Savings Accounts

Passbook Savings

• Competitive rate to maximize your return
• Fees could reduce the earnings on the account
• $5.00 service charge if balance falls below $100
• Transfers to other accounts or 3rd parties by pre-authorized or automatic transfer or draft are limited to 6 per month.

Relationship Savings

Cover overdrafts on your checking account with an Automated Transfer in an increment of your choice

• Competitive rate
• Fees could reduce the earnings on the account
• $5.00 service charge if balance falls below $300
• $10.00 ATS fee per transfer (ATS=Automated Transfer System for overdrafts/NSF)
• Transfers to other accounts or 3rd parties by pre-authorized or automatic transfer or draft are limited to 6 per month.
• Requires a Bedford Loan & Deposit Bank checking account
• Various ATS increment choices available

Christmas Club

• $6.00 penalty for early withdrawal
• Early withdrawal will also result in a forfeiture of interest and account closure
• Enrollment begins November 1^st of each year and ends no later than October 20^th of each year