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Current Rates

Current rates as of today.

Types Of Accounts

Checking and Savings Accounts


These are variable rate accounts and the rate may change after the account is opened. Minimum opening deposit of $50.00 required.

Account Minimum Deposit to earn APY* Interest Rate** Annual Percentage Yield

Interest Checking

$0.01 0.10% 0.10%

Business Plus Checking

$10,000.00 0.05% 0.05%

Business Pro Checking

$10,000.00  0.10% 0.10% 

Business Sweep Checking

Average Daily Balance – $10,000.01 and above 0.20% 0.20%

Savings Account 

     
  • $0.01 - $9,999.99
  • $10,000.00 - $49,999.99
  • $50,000.00 and above
  • 0.05%
  • 0.10%
  • 0.15%
  • 0.05%
  • 0.10%
  • 0.15%

Young Saver  

$0.01 0.20% 0.20%

Money Market  

   
  • $2,500.00 - $49,999.99
  • $50,000.00 - $99,999.99
  • $100,000.00 - $249,999.99
  • $250,000 and above
  • 0.15%
  • 0.25%
  • 0.35%
  • 0.45%
  • 0.15%
  • 0.25%
  • 0.35%
  • 0.45%

Business Money Market

   
  • $2,500.00 - $49,999.99
  • $50,000.00 - $99,999.99
  • $100,000.00 - $249,999.99
  • $250,000 and above
  • 0.10%
  • 0.15%
  • 0.25%
  • 0.35%
  • 0.10%
  • 0.15%
  • 0.25%
  • 0.35%

Certificates of Deposit


Term Minimum Deposit to earn APY* Interest Rate** Annual Percentage Yield
6 Month $500.00 .40% .40%
12 Month  $500.00 1.29% 1.30%
1 Year Student Saver              $100.00 .50% .50%
18 Month $500.00 .25% .25%
24 Month $500.00 2.28% 2.30%
36 Month  $500.00 .25% .25%
48 Month  $500.00 .25% .25%
60 Month  $500.00 .25% .25%

Individual Retirement Accounts


Term Minimum Deposit to earn APY* Interest Rate** Annual Percentage Yield
6 Month $500.00 .40% .40%
12 Month  $100.00 1.29% 1.30%
18 Month $100.00 .25% .25%
24 Month $100.00 2.28% 2.30%
36 Month $100.00 .25% .25%
48 Month $100.00 .25% .25%
60 Month $100.00 .25% .25%

If you are an existing Magnolia Bank customer and your account has not been changed to a product listed above please contact us at 270-358-3184 or one of our banking centers for rate information on your account.

*Annual Percentage Yield. Fees could reduce earnings on the account. Early withdrawal penalties may be imposed. ** Rates are subject to change at any time.