Standard Savings
Our Standard Savings account is a basic savings account with a lower minimum balance required than others accounts. It is best suited consumers wanting to invest smaller amounts of money while maintaining limited access to their funds. This account is popular with family members wanting to open an account for minors, for which we waive the quarterly Low Balance Charge.
Our standard savings account earns interest while maintaining limited access to your funds.
A $300.00 minimum balance is required. There is a $5.00 quarterly Low Balance Charge if ledger balance is less than $300.00 on any day of the month. There is no quarterly Low Balance Charge with $300.00 or higher minimum ledger balance. There is a limit of six preauthorized withdrawals, debits, or transfers (including overdraft protection transfers) allowed per statement cycle. There is a $2.00 Excessive Withdrawal Fee per withdrawal, debit, or transfer (including overdraft protection transfer) after three per quarter. There is a $5.00 Early Closure Fee (account closed within 6 months of opening deposit).
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Money Max Accounts
Money Max is a checking and savings account package providing a checking account with no monthly Charge for Maintenance and a savings account earning better than market rate of interest. It is best suited for consumers who want to maximize their earnings potential while maintaining access to their funds.
It features no monthly Charge for Maintenance on the checking account. Accounts may be linked to provide overdraft protection. A $2,500.00 minimum balance is required in the Money Max savings account. There is a $5.00 monthly Charge for Maintenance if the savings ledger balance is less than $2,500.00 on any day of the month. There is no monthly Charge for Maintenance with $2,500.00 or higher minimum ledger balance. There is a limit of six preauthorized withdrawals, debits, or transfers (including overdraft protection transfers) allowed per statement cycle. There is a $2.00 excessive withdrawal fee per savings withdrawal, debit, or transfer (including overdraft protection transfers) after three per month. If the savings ledger balance remains below $2,500.00 for 90 calendar days, both accounts are converted to a Cajun Standard Checking and a Standard Savings account.
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Christmas Club Savings
Our Christmas Club Savings account is a basic savings account plan with transfer amounts selected by the customer. It is best for consumers who want to save money throughout the year for their holiday expenses. It is also great for business customers who need additional cash around the holidays for expenses.
This account features convenient automatic transfers from an existing checking account. There are no monthly fees or transfer fees. It fits any size budget because transfer amounts are selected by the customer. It also earns a variable rate of interest on daily balances.
There is no minimum balance required. There is a $5.00 Early Closure Fee (account closed within 6 months of first transfer). Transfers can be stopped without closing account.
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Vacation Clubs
We offer three different vacation clubs: Winter, Summer and Fall. These are basic savings account plans with transfer amounts selected by the customer. They are best for consumers who want to save money throughout the year for their vacation expenses.
Vacations are unique as our customers. This is why we offer a choice of three different plans to fit individual needs. This account features convenient automatic transfers from an existing checking account. There are no monthly fees or transfer fees. It fits any size budget because transfer amounts are selected by the customer. These accounts also earn a variable rate of interest on daily balances.
There is no minimum balance required. There is a $5.00 Early Closure Fee (account closed within 6 months of first transfer). Transfers can be stopped without closing account.
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I.R.A (Individual Retirement Account)
Individual Retirement Accounts that are FDIC insured are available for several purposes ranging from Tax-Deferred Accounts, Tax-Free Beneficiaries, and Education. They are best for consumers wanting to save money for retirement or educational expenses.
Customers may choose between fixed rate investments for 6 months, 12 months, 2 years, 3 years or 5 years or variable rate investments for 18 months, 3 years or 5 years.
$100.00 is required to open an IRA. Contributions for 2022 are capped at $6,000.00 per year per individual. Individuals 50 and older may contribute up to $7,000 per year. The IRS periodically changes the maximum contributions limits. Please refer to the IRS Publications for the most up to date contributions limits allowed.
Early withdrawal penalties apply. Penalty for early withdrawal is 3 months of interest plus applicable IRS penalties of 10%. Please contact our IRA Administrator or a customer service representative for more information about applicable fees and terms.