part of a balanced portfolio, Certificates of Deposit are the ideal way to save for a specific goal, be it a new car, down payment on a house or a child’s education. You select the term so that the funds are available when you need them and because there’s a guaranteed rate of return, you know exactly how much your Certificate will be worth at maturity. Your principal is FDIC-insured up to at least $100,000 per individual owner. Ask us to show you ways to increase your insurance coverage with different ownership options. A substantial penalty for early withdrawal may apply. You may choose a Certificate of Deposit that matures between 3 months and seven years to match your investment goals or your market beliefs. Interest is earned from day of deposit to day of withdrawal and can be left on deposit to compound, deposit to another account or receive a check.

RETIREMENT ACCOUNTS

Essex Savings Bank provides a variety of tax-deferred retirement savings plans for individuals, proprietorships and businesses of all sizes. Included are Individual Retirement Accounts (IRA), and the following qualified plans: Simplified Employee Pension Plans (SEP) Simple Money Purchase and Profit Sharing (formerly known as Keogh and Corporate Plans). Our retirement plan specialists can help you design a plan that meets your objectives, and review current plans for performance and cost comparisons.

See Essex Financial Services, Inc. for 401k plans and other alternatives.

Call us or visit our branches for details on all of our Checking Products.
Essex Savings Bank offers a wide variety of personal account products. Visit one of our conveniently located offices and we're sure you'll find an account that's just for you.

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