Savings and CD Accounts

One of the best ways to put your dollars to work for you is with a Millville Savings program. With so many methods of saving to choose from, you may find that more than one account fits into your savings plan!

Passbook Savings Accounts

Your money is always available. Make as many deposits and withdrawals as you like. Earn interest compounded daily on balances of $100 or more. Transactions are posted inside Passbook for easy reference. Account could be service charged if balance falls below $100. Today's Rates

Statement Savings

There is no passbook as we do all the record keeping for you. Earn interest on balances of $100 or more. Easy-to-read monthly statements and transfer to another Millville Savings account with your STAR® card. Direct Deposit your payroll or Social Security check to Statement Savings. $100 minimum to open and to avoid monthly service charges. Today's Rates

Certificate of Deposits

Earn higher interest without higher risk.

Whether it's short-term growth or long-range investments you're after, Millville Savings has a variety of account options to fit your goals. And the competitive rates to achieve them. Choose the term that's right for you anywhere from 3 months to 5 years. Deposit as little as $1,000 and earn a higher rate of interest than a conventional savings account Rate locked in for the full term of the investment. All terms 6 months or longer are available for your Millville Savings Individual Retirement Account. Today's Rates

IRA Accounts

Individual Retirement Accounts: Millville Savings offers a choice of IRAs. To see how much you should save for retirement, use the Retirement Calculator.

• Roth IRA - Contributions to this new IRA cannot be deducted from current income taxes, but earnings grow tax-deferred and withdrawals after five years at 59 1/2 are tax-free.
• Traditional IRA - This IRA offers higher income limits for tax deductions and IRS penalty-free withdrawals for education expenses or purchasing a first home.
• Coverdell Education Savings Accounts (formerly Education IRA) - Contributions of up to $2,000 per year to these tax-free accounts for children under age 18 can be withdrawn for education-related expenses.

Holiday/Vacation Club

These specialized club accounts help you set aside money for holidays and other special occasions. You choose the amount you save weekly to meet your financial needs. The minimum deposit required to open a club account is $5.00. Today's Rates

The Holiday club checks will be mailed in October.