• Checking Accounts
• Savings & Time Accounts
• Auto/Personal Loans
• Health Savings Accounts
• Credit Cards
• Home Improvement Loans
• MoneyLink 24
• Investment Advisory Services
• Trust and Estate Services
• Insurance

 

Checking Accounts:

Simply Free Checking-Non-interest bearing checking account with no strings attached. No minimum balance requirements and no monthly maintenance fees.  Direct Deposit is NOT required to receive this account Simply Free.

Direct Rewards Checking is a non-interest bearing checking account with no service charges or minimum balance requirements.  This account requires Direct Deposit to receive the Bonus One Rewards Debit card as well as additional benefits. 

Basic Banking accounts were implemented by New York State in order to make "low-fee" checking available to individuals.

NOW-Personal accounts offer the individual the advantage of earning interest combined with unlimited check writing privileges. A minimum balance is required to avoid monthly maintenance fees and earn interest.

Money Market-Personal accounts are designed for individuals who would like the privilege of limited check writing while earning interest at competitive money market rates. A minimum balance of $2,500 is required to earn interest.  Customers are rewarded with a higher interest rate as their balances increase.

Money Market Advantage accounts are designed for individuals who maintain an active checking account with Solvay Bank and maintain balances of at least $25,000 in their money market account.

Diamond Checking-This non-interest bearing account is designed for those enjoying being 55 and older. There are NO monthly maintenance or per-item charges and no minimum balance requirements.  Other benefits include discounts on loans and Investment Management accounts as well as FREE Express checks for life.

Back to Top

 

Savings & Time Accounts:

Statement Savings-Personal is a variable interest rate account with no monthly fee and no minimum balance requirement. Interest is paid monthly. This account is designed for individuals who wish to deposit small sums of money periodically without the restrictions of a time account.

Passbook Savings-Personal is designed for those who wish to make minimal deposits with the ability to withdraw at any time. There is no monthly statement and interest is paid quarterly.

Certificates of Deposit-Personal are time savings accounts. There is a minimum opening deposit and a penalty is assessed for early withdrawals. Competitive interest rates are offered for a variety of terms.

Traditional IRA or Individual Retirement Account is like a personal pension plan which permits individuals to set aside funds for retirement. These funds are sometimes tax-deferred and sometimes tax-deductible. Competitive interest rates are offered.

Roth IRA is a different plan from the Traditional IRA Account. It is a retirement plan funded by nondeductible contributions for tax year 1998 and after. The Roth IRA was created for those concerned about being in a higher tax bracket at retirement. Competitive interest rates are offered.

Education IRA is a savings plan for taxpayers wishing to fund the future higher education expenses of a designated beneficiary under the age of 18 when the contributions were made. Competitive interest rates are offered.

Holiday & Vacation Clubs - These accounts are designed as time savings accounts. The customer makes regular deposits and is not permitted to withdraw without a penalty. Competitive interest rates are offered.

Burial Accounts - Under Social Security Law, SSI and Medicaid applicants may open "Burial Fund" accounts up to a maximum of $1500.00 for an individual and $3000.00 per couple.

Deposit Calculator

Use this calculator to estimate the value of your deposits over time.

Back to Top

 

Auto/Personal Loans:

Auto Loans-New & Used advanced for the purchase of a new or used automobile featuring competitive interest rates, local decisions and low down payments. The "New" car rate is offered on vehicles not over 2 years old.

Personal Loans provide financing for the purchase of boats, recreational vehicles, motorcycles or any legal purpose. Competitive interest rates are offered.

Overdraft/Line of Credit is designed for overdraft protection. The line is accessed by overdrawing the account via check or electronic transaction.

Back to Top

 

Credit Cards:

Verified by VISA Service

SecureCode Program

Our credit cards have: no annual fee fixed annual interest rate Rewards Points on our Platinum Visa All decisions are made locally.

To get your account information click here.

Back to Top

 

Home Improvement Loans:

Home Improvement loans are granted for the purpose of improving the owner's property. Competitive interest rates are offered.

Back to Top

Installment Loan Calculator

Use this calculator to estimate a monthly loan payment.

Back to Top

 

MoneyLink 24

MoneyLink 24 is online real-time banking at our web-site.  Access is always free and sign up is simple!  Just go to our home page, click the MoneyLink 24 button, and follow the instructions.  We also offer an optional Bill Payment Service FREE of charge.   You can request payment to ANY vendor online. We suggest that you allow seven business days prior to your due date to allow for processing and mailing.

To enroll in MoneyLink 24, click here.

Back to Top