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 monthly maintenance fee if the 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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