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Personal Savings Accounts


Regular Savings Account

This account pays the current rate of interest which is compounded and paid quarterly. An excess withdrawal fee will be assessed on each transaction exceeding three per quarter. If the average daily balance falls below $100.00 during a statement cycle, your account is subject to a $1.00 minimum balance fee. A minimum deposit of $100.00 is required to open this account.

Moola Moola Savings Account

This account is for children through 13 years of age. There is a $25 minimum deposit required to open this account. It pays the current rate of interest which is compounded and paid quarterly. Children receive a stamp for each $5 deposit which can be accumulated and traded in increments of 10 stamps for Moola merchandise. (Please see separate Moola Account Info Sheet for description of merchandise). An excess debit fee of $1 will be charged for every transaction over 3 per calendar quarter.

Certificate of Deposit Account

Bank of Edmonson County can structure a Certificate of Deposit from 30 days to five years to fit your individual needs. We offer competitive fixed or variable rate certificates. Minimum deposits for these accounts are $500. There may be a penalty for early withdrawal. All Certificate of Deposit accounts are insured by FDIC for the maximum allowed by law.

Individual Retirement Accounts

An IRA is a special savings plan that lets you put aside money you earn today to be used later for your retirement. Depending on your income, your income tax liability on those funds may be deferred. Interest earnings are not taxed until withdrawal (penalty for early withdrawal). We offer traditional, roth and education IRAs. We offer IRA certificates with a fixed or variable rate. A minimum balance of $100 is required. Call us for details.

Christmas Club

A Bank of Edmonson County Christmas Club Account is an ideal way to save for Christmas shopping. In November, you'll receive a check for the amount you deposited plus interest - Just in time for Christmas shopping. Interest will be credited to your account annually.