Premium Savings: PA, NJ, & DE
Standard Money Market
The “Standard” Money Market sets the bar for our community banks with lower than most balance requirements, attractive tier rates, and access to your money that is uncommon for accounts with higher returns.
Industry Leading Rates
Earn rates well above similar accounts for the industry. This places you in control of your earnings while keeping pace with most savings accounts
Access to Cash
The “standard” Money Market provides access to cash with the use of Debit cards and Checks while providing the higher returns of a savings account.
Tiered Rates
Account earns interest at a tiered rate. Rates may change daily. See TFSB disclosure agreements and tiers for further explanation
Franklin Affinity Gold Time Deposit
The FRANKLIN GOLD account is a 60-month time deposit with an early withdrawal penalty. But here’s what sets it apart from all others and provides a great option to you as a multi account holder.
-
High Yield
+
High interest earnings that transfer directly to your TFSB Checking or Savings account; any other deposit product either on-line or locally will not compete well with us. You’ll see that this account provides one of the highest returns in the market.
(The rates and APY offered here are subject to change. Please check back often to see current rates.)
(Checking or Savings account required to qualify for Affinity Gold CD.)
-
Protection against Rate Increase
+
As rates increase, you can rest easy with your FRANKLIN GOLD account. You have an option during the term of the CD to get an increase to the current 5 year rate Tioga Franklin Savings Bank offers for the remaining term, at no cost to you. Just ask, and you will receive the increase. [i] As an added feature, we will email you anytime our 5 year rate changes. Just so you won’t miss out!
-
Access to your Funds
+
The FRANKLIN GOLD account, at your choice, pays interest monthly by direct deposit to your account, or compounds interest for a higher return, and the early withdrawal penalty for this account is set to reward you the longer you hold the account.
Thus, if you have to withdraw a portion or all of your account early, you can do so and still have the peace of mind that your earnings on those funds withdrawn will not only avoid being consumed by penalties, but will actually earn a net interest rate higher than most accounts in the market held for a similar term.
|
MONTHS |
PENALTY |
|---|---|
| 0 – 6 | Int. Yr.1 Earned |
| 7 – 12 | Int. Yr.1 Earned |
| 13 -24 | Int. Yr.2 Earned |
| 25 – 36 | Int. Yr.3 Earned |
| 37 – 48 | Int. Yr.4 Earned |
| 49 – 59 | Int. Yr.5 Earned |
(i) The rate increase option is available at any time during the original term of the account. Requests must be in writing, e-mail, or in person. This option can be exercised once over the original term of the account.
(ii) Notification requires a valid e-mail account and will be considered as consent to receive email notifications from Tioga Franklin Savings Bank.
(iii) Funds withdrawn prior to maturity are subject to early withdrawal penalties. The penalty is based on the length of time the funds remained on deposit. To determine the interest to be paid on the withdrawn funds, the bank will calculate the penalty portion attributed to the withdrawn funds and apply that factor first to the accrued interest and then to the principal portion of the funds withdrawn. Penalty factor is not applied to the principal portion of funds remaining in the account for partial withdrawals. Funds withdrawn from principle for penalty if interest checks mailed monthly.