Savings Plans
Regular Savings
Making it easy to save. Open this
account with $100 and receive a variable rate of interest
calculated on a daily available balance.
 | NO minimum deposit needed to open for
seniors or minors |
| Interest compounded and credited
quarterly |
| See current rates. |
| Direct Deposit into account at no
charge |
| ATM banking accessible
worldwide (must be linked to a Bank of Galesville
checking for ATM service) |
| Automatic loan payments from account
available |
| Five free withdrawals per month |
| Calculate
your Savings |
Bright Future
For parents and others wishing to
assure a Bright Future for their children. This account
offers an easy way to set aside regular amounts and watch
it grow to meet their educational or other goals.
| Account offers a preferred rate of 1%
above the regular savings rate, with an additional 1%
bonus on balances over $2,500.
See current rates. |
| Can set up regular automatic deposits
into the account |
| Low opening deposit |
| No maintenance fee |
| Custodial ownership |
| Quarterly statement |
| Can easily transfer to your choice of
high yielding Certificates of Deposit or investment
products |
| Calculate
your Savings |
Money Market Plus
For smart investors who want liquidity
of their money. Offers market-based interest rates
without the concern of a time-deposit and early withdrawal
penalties. Open with just $2500.
| This account has five rate
levels. Interest is paid on the daily balance,
so as your balance grows so does your rate of
earnings. Rate levels are: |
Up to $4,999
$ 5,000 - $ 9,999
$10,000 - $24,999
$25,000 - $49,999
$50,000 +
| Tiered rate of interest increases you
earnings. See current rates. |
| Receive a monthly statement showing
activity and interest credited. |
| Receive free checks to draw against
the account when you choose. |
| There is a limitation on the number
of pre-authorized withdrawals you make from the
account. You can make no more than six each
month and no more than three can be by check. A
pre-authorized withdrawal includes: |
Checks
ACH Payments
Debit Card Transactions
Telephone Transfers
Internet Banking Transfers
| You can make an unlimited number of
in-person withdrawals and ATM withdrawals from your
account. |
| Calculate
your Savings |
Health Savings Account
A tax-free interest bearing account that
can be used to pay for medical expenses incurred by
individuals, spouses, or dependents. Available to
individuals with a high-deductible health insurance plan.
IRA Savings
A flexible IRA Account giving you the
easy way to start saving for retirement.
| High variable savings rate. See current rates. |
| Make monthly deposits or direct
transfer from checking or savings account |
| Allows withdrawals at age 59 ½ |
| Traditional or Roth IRA's |
| Tax deductible or tax deferred* |
| Calculate
your Savings |
*See your tax consultant regarding
tax implications.
Christmas Club Savings
A convenient way to be prepared for the
holiday season with minimal monthly deposits.
| Open with as little as $5 |
| Minimum monthly deposit of $20 can be
set up with an automatic transfer from another Bank
account |
| Interest is compounded and credited
annually. See current rates. |
| Checks are mailed November 1st |
| FREE gift with first deposit each
year (while supplies last) |
| Calculate
your Savings |
Certificates of Deposit
One of the safest possible investment
choices you can make. A fixed rate of interest for
the term, or length of time, that you hold the
certificate. Rates vary based on the amount invested
and the term selected.
Feel free to
contact us for more information or to open an account
today |
