Checking Products


Bogota Savings Bank offers a wide variety of checking products to accommodate your needs.

Money Market Checking: 
For our customers who have limited check writing needs  and want to earn as much interest as possible on their funds we recently introduced a Money Market Checking Account.  This account offers you  the flexibility of check writing and the benefit of savings all wrapped up in one great account. Fees may reduce earnings on the account.

Super Now Accounts (Checkplus):
If you prefer to earn interest on your checking account our Checkplus Account may be perfect for you. This account does not limit the number of checks you can write. Our Checkplus Account offers a tiered interest rate that allows you to increase your rate of return by simply increasing the balance in your checking account. Not only will you earn a competitive rate of interest with an initial deposit of $500.00, you may increase your interest rate by maintaining a higher balance. Interest is accrued daily and compounded and credited monthly. If your daily balance falls below $500.00 your account will continue to earn interest, however, a $8.00 monthly service fee will be assessed. This account can also be opened in an individual name, joint names, organizations or clubs. Fees may reduce earnings on the account.

Type	Rate	APY*	Minimum Balance to Obtain APY*	Additional Info
$1.00 to $4,999.99	1.000	1.000	$1	$500 Initial Deposit - Tiered Interest Rates - If Daily Balance Falls Below $500 - $8.00 Fee
$5,000 to $9,999.99	1.250	1.250	$5,000	$500 Initial Deposit - Tiered Interest Rates - If Daily Balance Falls Below $500 - $8.00 Fee
$10,000 to $24,999.99	1.490	1.500	$10,000	$500 Initial Deposit - Tiered Interest Rates - If Daily Balance Falls Below $500 - $8.00 Fee
$25,000 to $49,999.99	1.740	1.750	$25,000	$500 Initial Deposit - Tiered Interest Rates - If Daily Balance Falls Below $500 - $8.00 Fee
$50,000 to $99.999.99	1.830	1.850	$50,000	$500 Initial Deposit - Tiered Interest Rates - If Daily Balance Falls Below $500 - $8.00 Fee
$100,000 or More	1.990	2.000	$100,000	$500 Initial Deposit - Tiered Interest Rates - If Daily Balance Falls Below $500 - $8.00 Fee

Demand Deposit Accounts:
Our Non-Interest Checking Account may be opened with an initial deposit of $200.00. Appropriate documentation is required prior to opening a new account. This account offers the convenience of unlimited check writing and may be opened in an individual name, joint names, organizations, clubs or business. Although the account may be opened with $200.00, the account must maintain a $300.00 Average Daily Balance to avoid the $8.00 monthly service fee.

TOTALLY Free Checking:
This is a non-interest bearing account that may be opened with $25.00. There is no monthly service charge and no activity or transaction fees. There are no minimum balance requirements. The account can be opened by individual or joint accountholders. The TOTALLY Free Checking account is not open to business accounts.

Senior Checking:
For our customers over the age of 62, we offer an interest bearing account. Checks are free for the life of the account. The minimum balance to open the account is $100.00. You must maintain an average daily balance of $100.00 to avoid an $8.00 monthly service fee.

New Jersey Consumers Checking:
This is a non-interest checking account that may be opened in an individual name or joint names. The account may be opened with $50.00. The minimum to maintain this account is $1.00. A $3.00 Monthly maintenance fee will be charged each cycle. You may write eight checks per statement cycle at no charge. A $.50 charge will be applied to each check written after the first eight. Unlimited and free withdrawal slips.

Savings Products


Statement Savings
With Statement Savings, you can save at your own pace. Earn interest based on current market returns, and have convenient ATM access to your savings.

Type	Rate	APY*	Minimum Balance to Obtain APY*	Additional Info
$1.00 to $9,999.99	1.490	1.500	$1	Compounded Daily
$10,000.00 to $24,999.99	1.980	2.000	$10000	Compounded Daily
$25,000 to $49,999.99	2.470	2.500	$25000	Compounded Daily
$50,000 to 99,999.99	2.960	3.000	$50000	Compounded Daily
$100,000 to $499,999.99	3.440	3.500	$100000	Compounded Daily
$500,000 or More	3.680	3.750	$500000	Compounded Daily

Regular Savings & Super Savings Accounts:
A savings account is one of the essential building blocks of a solid financial foundation. It allows for immediate access to your money, and is protected by FDIC insurance. At the Bogota Savings Bank, we offer a savings account that can help you meet your goals no matter what they might be. Fees may reduce earnings on the account.

Certificates of Deposit (CDs):
You'll receive competitive interest rates that are guaranteed for the entire period. Terms range from as short as three months to as long as five years and you can open your CD with as little as $1,000. CD's are a great secure way to watch your money grow and are insured by the FDIC. Fees may reduce earnings on the account. Penalty for early withdrawal.

Retirement Accounts (IRAs)
A Bogota Savings Bank Individual Retirement Account (IRA) is the perfect choice for anyone looking for a safe, secure way to save for the future. And because it's so easy to pick one that matches your current savings capacity, virtually anyone can open an IRA. Terms range from as short as six months to as long as five years and you can open your IRA CD with as little as $500. IRA CD's are a great secure way to watch your money grow and are insured by the FDIC. Fees may reduce earnings on the account.

Holiday Clubs:
The Holiday Club Account may be the perfect way for you to save for holiday expenses. Through regular deposits, you will save systematically and painlessly. Funds are automatically mailed to you by mid-October of each year, allowing you plenty of time to shop for gifts or plan a winter vacation. Fees may reduce earnings on the account.

Certificates of Deposit

Type	Term	Rate	APY*	Minimum Balance to Obtain APY*	Additional Info	Calc. Amount	Calc. Button
21 Month Certificate of Deposit	21	3.050	3.100	$1000	$1,000 minimum to open, interest posted quarterly
91 Day CD	3	3.150	3.200	$1000	$1,000 minimum to open, interest posted quarterly
6 Month Certificate of Deposit	6	3.100	3.150	$1000	$1,000 minimum to open, interest posted quarterly
8 Month Certificate of Deposit	8	2.710	2.750	$1000	$1,000 minimum to open, interest posted quarterly
9 Month Certificate of Deposit	9	2.910	2.950	$1000	$1,000 minimum to open, interest posted quarterly
10 Month Certificate of Deposit	10	2.910	2.950	$1000	$1,000 minimum to open, interest posted quarterly
1 Year Certificate of Deposit	12	3.200	3.250	$1000	$1,000 minimum to open, interest posted quarterly
15 Month Certificate of Deposit	15	2.960	3.000	$1000	$1,000 minimum to open, interest posted quarterly
18 Month Certificate of Deposit	18	3.200	3.250	$1000	$1,000 minimum to open, interest posted quarterly
2 Year Certificate of Deposit	24	3.339	3.450	$1000	$1,000 minimum to open, interest posted quarterly
30 Month Certificate of Deposit	30	3.200	3.250	$1000	$1,000 minimum to open, interest posted quarterly
33 Month Certificate of Deposit	33	3.200	3.250	$1000	$1,000 minimum to open, interest posted quarterly
3 Year Certificate of Deposit	36	3.440	3.500	$1000	$1,000 minimum to open, interest posted quarterly
4 Year Certificate of Deposit	48	3.680	3.750	$1000	$1,000 minimum to open, interest posted quarterly
5 Year Certificate of Deposit	60	3.920	4.000	$1000	$1,000 minimum to open, interest posted quarterly

IRA Accounts

* Annual Percentage Yield