Personal Checking | Business Checking | Club Accounts
Personal Checking
Basic Gold
An everyday checking account that can be started with a $100 deposit. It allows unlimited check writing, deposits, and debit card transactions. There is no service charge on balances above $600. Monthly service charges of $5 apply for balances under $600, $6 for balances under $500, and $7 for balances under $300. Basic Gold offers free 24-hour telephone banking, free internet banking, and a free debit card, per approval.
Gold Choice Student
A perfect first checking account for students under 21. This account requires only a $50 deposit, allows free check writing for up to 20 checks per statement cycle, offers unlimited debit card transactions, and waives basic service charges. After 20 checks, a $ .25 per check fee is charged. Gold Choice Student offers free 24-hour telephone banking, free internet banking, and a free debit card, per approval.
Secure Gold Senior
Senior citizens deserve special treatment and Covenant Bank’s Secure Gold Senior account provides it. This account requires only a $50 deposit, allows free check writing for up to 20 checks per statement cycle, offers unlimited debit card transactions, and waives basic service charges. After 20 checks, a $ .25 per check fee is charged. Secure Gold Senior offers free 24-hour telephone banking, free internet banking, and a free debit card, per approval.
Interest Gold Now
If you want to earn interest on your checking account, it’s easy with Interest Gold Now. Designed for personal accounts, sole proprietorships, and non-profit organizations, this account requires a $1,000 deposit. Interest rates vary and are subject to change. There is no service charge on balances above $1,000. A monthly service charge of $8 applies to balances under $1,000 and $9 to balances falling under $500. Interest Gold Now offers free 24-hour telephone banking, free internet banking, and a free debit card, per approval.
Premium Gold
If you want to earn the highest interest rate on your checking account, then Premium Gold is the choice. It is designed for personal accounts, sole proprietorships, and non-profit organizations. The account requires a minimum balance of only $1,500. Interest rates are tiered and can be seen under the rates tab. There is no service charge on balances above $1,500. A monthly service charge of $15 applies for balances under $1,500. Premium Gold offers free 24-hour telephone banking, free internet banking, and a free debit card, per approval.
Money Market Gold
This is Covenant’s highest-yielding interest-bearing checking account and is available to anyone. It requires a minimum deposit of $2,000 and is for customers who want to earn higher interest yet maintain immediate check writing ability. Money Market Gold tiered interest rates are extremely competitive. Please select the rate tab for the listing of the tiers. Three free checks are permitted per cycle, after which a $5 per check fee is charged. There is no service charge on balances above $2,000. A monthly service charges of $10 applies for balances under $2,000.
<< Back to Top
Business Checking
Custom Gold Business
For small businesses and companies with average transaction activity, Custom Gold is a wise economical choice. The minimum opening balance is $100. The monthly maintenance fee is only $8. There is a $.15 fee for each deposit over 20 during the cycle. For deposited items that exceed 100 per statement cycle, the fee is $.07. There is, also a $.15 fee for each check/debit transaction per cycle after the first 100. Custom Gold Business offers free online and 24-hour telephone banking.
Commercial Gold Analysis
Ideal for businesses and companies with a high number of checking and deposit transactions, this account allows customers with high balances to earn credit allowances to offset fees and service charges. Additionally, statements detail transaction costs and provide other useful information. The minimum opening balance is $100. Maintenance fees are $10 per month. There is a $.15 fee for each deposit or withdrawal and a $.07 fee for each item deposited. All fees will be on an analysis basis with credit allowances being made for collected balances at the appropriate interest rate. Multiple accounts can be combined to provide streamlined reporting. Commercial Gold Analysis offers free 24-hour telephone banking and free internet banking.
Money Market Gold
This is Covenant’s highest-yielding interest-bearing checking account and is available to anyone. It requires a minimum deposit of $2,000 and is for customers who want to earn higher interest yet maintain immediate check writing ability. Money Market Gold tiered interest rates are extremely competitive. Please select the rate tab for the listing of the tiers. Three free checks are permitted per cycle, after which a $5 per check fee applies. There is no service charge on balances above $2,000. Monthly service charges of $10 apply for balances under $2,000.
<< Back to Top
Club Accounts
Covenant Club
This is for customers who want extra value and benefits from an interest-bearing checking account. It requires a $100 deposit to open and has a monthly service charge of $9.95. Covenant Club accounts offer financial benefits, including free personalized checks, interest earned on your balance, no issue fee for travelers checks and other benefits. Also included are insurance and security benefits, travel benefits, health benefits, savings benefits, and more. For additional information, get a Covenant Club brochure today.
Covenant Gold
Exclusively for customers 50 and over, a Covenant Gold account offers a checking package packed with a wealth of savings, convenience and security. It requires a $100 deposit. Because Covenant Bank believes seniors have earned special treatment, it lowers service charges on similar club accounts by $5 to $4.95 per month. Covenant Gold offers financial benefits, including free personalized checks, interest earned on your balance, no issue fee for travelers checks, and other benefits. Also included are insurance and security benefits, travel benefits, health benefits, savings benefits, and more. For additional information, get a Covenant Gold brochure today.
<< Back to Top