Current Rates
Effective Through April 24, 2018
Checking and Savings Accounts |
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| 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. |
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Certificates of Deposit |
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| 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 |
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| 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.
