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PERSONAL BANKING
Timberwood Bank offers a variety of checking accounts, with perks! We also offer Bill Pay, for quick and easy payment processing, Online Banking, to view and manage your accounts online, and Telephone Banking, to hear your balances and transactions and to transfer funds when you are on the go.
CHECKING APPLY ONLINE!
Timberwood Bank believes that you deserve to have the best. Because of this, we offer three different types of checking accounts. Compare the accounts below to determine which account is the best fit for you!
EMBARK
Beginning your journey...
- Free Direct Deposit
- No per check charges
- Unlimited check writing and debit card use
- First box of checks free with order
- Reorder checks online
- No Charge Timberwood Bank Debit Card
- Free On-line Banking
- Free On-line Bill Pay for first 3 months, then $3.00 per month
Qualifications:
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$50.00 opens your account
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No monthly service charge or minimum balance requirement with direct deposit into this account
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If no direct deposit, the minimum balance to avoid $3.00 monthly service charge:
$300 average monthly OR
$1500 minimum daily in qualified combined deposit OR
$5000 minimum daily in quailified combined loan accounts
ADVENTURE
Working towards your dreams...
- No per check charges
- Unlimited check writing and debit card use
- First box of Club Timberwood checks free with order
- Reorder checks online
- Timberwood Bank No Charge Debit Card
- Free On-line Banking
- Free Direct Deposit
- Free On-line Bill Pay for first three months, then $3.00 per month
- One $12.00 credit towards your initial safe deposit box lease with Timberwood Bank
- Complimentary Services (copies, faxes, notary, money orders and cashiers checks)
- Membership in CLUB TIMBERWOOD
Travel & entertainment discounts
Restaurant & retail discounts
Exclusive rate & product specials
QUALIFICATIONS:
$500 average monthly OR
$2500 minimum qualified combined deposit accounts OR
$20000 minimum daily in qualified combined loan accounts
EXPLORE
Enjoying your best years...
- Competitive interest rate
- Free Club Timberwood Checks for the life of the account
- Reorder checks online
- Unlimited check writing and debit card use
- Free Timberwood Bank debit card
- Free Direct Deposit
- Timberwood Bank On-line Banking
- Timberwood Bank Online Bill Pay-Plus for the life of the account ($36.00 annual value)
- Free single signature traveler's checks
- One-year lease on a 3x5 safe deposit box
- Complimentary Services (copies, faxes, notary, money orders and cashiers checks)
- Membership in CLUB TIMBERWOOD
Travel & entertainment discounts
Restaurant & retail discounts
Exclusive rate & product specials
QUALIFICATIONS:
$1000 average monthly OR
$5000 minimum qualified combined deposit accounts OR
$50000 minimum daily in qualified combined loan accounts
MONEY MARKET
For those of you who are interested in a little higher return on your deposits and plan to have fewer transactions, the Money Market account will be just right for you.
- $6.00 monthly service charge for balances less than $2500
- No minimum balance
- Becomes interest bearing at a balance of $2500 and is a tiered rate structure
- Three checks and three pre-authorized debits per month
- $5 excess debit fee
- FREE checks
- Reorder checks online
- Free On-line Banking
SAVINGS APPLY ONLINE!
You don’t need a lot of money to open a Timberwood Bank savings account, and if you make regular deposits you’ll be amazed at how quickly your money grows.
A personal savings account is the perfect way to set aside money for a special purpose like buying a car or home appliances. Or use it to accumulate funds for a higher-yield money market account or certificate of deposit. This account is also a great way to start children out on the right financial foot.
GROWTH SAVINGS
A Timberwood Bank Growth Savings Account is a good way for anyone to start a savings program.
LITTLE SAPLING MINOR SAVINGS
It’s never too early to start teaching children the importance of saving money. Timberwood Bank makes it easy with a savings account just for children (under the age 18) with no minimum balance and no monthly service charges.
- $25 to open
- Interest bearing
- No minimum balance required
- No monthly service charge
- Primary owner must be under the age of 18.
- If balance falls below $25, account becomes non-interest bearing
HOLIDAY SAVINGS
A Timberwood Bank Holiday Savings account is a good way to save specifically for expenses around the holiday season. It offers an affordable savings method to anyone who wants to systematically save a small to moderate amount of money.
FREEDOM SAVINGS
Timberwood Bank's Freedom Savings is designed to help you build your savings account while being paid interest as you save. As you build your savings, your rate will increase. Please call a Personal Banker for current rates
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$500.00 opens your account
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$5.00 monthly service charge waived when you maintain a minimum daily balance of $1000.00
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Requires a minimum of one automatic transfer from a Timberwood Bank checking of $25.00 or more per month
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Free ATM Card
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Custom deposit and withdrawal tickets at no charge
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Free telephone banking
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Free Online Banking
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Free Direct Deposit
HEALTH SAVINGS ACCOUNTS APPLY ONLINE!
Health Savings Accounts are designed for people with high deductible health insurance policies. Contributions can be made by an individual or an employer.
- The HSA is owned by individuals, not employers, therefore employers cannot restrict what the deductions from an HSA are used for.
- Individuals have the freedom to decide what qualified medical deductions to make, where the HSA will be held, and what contributions to make.
- Deductions can be made for qualified medical expenses for the individual account holder, spouse or dependent of the account holder.
- Deductions are tax free if made for qualified medical expenses.
For more information on contributions, qualified medical expenses and high deductible insurance policies, visit www.treas.gov and go to Health Savings Accounts.
CERTIFICATES OF DEPOSIT APPLY ONLINE!
A Certificate of Deposit is a safe, flexible account. Your return will be your original deposit, plus the interest you earn. The interest paid to you depends on the interest rate and the length of time you agree to leave your money on deposit.
- $2500 minimum deposit to open account
- Maturity terms available from 3 months to 5 years
- Fixed interest rate on daily balance until maturity.
- You choose how you want to receive your interest payments. Interest may accumulate in the CD, or we can automatically deposit it to a Timberwood Bank checking, savings or money market account quarterly.
- Additional deposits are not allowed until maturity. Check writing is not allowed.
- CD information appears on your Timberwood Bank combined statement. Maturity notices are mailed prior to maturity date.
- Early withdrawal penalties apply:
- 1 month to 5 months forfeit 3 months interest
- 6 months forfeit 6 months interest
- 7 months to 12 months forfeit 3 months interest
- 12 months to 23 months forfeit 3 months interest
- 24 months to 35 months forfeit 6 months interest
- 36 months or greater forfeit 12 months interest
INDIVIDUAL RETIREMENT ACCOUNTS APPLY ONLINE!
A Timberwood Bank Individual Retirement Account (IRA) is a tax-deferred savings plan with a wide range of maturities.
View Current Rates
- $1000 minimum deposit to open certificate of deposit IRA account
- Maturity terms available from 1 year to 5 years
- Annual statements
- Standard CD early withdrawal penalties apply
*Customers should consult their tax advisor concerning deductibility of deposits
LENDING SERVICES
Timberwood Bank makes it easy and convenient to borrow for any purpose. We offer a complete range of loan products while delivering friendly, professional customer service. Local loan decisions means prompt friendly service.
CONSUMER LOAN
Timberwood Bank consumer loans are available at terms you can manage. Whether you are remodeling your home, buying a car or consolidating debt, our lenders can help.
VEHICLE LOAN
Timberwood Bank offers loans specifically for the purchase of new and used cars, trucks, boats, trailers, motorcycles and other recreational vehicles.
HOME EQUITY LOAN
Set it up once; use it over and over. A Timberwood Bank home equity loan is perfect for financing everything from a college education to your dream vacation. Home Equity loans are variable rates. Consult your tax advisor regarding deductibility of interest.
MORTGAGE LOAN
Timberwood Bank provides financing for personal residence, vacation home or income units. Timberwood Bank offers a variety of rates and terms according to your needs.
CONSTRUCTION LOAN
You handle the building plans; we handle the financial plans. Construction loans are short term, fixed rate loans.
TIMBERWOOD BANK CREDIT CARD
Get all of the advantages of a VISA credit card through Timberwood Bank’s VISA program. You can expect excellent rates and fair terms.
Timberwood Bank is an equal housing lender. Different rates and fees apply to each product with full disclosures given at the time of application. Credit services are subject to approval.
OTHER SERVICES
Community Event Announcement
Do you have a community event coming up? Timberwood Bank is happy to share our outdoor display sign to help spread the word. Just complete the Community Event Application and return to Timberwood Bank. Each application is subject to approval by Timberwood Bank.
Telephone Banking
Timberwood Bank's 24-hour telephone banking service is available free to all our customers. Make transfers, find account balances, and see which checks have cleared your account all from the touch of a button.
1-877-358-6552
Bill Pay Services
Tired of writing out several checks every month? With Timberwood Bank's Bill Pay service, paying your bills just got easier. All it takes is a few clicks of your mouse to pay all of your bills, reducing the amount of paperwork you have and saving you time and money.
ATM and Debit Cards
For added convenience, Timberwood Bank provides you with a debit or ATM card with your checking or savings account to allow you 24-hour access to your money. Click here for surcharge free ATM locations.
IF YOUR DEBIT CARD BECOMES LOST OR STOLEN, CONTACT TIMBERWOOD BANK IMMEDIATELY OR CALL 1-800-554-8969
Credit Cards
Get all of the advantages of a VISA credit card through Timberwood Bank's VISA program. You can expect excellent rates and fair terms. Stop in and apply today!
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