Current Rates

Effective Through February 20, 2018

Checking and Savings Accounts

Account Minimum Deposit to earn APY* Interest Rate** Annual Percentage Yield

Interest Checking

$0.01 0.20% 0.20%

Business Plus Checking

$10,000.00 0.15% 0.15%

Business Pro Checking

$10,000.00  0.20% 0.20% 

Business Sweep Checking

Average Daily Balance – $10,000.01 and above 0.25% 0.25%

Savings Account 

$0.01 - $9,999.99 0.10% 0.10%
  $10,000.00-$49,999.99 0.15% 0.15%
     $50,000.00 and above 0.20% 0.20%

Young Saver  

$0.01 0.50% 0.50%

Money Market  

$2,500.00 - $49,999.99 0.15% 0.15%
  $50,000.00 - $99,999.99 0.25% 0.25%
  $100,000.00 - $249,999.99 0.60% 0.60%
  $250,000 and above 1.01% 1.01%
Business Money Market
$2,500.00 - $49,999.99 0.15% 0.15%
  $50,000.00 - $99,999.99 0.25% 0.25%
  $100,000.00 - $249,999.99 0.60% 0.60%
  $250,000 and above 1.01% 1.01%
These are variable rate accounts and the rate may change after the account is opened. Minimum opening deposit of $50.00 required.
Magnolia Bank is currently in the process of changing our deposit products. If you are an existing Magnolia Bank customer and your account has not been changed to a product listed above please contact us at 270-358-3184 or one of our banking centers for rate information on your account.

Certificates of Deposit

Term Minimum Deposit to earn APY* Interest Rate** Annual Percentage Yield
3 Month $500.00 0.30% 0.30%
6 Month $500.00 0.30% 0.30%
9 Month  $500.00 0.25% 0.25%
12 Month  $500.00 0.50% 0.50%
1 Year Student Saver              $100.00  1.00% 1.00%
13 Month $500.00 1.49% 1.50%
18 Month $500.00  2.03% 2.05%
24 Month $500.00 2.28% 2.30%
25 Month $500.00 1.74% 1.75%
36 Month  $500.00 0.70% 0.70%
48 Month  $500.00 1.00% 1.00%
60 Month  $500.00 1.24% 1.25%
42 Month $500.00 1.34% 1.35%
55 Month $500.00 1.64% 1.65%

 Individual Retirement Accounts

Term Minimum Deposit to earn APY* Interest Rate** Annual Percentage Yield
3 Month $500.00 0.30% 0.30%
6 Month $500.00 0.30% 0.30%
9 Month $100.00 0.25% 0.25%
12 Month  $100.00 0.50% 0.50%
13 Month $100.00 1.49% 1.50%
18 Month $100.00  2.03% 2.05%
24 Month $100.00 2.28% 2.30%
25 Month $100.00 1.74% 1.75%
36 Month $100.00 0.70% 0.70%
48 Month $100.00 1.00% 1.00%
60 Month $100.00 1.24% 1.25%
42 Month $100.00 1.34% 1.35%
55 Month $100.00 1.64% 1.65%

*Annual Percentage Yield. Fees could reduce earnings on the account. Early withdrawal penalties may be imposed.
** Rates are subject to change at any time.

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