The Old Point National Bank - Personal Account Services

Savings Accounts

Old Point National Bank is committed to helping consumers meet the savings challenge with accounts to fit their lifestyles as well as their dreams. We have made saving money easier and more convenient with these flexible FDIC-insured savings and investment options.

Statement Savings

Statement Savings
Minimum Opening Deposit: $10.00
0.25%Annual Percentage Yield**

Whether you are savings for something you need or something you want, our Statement Savings account is the ideal way to save for almost anything. Statement Savings Accounts require a $10.00 minimum balance to open. There is a $1.00 charge for each withdrawal in excess of 2 per calendar month and a $2.00 charge for a monthly account balance less than $200.

Combined Statement Savings

Combined Statement Savings
Minimum Opening Deposit: $10.00
0.25%Annual Percentage Yield**

With Old Point’s New Combined Statement Savings account saving is easier than ever. When you open one of our 8 Checking Accounts, a Statement Savings Account and combine your monthly statements, there is no minimum balance requirement for the savings account. Save as much or as little as you want and watch your savings grow with a combined monthly statement. Combined Statement Savings Accounts require a $10.00 minimum balance to open. There is a $1.00 charge for each withdrawal in excess of 2 per calendar month.

Premium Money Market

Premium Money Market Savings
Minimum Opening Deposit: $2,500.00
Daily Balance Tier	Annual Percentage Yield**
Up to $24,999.00	0.25%Annual Percentage Yield
$25,000.00 to $99,999.99	1.00%Annual Percentage Yield
$100,000.00 to $499,999.99	1.35%Annual Percentage Yield
$500,000.00 to $999,999.99	2.00%Annual Percentage Yield
$1,000,000.00 and up	2.05%Annual Percentage Yield

This account is a tiered-rate account that offers even higher rates for higher balances. It is easier than ever to access your money through checks, ATM, phone, or in-person withdrawals. The Premium Money Market Account requires a minimum opening deposit of $2500. If the average daily balance falls below $25,000 there will be a $10.00 monthly service fee. Withdrawals are limited. Excess withdrawals made will have a $10.00 fee.

Money Market Savings

Money Market Savings
Minimum Opening Deposit: $25.00
Daily Balance Tier	Annual Percentage Yield**
Up to $2,499.99	0.25%Annual Percentage Yield
$2,500.00 to $9,999.99	0.25%Annual Percentage Yield
$10,000.00 to $49,999.99	0.50%Annual Percentage Yield
$50,000.00 and up	0.75%Annual Percentage Yield

With this popular account, you can invest your money and have the convenience of limited check writing.
Money Market Savings accounts require a $25.00 minimum deposit to open. You may make six withdrawals from the Money Market Savings account per monthly statement period, three of which may be by check. Withdrawals in excess of six and/or checks in excess of three will be subject to a per item charge of $2.50.

Preferred Investment Savings

Preferred Investment Savings
Minimum Opening Deposit: $2,500.00
Daily Balance Tier	Annual Percentage Yield**
Up to $24,999.99	0.25%Annual Percentage Yield
$25,000.00 to $74,999.99	1.00%Annual Percentage Yield
$75,000.00 and up	1.25%Annual Percentage Yield

For those with more to invest, Old Point is proud to provide a premium option that still has some liquidity.
The minimum deposit required to open a Preferred Investment Account is $2,500. You may make three withdrawals by any method from the account each monthly statement period. Excess withdrawals will result in a $10.00 per item fee.

Holiday Club Savings

Current Holiday Club Savings Rates
Holiday Club Coupon Book Minimum Opening Deposit: $5.00	0.15%Annual Percentage Yield**

Holiday Club Automatic Payment Minimum Opening Deposit: $5.00	0.25%Annual Percentage Yield**

A variety of Holiday Club savings plans are available to help you start saving today for holiday expenses, end-of-year taxes, or other expected annual expenditures. Choose our easy automatic deduction payment method- your monthly payment will be automatically deducted from your checking or savings account each month, and your funds will be deposited to that same account at the end of the club period. Or, make payments by presenting your coupon book in person, and your check will be mailed to you. All Holiday Clubs are paid in October, and include interest at the current effective rate.

**Annual Percentage Yield
Penalties may be imposed for early withdrawal. Fees could reduce earnings. Rates subject to change without notice. Rates quoted may differ from those offered in Old Point branches. Please call your nearest Old Point branch for current rates.