Personal Savings Accounts
Save more with account solutions for all life stages at Magnolia Bank.
Open a Personal AccountOur Savings Accounts
Savings Account
A traditional savings account that earns interest.
- Minimum opening deposit of $50
- $200 minimum daily balance requirement
- $5 monthly service fee if daily balance falls below required daily minimum at any time during the statement cycle
- Limited to four withdrawals and/or transfers per four week or similar period (Excess Item Fee per item assessed if limit exceeded)
- Interest earned on a tiered rate structure
Young Savers
An savings solution for children opening their first account.
- Minimum opening deposit $50
- No minimum daily balance requirement
- No monthly service fee
- Limited to four withdrawals and/or transfers per four week or similar period (Excess Item Fee per item assessed if limit exceeded)
- Available to minors with custodial access
Money Market
A premium account solution that earns greater interest.
- Minimum opening deposit $50
- $2500 minimum daily balance requirement
- $10 monthly service fee if daily balance falls below required daily minimum at any time during the statement cycle
- Limited to six withdrawals and/or transfers per four week or similar period (Excess Item Fee per item assessed if limit exceeded)
- Interest earned on a tiered rate structure
Thrive Savings
Built to help students and young adults Thrive.
- Available for ages 12-24
- Parent or legal guardian required as joint owner for customers under 18
- $10 minimum opening deposit
- Interest bearing savings account
- $wipe N $ave automatically included when bundled with Thrive Checking
- Earn Milestone Rewards
- Learn More
Magnify Savings
Designed to meet you where you are.
- Available for ages 18+
- $50 minimum opening deposit
- $5 monthly service fee waived when paired with Magnify Checking
- $wipe N $ave automatically included when bundled with Magnify Checking
- Learn More
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