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Product
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Statement Savings
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Passbook Savings
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Christmas Club
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Description
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Looking simply to save money? This account is perfect to start saving and earn interest with a low minimum balance required.
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The perfect account for teaching your kids financial responsibility! They’ll get an actual passbook to track all transactions and earn quarterly interest, too!
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Want to get a jump start on saving for the holidays? This account is perfect for putting away money each week to access just in time for the holidays. And even, better… we’ll make the last payment for you!*
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Required opening balance
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$300.00
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$10.00
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Maximum of $50/week per customer
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Interest Bearing?
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Interest paid monthly**
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Interest paid quarterly**
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*The Missouri Bank will make the last payment if customer has made first 49 payments
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Activity Fees
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$4.00 service charge per month if balance falls below $300.00 at any time during the statement cycle
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No monthly service charges
$5.00 charge for lost passbooks (passbook must be present for all transactions)
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If not opened by the first Monday of November, payments must be brought up to date
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Electronic Funds Activity (EFT)
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ATM transactions permitted
Direct ACH deposits permitted
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No EFT activity permitted; this includes, but is not limited to ACH deposits, ACH payments to third parties, internet banking transfers or other electronic activity
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Payments will be automatically transferred on a weekly basis from an existing account at The Missouri Bank beginning the first Monday of November
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Special Features
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Monthly statements
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Annual statements
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No new Christmas club accounts will be opened after the third Monday of November
Checks will be mailed the fourth week in October
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