Personal Savings Accounts

Start saving today!  It only takes a $50 to open any savings or money market account.

Savings Account

  • Minimum daily balance requirement of $200.00
  • A maintenance fee of $5.00 if daily balance falls below $200.00 during month.  Maintenance fee waived for full time students thru age 23
  • Limited to 4 withdrawals or transfers per four week or similar period; excess withdrawal fee per item assessed if limit exceeded 
  • Earns interest on a tiered rate structure. Click here to view our rates.

Young Savers

  • No minimum daily balance requirement
  • No maintenance fee
  • Limited to 4 withdrawals per four week or similar period; excess withdrawal fee per item assessed if limit exceeded 
  • Available to minors only 
  • Earns interest.  Click here to view our rates.

Money Market

  • Minimum daily balance to earn interest is $2,500.00
  • A maintenance fee of $10.00 if minimum daily balance is not maintained during any day of the statement cycle 
  • Limited to 6 withdrawals per four week or similar period; excess withdrawal fee per item assessed if limit exceeded
  • Interest earned on tiered rate structure.  Click here to view our rates.

$wipe-N-$ave

Every time you swipe your Debit MasterCard Magnolia Bank will round up to the nearest one dollar amount and that amount will be deposited into your savings account. It’s great way to save!  

$wipe-N-$ave Frequently Asked Questions

Certificate of Deposit

Certificate of Deposits are available on various terms from 3 months to 5 years.  CDs earn competitive interest rates and are a safe and convenient investment. Click here to view our rates.

Student Saver Certificate of Deposit

Available to children and full-time students up to age 23.  Minimum balance to open is $100.00.  Deposits can be made to this account with a minimum of $25.00 per deposit transaction.  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.  IRAs 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.