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Personal Savings Accounts

Save more with account solutions for all life stages at Magnolia Bank.
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Our Savings Accounts

Savings Account

A traditional savings account that earns interest.
  • Minimum opening deposit of $50
  • $200 minimum daily balance requirement
  • $5 maintenance fee if daily balance falls below required daily minimum at any time during the statement cycle
  • Maintenance 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 maintenance 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
  • Interest earned on a tiered rate structure

Money Market

A premium account solution that earns greater interest.
  • Minimum opening deposit $50
  • $2500 minimum daily balance requirement
  • $10 maintenance 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

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Certificates of Deposit

Whether you're a short or long-term saver, there's a CD account for you. Enjoy various term options with fixed rates and earnings that aren’t affected by changes in the market.
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Swipe-N-Save

Use Swipe-N-Save to save more with each debit card purchase rounded up to the nearest dollar and the difference automatically transferred to your savings account.
Child putting money in piggy bank

Student Saver CD

A twist on the traditional Certificate of Deposit account available to minors and full-time students up to age 23.
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Individual Retirement Accounts

Take the worry out of investing with a Traditional, Roth, or SEP IRA and flexible term options that range from three months to five years.
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CDARS

Join thousands of safety conscious institutions by investing in a CDAR – the easiest way to access multi-million-dollar FDIC insurance through Magnolia Bank.
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Online Banking

Enroll in online banking and enjoy features that matter to you. See statements, monitor activity, pay bills, view checks or transfer funds in just a few clicks.