At Mound City Bank, We're Proud To Be Here For You, with an attractive selection of services
Simple & convenient
w FREE Debit Alerts.
w FREE Online Banking Access.
w E-Statement only account.
w FREE Financial Planning Review.
Minimum balance to open the account - You must deposit $25.00 to open this account.
Savings for all generations
At our discretion, your interest rate and annual percentage yield may change at any time.
Compounding and Crediting Frequency
Interest will be compounded and credited to your account every month.
Minimum Balance to Open
You must deposit $5.00 to open this account.
Minimum Balance to Avoid Fees
A monthly maintenance fee of $3.00 will be imposed every statement cycle if the balance in the account falls below $100.00 any day of the cycle. The maintenance fee is waived for customers under 18, and 62 and better, or prearranged payroll savings plans.
Daily Balance Computation Method
We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Accrual of Interest on Noncash Deposits
Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).
Transfers from a Statement Savings account to another account or to third parties by preauthorized, automatic, telephone, or computer transfer are limited to six per statement cycle with no more than three by debit card or similar order to third parties.
A per service-chargeable debit fee of $0.75 will be charged for each transaction in excess of the above limitations.
w Unlimited withdrawals or transfers are allowed if made in person or at an ATM.
w CHECKMATE debit card available with qualified checking account, or ATM card.
For all student loans, please contact the financial aid office at your intended school.