Current Rates

Effective Through August 21, 2018

Checking and Savings Accounts

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

Interest Checking

$0.01 0.10% 0.10%

Business Plus Checking

$10,000.00 0.05% 0.05%

Business Pro Checking

$10,000.00  0.10% 0.10% 

Business Sweep Checking

Average Daily Balance – $10,000.01 and above 0.20% 0.20%

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 0.10% 0.10%
  $50,000.00 - $99,999.99 0.15% 0.15%
  $100,000.00 - $249,999.99 0.25% 0.25%
  $250,000 and above 0.75% 0.75%
Business Money Market
$2,500.00 - $49,999.99 0.10% 0.10%
  $50,000.00 - $99,999.99 0.15% 0.15%
  $100,000.00 - $249,999.99 0.25% 0.25%
  $250,000 and above 0.75% 0.75%
These are variable rate accounts and the rate may change after the account is opened. Minimum opening deposit of $50.00 required.

Certificates of Deposit

Term Minimum Deposit to earn APY* Interest Rate** Annual Percentage Yield
6 Month $500.00 0.50% 0.50%
12 Month  $500.00 1.94% 1.95%
1 Year Student Saver              $100.00  1.00% 1.00%
18 Month $500.00 2.53% 2.55%
24 Month $500.00 1.34% 1.35%
36 Month  $500.00 1.44% 1.45%
48 Month  $500.00 1.44% 1.45%
60 Month  $500.00 1.44% 1.45%

 Individual Retirement Accounts

Term Minimum Deposit to earn APY* Interest Rate** Annual Percentage Yield
6 Month $500.00 0.50% 0.50%
12 Month  $100.00 1.94% 1.95%
18 Month $100.00 2.53% 2.55%
24 Month $100.00 1.34% 1.35%
36 Month $100.00 1.44% 1.45%
48 Month $100.00 1.44% 1.45%
60 Month $100.00 1.44% 1.45%

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

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.

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