Money Market
This interest bearing account is available to customers who
maintain a balance in excess of $1,000 in their savings account
and are looking for limited check writing privileges.
- Minimum opening deposit $1,000
- $5 monthly charge if average balance falls below $1,000
- Monthly interest
- Limited check writing
- Image statements
- Added services
Statement Savings
This interest bearing account is best suited for customers who
wish to begin saving for the future.
- No minimum opening deposit
- No minimum balance requirements
- Semi-annual interest
- $1 fee per withdrawal in excess of four per calendar month
- Added services
Seasonal Statement Savings
This account is designed for customers who are visiting our
community and wish to maintain an interest bearing savings account
for less than 6 months.
- Minimum opening deposit $50
- Opening fee $30
- No minimum balance requirements
- Semi-annual interest
- $1 fee per withdrawal in excess of four per calendar month
- Added services
Christmas Clubs
This savings investment is best suited for customers who wish
to save money for the holidays or any other year end expenses.
- Automatic transfers from another Bank of Ocean City account
only
- Maximum contribution $5,000 per term
- Interest at club maturity in October
- No withdrawals during club term
Certificates of Deposit
These accounts are best suited for customers who wish to invest
their funds in a Time Deposit with terms ranging from 3 months to
5 years.
- Minimum opening deposit $1,000
- Variable terms
- Automatic renewal at maturity
- Premium interest
- Stepped rate options
Individual Retirement Account (IRA’s)
This investment product is for customers who want to start
building a retirement fund and earn premium interest.
Account types include Statement Savings and Time Deposits.
- Minimum opening deposit ranging from $500 to $1,000
- Variable terms
- Automatic renewal at maturity
- Premium interest
- Stepped rate options
