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Passbook accounts vs. statements. All savings accounts are issued in the form of a passbook. No need to wait for a monthly or quarterly statement. Low minimum balance requirements. For Virginia residents, passbook savings accounts start as low as $50, money market savings accounts start at $1,000 and certificates of deposit require only $500 to open. Direct deposit of funds. We accept direct deposit of social security benefits, payroll deductions, dividends, etc. Special savings incentives for children. Our Kids Count Club offers special rewards each time a child makes a deposit in his or her savings account. Traditional and Roth Individual Retirement Accounts Available: Flexible funding through fixed and variable rate certificates. We offer one-year and five-year fixed rate certificates and variable rate 18-month certificates and money market accounts. No administrative or maintenance fees. No rollover or transfer fees. Convenient passbook format for easy record keeping. For further information on any of our Savings products, please stop by, or call, one of our convenient locations in the Greater Richmond area. You can also contact us for Savings-related questions by clicking on this e-mail link. Out of state funds are not being accepted at this time. NOTICE: IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.  |