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.


Personal Savings

  • $5.00 minimum opening deposit required
  • No minimum balance requirements
  • Interest is compounded daily and credited quarterly*
  • Quarterly statement issued
  • Six free withdrawals or debits per month

Money Market Savings

  • $2,500.00 minimum opening deposit required
  • If daily balance falls below $2,500.00, 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

Kids 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

  • $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

Try our Savings Calculators >>

*Rates are subject to change at any time.