Savings Accounts & CDs

In the Big Country and Rolling Plains of Texas we are taught to save for a rainy day. Savings accounts are a great way to methodically put some money away every pay period. In just a short period of time you will watch your savings grow into an amount you will be proud to call your own.

‍A minimum initial deposit of $100.00 is required to open this account, and a balance of $100.00 must be maintained during the statement cycle in order to avoid the quarterly service charge of $5.00. Interest earned at the stated rate is accrued daily and paid quarterly. Savings interest rates are subject to change. In-house transactions are allowed in unlimited numbers, but no more than six transfers or withdrawals can be made per month and no more than three of those transfers or withdrawals may be by check payable to third parties. There is a $2.00 charge for each excessive item after the first nine withdrawals per quarter.

These are great investment tools if you are looking for a safe and sure way to let your money work for you and earn a higher rate of interest. The flexibility of maturity periods means that your money is safe for as long or as short of a period of time that you need.

‍CD’s can be purchased for 32 days up to 60 months with interest payable monthly, quarterly, semi-annually, annually, or at maturity. Interest may be compounded. Federal regulations require a penalty if funds are withdrawn before the maturity date of the certificate. Rates are quoted upon request. For more information concerning Certificates of Deposit, please see one of our Customer Service Representatives.