Bank Services: Deposit Products
Your lifestyle doesn’t stay the same and your financial needs change with it. Your checking and savings plans should adapt to fit whatever stage of life you’re in. So from your first checking account to a complete financial services plan, you will find what you need at Security Bank of California.
Great for a first account. A flat monthly fee eliminates worry about maintaining minimum balances and allows you to write as many checks as you like with no per item charges.
Your best choice when you prefer to pay for checking services as you use them. Write as many checks as you like and make as many deposits as necessary to meet your personal financial needs. Maintain a minimum average daily balance in your Security Classic account, or maintain a target combined balance in all of your Security Bank accounts and you won’t pay a monthly maintenance fee or per item charge.
An account with special benefits for those who have reached the age of 65 or who need the convenience of a basic checking account. This account allows you to write a limited number of checks with a manageable monthly fee. There are no minimum balance requirements to meet.
A great way to maintain check writing flexibility and earn interest on account balances. With Security Plus checking, you’ll have unlimited check writing privileges and maintain easy access to your funds while earning interest on the account balance.
COMMUNITY PERSONAL ACCOUNT
When a long-term investment just isn’t right yet, choose this interest bearing account. Security Bank’s High Yield IMMA gives you immediate access to funds and a chance to earn a higher interest rate than a conventional savings account. Choose this account only when you need to write checks infrequently, as transactions on this account are strictly limited.**
PERSONAL MONEY MARKET ACCOUNT
Start a regular savings plan and prepare for unexpected expenses or unanticipated opportunities. A regular contribution to a savings account is a sound way to build financial security.
Set up a customized savings plan for special expenses or recurring bills. With a Security Bank customized savings account, you can have a specified amount deducted from your checking account on a regular basis and deposited into the account that may be used to pay your tax installments, save for the holidays or build a nest egg for that special vacation. Automatic deposits are easy to set up. Pay yourself first and watch your savings grow.
CONVENTIONAL SAVINGS ACCOUNT
For those who are able to invest over a longer term. A wide array of Time Certificate products makes it easy to find one that is right for you. Interest rates on time investments vary with the amount and term of your deposit.
TIME CERTIFICATES OF DEPOSIT
An individual Retirement Account or “IRA” can be a prudent investment in your future. Designed for individuals who wish to plan for a regular monthly income during retirement. Discuss the advantages of an IRA with your tax preparer or accountant to learn how it can contribute to the goals of your financial management plan.
** Refer to the Bank's Truth in Savings and Deposit Account Disclosure for specific information on rates, terms and transaction limitations.
INDIVIDUAL RETIREMENT ACCOUNT (IRA)