Personal Deposit Products > Savings


Bank of Grove offers two different savings accounts to assist you in preparing for future financial needs. Call us for more information or come by and visit with a personal banker to open your account.

Regular Savings Account

Our Regular Savings Account has no minimum opening requirement and no monthly maintenance fee if the average daily balance is kept above $200. This account earns a competitive interest rate. Free unlimited deposits and up to three withdrawals per month ($1 fee for each withdrawal in excess of three per month).

Silver Dollar Savings Account

Teach your kids to save with a Silver Dollar Savings Account. There are no minimum requirements to open this account and no monthly maintenance fee for children under age of 13. This account earns a competitive interest rate and quarterly statements. Unlimited deposits and up to one withdrawal per month ($1 fee for each withdrawal in excess of one per month).

Important Deposit Account Disclosure Information:

  • Fees are subject to change with prior notice, at the bank's discretion.
  • Fees could reduce earnings on interest-bearing accounts.
  • Balance Computation Method.We use the daily balance method to calculate the interest on your account.
    This method applies a daily periodic rate to the collected balance in the account each day.
  • Complete deposit account disclosures containing terms and fee information are available upon request.
     

 

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