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 1st of each year and ends no later than October 20th of each year