Savings and Money Market Accounts
The Bank of Cashton is currently offering the following deposit interest bearing accounts to fit your needs.
A Personal Savings Account is a great way to meet your financial goals. The convenience and flexibility of our savings accounts offer security for life-long saving, regardless of the goal.
This product is for those people who are looking for an FDIC insured account that offers competitive interest rates on low account balances. This is a great option for first-time savers or anyone who wants convenient access to their money while it earns interest. Interest is credited to this account quarterly.
MONEY MARKET ACCOUNT
For those investors that are looking for a higher interest rate than a savings account and an account which would keep savings instantly available, our Money Market account is the investment for you. You may deposit or withdraw your money anytime, in any amount. However, during any calendar month or statement cycle of at least four weeks, you may not make more than six withdrawals or transfers to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction. The six transfers may be made by check, draft, debit card (if applicable) or similar order to a third party. If you exceed the transfer limitations set forth above in any statement period, your account will be subject to closure by the Bank of Cashton. A Service Charge of $5.00 will be imposed every statement cycle if the daily balance on any day of the statement cycle falls below $1,000. You must maintain a minimum daily balance of $1,000 in the account each day to obtain the disclosed annual percentage yield. Interest is credited to this account monthly.
CHRISTMAS CLUB ACCOUNT
Saving for the holidays has never been easier. Set up a secure and convenient Christmas Club Account and start saving for your next holiday shopping trip. No minimum opening deposit required.
For current rates and Annual Percentage Yields on these accounts, please see the rates page.