Savings Account Options
Savings Account
- No minimum deposit to open
Fees
Daily Balance | Monthly Fee |
$100.00 or more
$99.99 or less
|
No fee
$1.00
|
Withdrawals
|
One free, $1.00 fee per withdrawal thereafter
|
Interest is accrued daily at Bank of DeSoto current rate, paid quarterly.
|
Now Account
- $1,500.00 minimum deposit to open
- Unlimited withdrawals
- Bank of DeSoto Debit Card
Fees
Daily Balance | Monthly Fee |
$1,500.00 or more
$1,499.99 or less
|
No fee
$15.00
|
Interest paid monthly at current Bank of DeSoto rate, below $1,500.00 no interest paid.
|
Money Market Account
- $2,500.00 minimum deposit to open
Fees
Daily Balance | Monthly Fee |
$2,500.00 or more
$2,499.99 or less
|
No fee
$10.00
|
Withdrawals
|
Three free, $10.00 fee per withdrawal thereafter
|
Interest paid monthly at current Bank of DeSoto rate, below $1,500.00 no interest paid.
|
CDs & IRAs
Certificate of Deposit
- $2,500.00 minimum deposit to open
- Available from 1 month to 60 months
- Interest available by compounding or by check
- Convenient automatic renewal option
Bank of DeSoto's interest rates on CDs fluctuate with current market conditions. CDs may be written to mature on any date. Please ask our New Account Representatives to quote Bank of DeSoto's rate for the desired maturity.
Federal Regulations require substantial penalty for early withdrawal.
|
Traditional and Roth IRAs
- $2,500.00 minimum deposit to open
- Available from 1 month to 30 months
- Interest available by compounding or by check
- Convenient automatic renewal option
Contributions for IRAs are deposited in Bank of Desoto in time deposits. The IRA contribution limit does not apply to Rollover contributions. Please ask our New Account Representatives to quote Bank of Desoto's rate for the desired maturity.
Balances less than $500.00 will not receive interest.
Federal Regulations require substantial penalty for early withdrawal.
|
CONSUMER ACCOUNT DISCLOSURES
|