Deposits

Open a Deposit With First National Bank of Ava

First National offers a variety of deposit accounts. All accounts are eligible for online banking and the mobile app. Checking account products are also eligible for bill pay and mobile deposit (subject to approval and limits). Terms and conditions subject to change; please contact a customer service representative for further details. (618) 426-3303.

Checking Accounts

Freedom

• Minimum Balance Requirements: No Minimum Balance Requirement ($100 to Open)

• Interest: None

• Service Fee: No Monthly Service Fee

• Check Writing: Unlimited Check Writing

• Per Check Service Fee: No Per Check Service Fee

• Check ordering Discounts: None

• Monthly Statements: Detailed Monthly Statements

• Debit Card: 1st Ava Debit Card has a replacement fee of $15.00

• Notary Services Available

Prestige (55 & Older)

• Minimum Balance Requirements: No Minimum Balance Requirement ($100 to Open)

• Interest: Interest Earned if Balance is $500 or above

• Service Fee: No Monthly Service Fee

• Check Writing: Unlimited Check Writing

• Per Check Service Fee: No Per Check Service Fee

• Check ordering Discounts: Prestige Checks (Other Styles Available at 10% Discount)

• Monthly Statements: Detailed Monthly Statements

• Debit Card: 1st Ava Debit Card has a replacement fee of $15.00

• Notary Services Available

Regular Now

• Minimum Balance Requirements: $500 Minimum Daily Balance Required ($500 to Open)

• Interest: Yes

• Service Fee: $10 Monthly Service Fee if Daily Balance Falls below $500

• Check Writing: Unlimited Check Writing

• Per Check Service Fee: No Per Check Service Fee

• Check ordering Discounts: None

• Monthly Statements: Detailed Monthly Statements

• Debit Card: 1st Ava Debit Card has a replacement fee of $15.00

• Notary Services Available

Money Market

• Minimum Balance Requirements: $2500 Minimum Daily Balance Required ($2500 to Open)

• Interest: Tiered Interest Rate Account-The More You Save, The More You Earn

• Service Fee: $10 Monthly Service Fee if Daily Balance falls below $2500, and $5 For Every Transfer Over 3 Per Monthly Statement Cycle  

• Check Writing: Unlimited Withdrawals and Transfers In Person, by Mail, or at an ATM

• Per Check Service Fee: $5 for every 3rd Party Check Over 3 Per Monthly Statement Cycle

• Check ordering Discounts: None

• Monthly Statements: Detailed Monthly Statements

• Debit Card: 1st Ava Debit Card has a replacement fee of $15.00

• Notary Services Available

Business

• Minimum Balance Requirements: $300 Minimum Average Balance Required ($100 to Open)

• Interest: None

• Service Fee: $5 Monthly Service Fee if Average Balance Falls Below $300 

• Check Writing: Unlimited Check Writing

• Per Check Service Fee: No Per Check Service Fee

• Check ordering Discounts: None

• Monthly Statements: Detailed Monthly Statements

• Debit Card: 1st Ava Debit Card has a replacement fee of $15.00

• Notary Services Available

Savings Accounts

Regular

• Minimum Balance Requirements: $100 Minimum Balance Requirement ($100 to Open)

• Interest: Daily Balance Method Compounded and Credited to Account Quarterly

• Service Fee: $3 Monthly Fee if Daily Balance Falls Below $100 (Does not apply to Customers age 62 and Over)

• Withdrawal Limits: 6 Transfers from your Account per Month if by Preauthorized or Automatic Transfer, or Telephone Agreement, Order or Instruction or by Check, Draft, Debit Card or Similar Order Made by the Depositor and Payable to Third Parties. $3 Fee per each Withdrawal or Transfer over 6 per Monthly Cycle

Student (Birth-College)

• Minimum Balance Requirements: $100 Minimum Balance Requirement ($100 to Open)

• Interest: Daily Balance Method Compounded and Credited to Account Quarterly

• Service Fee: No Fee if Daily Account Balance Falls Below $100

• Withdrawal Limits: 6 Transfers from your Account per Month if by Preauthorized or Automatic Transfer, or Telephone Agreement, Order or Instruction or by Check, Draft, Debit Card or Similar Order Made by the Depositor and Payable to Third Parties. $3 Fee per each Withdrawal or Transfer over 6 per Monthly Cycle

Christmas Club

• Minimum Balance Requirements: $2 Minimum Balance Requirement ($2 to Open)

• Interest: Daily Balance Method Compounded Annually and Credited to Account at Maturity

• Service Fee: $35 fee if closed before Maturity date. No Interest paid and Account will be Closed

• Withdrawal Limits: No Withdrawals $35 fee if closed before Maturity date No Interest paid and Account will be Closed

Certificates of Deposit

Rates are current as of today’s date.

Disclaimer: A penalty may be imposed for early withdrawal.  Interest calculated on the amount of principal each day.

Individual Retirement Accounts

First National Bank of Ava offers both traditional and Roth IRA accounts. These accounts are 18 month terms, automatically renewable, with an interest rate based on our 30 month Certificate of Deposit. Interest is compounded quarterly and credited to the account quarterly. For more information on IRAs please call (618) 426-3303.