Personal Savings Accounts
Save more with account solutions for all life stages at Magnolia Bank.
Our 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
- Monthly service fee waived for full time students under 23
- Limited to four withdrawals and/or transfers per four week or similar period (excess withdrawal 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 withdrawal 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 withdrawal fee per item assessed if limit exceeded)
- Interest earned on a tiered rate structure
Additional Services
