Savings

View Our Personal Savings Rates

Criteria
 Passbook Savings
†		 Kid's
Club
††		 Tiered Statement Savings
†††		 Christmas
Club
††††
Opening Balance $10 $10 $10 $1
Minimum Balance $100 $10 $100.00
average
monthly		 $1
Interest Bearing check mark check mark check mark check mark
ATM Card     check mark  
E-Statement     check mark  
Online Banking check mark check mark check mark check mark
Monthly Service Charges $2
< $100		   $2
< $100		  
Fees may reduce earning on account check mark   check mark  

Important Disclosures

All initial accounts must be opened in person by the primary account holder. Proper identification is required to open any account. We use the daily balance method to calculate the interest. This method applies a daily periodic rate to the principle in the account each day. Interest begins to accrue on the business day you deposit and will be paid to the date of withdrawal. Current rates will be posted in our lobby or can be obtained by calling 217-347-7173. Your interest rate and APY may change at our discretion.

† PASSBOOK SAVINGS: Passbooks must be presented for withdrawals. No fee is charged if you maintain a $100.00 average monthly balance. You will be charged a $2.00 monthly fee if your average balance falls below $100.00. Account closing fee (within 90 days of opening) - $25.00. Interest is compounded daily and credited quarterly on Jan. 31, April 30, July 31, and Oct. 31.

†† KID'S CLUB: Passbooks must be presented for withdrawals. A Savings Bee Bank is given to account holder at opening. Account holders will receive a Savings Bee birthday card each year (until age 12), including a Savings Bee Buck. Savings Bee Bucks can only be deposited into a Kid’s Club Account. Interest is compounded daily and credited quarterly on Jan. 31, April 30, July 31, and Oct. 31.

††† TIERED STATEMENT SAVINGS: No fee is charged if you maintain a $100.00 average monthly balance. You will be charged a $2.00 monthly fee if your average balance falls below $100.00. Interest rate and annual percentage yield is tiered and may change at our discretion. The interest rate earned depends on the daily balance in your account. The interest is compounded daily and credited monthly. Personal accounts only.

†††† CHRISTMAS CLUB: Your interest rate and annual percentage yield will remain in effect until Christmas Club Checks are issued. Interest is compounded daily and credited annually. Deposits of at least $1.00 may be made at any time. No withdrawals are permitted. The balance in your account plus the accrued interest will be mailed after October 25th each year.