SHARE SAVINGS ACCOUNT: Each
member of Northern Tier must have a minimum balance of
$25.00 in their share account. Share accounts may be
opened under single ownership or held in joint tenancy
with one or more joint owner. If you wish to have a
joint owner, both you and the joint owner would have the
right to deposit or withdraw from your share account at
any time. A statement of account is mailed to each
Money deposited in a share account earns dividends from
the date of deposit. Dividends are declared quarterly by
the Board of Directors. Share accounts earn daily
dividends and are compounded quarterly with a minimal
VACATION SAVINGS ACCOUNT:
Members of Northern Tier have
the opportunity to invest in a separate savings program.
Vacation Savings Account has no minimum balance
requirement. Dividends are compounded each quarter with
a minimal balance requirement.
CHRISTMAS CLUB SAVINGS ACCOUNT:
Members may deposit any amount at any time into this
account. Deposits may be made through payroll deduction
or cash payments. On November 1st, the full amount of
the account is available to the member. Dividends are
MONEY MARKET SHARE ACCOUNTS:
Northern Tier offers two money market accounts that
yield a higher interest rate. Dividends on this
account are paid monthly. If the balance falls below
the required minimum, no dividend is earned for
those days it is below the required minimum. The
minimum balance required for the Regular Money
Market is $1000 and the Super Money Market is
$10,000. Both Money Market Accounts offer its
holders an overdraft checking account protection
the initial card fee waived on Visa travel cards, free cashier's checks,
free money order,
and 50% discount on safe deposit boxes.
Organizations have the opportunity to
establish a savings account with a minimum balance of
$5.00. Dividends are compounded quarterly. Non-profit
groups may be exempted from dividends. Club Share Draft
Checking Accounts requires no minimum balance and have
no monthly service charges.
Area (local) businesses may invest into a
savings program with a minimum balance of $25.00.
Dividends are compounded quarterly. Members must have a
tax payer identification number with this account. There
is no minimum balance requirement or monthly service
charge on the Business Share Draft Checking Account.