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Savings & Money Market Accounts

 

Comparison of Terms/Fees/Transaction Limitations*

 

Passbook

Statement Savings

Money Market Deposit Account

Minimum Balance Requirement None $100 $1,000
Minimum Balance to Open None $100 $1,000
Interest Rate/Annual Percentage Yield (APY) 0.10% / 0.10%(APY)

0.15% / 0.15% (APY)

Under $1,000

0.00% / 0.00% (APY)

 

$1,000 to $9,999.99

.15% / .15% (APY)

 

$10,000 to $25,000

.16% / .16% (APY)

$25,000.01 to $50,000

.17% / .17% (APY)

 

$50,000.01 to $75,000

.18% / .18% (APY)

 

$75,000.01 to $200,000

.19% / .19% (APY)

Interest Compounded

Daily

Daily

Daily

Interest Credited

Quarterly

Monthly

Monthly

Monthly Statement

No

Yes

Yes

Preauthorized Transactions Limits

No preauthorized transfers allowed.

6 Per Month

6 Per Month

ATM/Debit Card

No

Yes

Yes

 
Clay County Savings Bank offers two types of regular savings accounts, a passbook account and a statement savings account, and a special savings accounts for our younger customers called the Kids Adventure Club  No minimum balance is required to open these accounts.  The statement savings account earns a slightly higher rate and yield, but has a $100 minimum balance requirement to avoid fees.  In addition, Clay County Savings Bank offers a Money Market Account, which has limited check writing ability.  The Money Market Account requires a $1,000 minimum balance to avoid a monthly service charge.

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Important E-Mail Disclosure

*A $1 service charge applies if the balance falls below the minimum balance at any time during the statement cycle for statement savings accounts and a $10 service charge applies if the balance fall below $1,000 at any time during the statement cycle for money market accounts.  Preauthorized transactions are customer-directed transfer such as for loan payments, insurance, or other electronic funds transfers.  Also includes transfers to another account to cover non-sufficient funds.  A $10 fee will apply per transaction item over the preauthorized limitation.  These limitations are established by federal regulations. Interest rates and annual percentage yields quoted above are as of August 31, 2013 and are subject to change without notice.  Please call Clay County Savings Bank's rate line, 816-407-4099, for current interest rates on deposits.