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Whether your goal is a rainy day fund or a ready source of cash for routine expenses, the sooner you start saving the better. With a Bank of Eastman/Magnolia State Bank Savings Account, you can start small and watch your savings grow.

Magnolia Prime 60
Statement Savings
Certificates of Deposit/IRA
Magnolia Partners
Magnolia IMMA Account
Saver Squirrel Kids Club

A Bank of Eastman/Magnolia State Bank savings account is a great way to see your money grow. For more information please call us or visit your local branch.

 

 



Magnolia Prime 60

Customer must be at least 60 years of age. Minimum deposit of $1,000,000.00 to open account. A maintenance fee of $5.00 will be imposed every statement cycle if the balance falls below $500,000.00. You must maintain a minimum balance of $500,000.00 in the account daily to obtain the disclosed annual percentage yield. Interest is compounded daily and credited to the account monthly. Transfers from a Prime 60 account to another account or to third parties are limited to six per statement cycle with no more than three by check, draft or similar order to third parties. We may change the interest rate on this account at any time at our discretion.



Statement Savings

Minimum deposit of $50.00 to open account. A maintenance fee of $3.00 will be imposed every statement cycle if the balance falls below $100.00 any day of the cycle. An excess transaction fee of $2.00 will be charged for each debit in excess of six during a statement cycle. Interest is compounded daily and credited quarterly. No service charge for students or senior citizens.



Certificates of Deposit/IRA

A minimum deposit of $500.00 is required to open a certificate of deposit/IRA. We offer a range of certificates from three months to five years.



Magnolia Partners

Customer must be at least 50 years of age and a checking account customer and maintain a minimum balance of $4,000.00 in one of our interest checking accounts or savings plans. No minimum balance or service charges for our checking account customers and only a $4,000.00 minimum in savings or certificates.



Magnolia IMMA Account

Minimum deposit of $1,000.00 to open account. A maintenance fee of $5.00 will be imposed every statement cycle if balance falls below $1,000.00 any day of the cycle. Interest is compounded daily and credited monthly. Transfers from a Magnolia IMMA account to another account or to third parties are limited to six per statement cycle with no more than three by check, draft or similar order to third parties. We may change the interest rate on this account at any time at our discretion.



Saver Squirrel Kids Club

Mom, Dad. Here's a fun, new way for your children to learn about saving money. It's our Saver Squirrel Club, a savings account especially for kids, ages birth to 13. No deposit is too small, even if it is only a handful of coins. This account can be opened with as little as $25.00 and entitles your child to the following exciting benefits:


•A kit that includes a Saver Squirrel Membership Card, a savings register, an activity book and other fun materials. The activity book explains the purpose of saving money and introduces the concepts of deposits, withdrawals and interest in an entertaining way that kids will enjoy.

• A special prize after five deposits of $5.00 or more are made.

• A maintenance fee of $3.00 will be imposed every statement cycle if the balance falls below $25.00 any day of the cycle.

• An excess transaction fee of $2.00 will be charged for each debit in excess of three during a statement cycle.

• Their account earns interest at our standard savings account rate.

• Interest is compounded daily and credited quarterly.

The Saver Squirrel Club is more than just a savings account. It's an effort to educate children about the value of money. Watch for other Saver Squirrel Club events and materials, including:

•Appearances by our Saver Squirrel mascot.
•Occasional celebrations.
•Yearly drawings of a $100.00 savings bond or prize.
•And other wonderful surprises.




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