Personal Savings Accounts

Statement Savings Account

Minimum balance to open is $200.00. A monthly maintenance fee of $5.00 is assessed if the account balance falls below $200.00 anytime during the month. The monthly maintenance fee can be waived for one year with direct deposit into Magnolia Bank checking account. Limited to 6 (six) pre-authorized transactions per month - $5 / item excessive withdrawal penalty.   (Click here to view our rates.)

Health Savings Account

Minimum balance to open is $100.00. No monthly maintenance fee. No minimum balance requirement.  Internet Banking and Debit Card available.  FREE starter kit of checks provided. Interest earned is based on tiered balances.  (Click here to view our rates.)

Magnolia Money Market Account

$1,000.00 minimum balance to open. Minimum balance to earn interest is $2,500.00. The monthly maintenance fee is $9.00 if account balance falls below $2,500.00 during statement cycle. Limited to 6 (six) pre-authorized transfers per statement cycle, $15 / item excessive withdrawal penalty. There is no limit on the number of in-house withdrawals. Interest rates vary depending on collected balance.  (Click here to view our rates.)

Magnolia Christmas Club Account

Minimum balance to open is $10.00. Existing checking account required.  Automatic transfers from checking, savings or direct deposit are required to fund account.  Additional deposits may be made to account. Interest only credited annually at account payout.  Service charge assessed for withdrawals before payout date.  Full balance of the account will be transferred to funding account on payout date, on or about October 15 each year.  (Click here to view our rates.)

Certificate of Deposit

Certificates of Deposit are available in various terms from 3 months to 5 years.  CD's earn competitive interest rates and are a safe and convenient investment. (Click here to view our rates.)

Individual Retirement Account

Choose from Traditional, Roth, or SEP IRA's in a range of terms from 3 months to 5 years.  IRA's earn competitive interest rates and take the worry out of investing.  Please consult your tax or legal advisor prior to opening or contributing to an IRA.  (Click here to view our rates.)

CDARS

Looking for safety and CD-level rates for your large deposits?  Find out why thousands of safety-conscious institutional investors-businesses, non-profits, public funds/governments-choose CDARS, the easiest way to access multi-million-dollar FDIC insurance through our bank.  (Limits Apply.)  (Click here to view our rates.)