Savings


At Glenwood State Bank, our savings accounts are more than just a place to keep your hard-earned assets. With our competitive rates, you can GROW your money too! Plus, with the addition Online and Mobile Banking, it’s easy to manage and move your savings to other accounts, as you need it. Talk to Personal Banker today and start growing your savings!


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Personal Savings

  • $5.00 minimum opening deposit required
  • Interest is compounded daily and credited quarterly*
  • Quarterly statement issued

 


Money Market Savings

  • $2,500.00 minimum opening deposit required
  • $2,500.00 minimum daily balance for Money Market rates*
  • If daily balance falls below $2,500.00, interest rate changes to Personal Savings rate
  • Interest is compounded and credited monthly
  • Higher interest rates paid for balances over $10,000, $50,000, $100,000, and $200,000
  • Monthly statement issued
  • Checks available for purchase

 


Kid's Club Savings

  • $5.00 minimum opening deposit required
  • For kids 12 and under
  • Kids receive a free Kid’s Club t-shirt with a new account and select a treasure from the treasure chest with each deposit
  • Interest is compounded daily and credited quarterly*
  • Quarterly statement issued

 


Christmas Club Savings

Plan ahead for holiday expenses!

  • $5.00 minimum opening deposit required
  • Maximum balance of $2,750.00
  • Earn a premium rate on your investment*
  • Interest accrued daily and credited annually
  • Flexible options for periodic deposits to build your savings
  • Funds dispersed in a lump sum on November 15th
  • Limit one account per customer

 


 

CalculatorTry our Savings Calculator to learn how to reach your financial goals!

 


*Rates are subject to change at any time.