ACCOUNTS


CHECKING

Checking Accounts

Our Checking is a simple account designed for someone just starting out all the way up to the seasoned banker. You can start a new checking account with just $100. By maintaining a balance of $300 or greater, you will not receive a service charge. If at anytime during the statement cycle your balance falls below $300, a one-time service charge will be assessed.

$300 or above - No service charge

Below $300 - $5 service charge

**Monthly service charges are waived for qualifying students and customers ages 60and older.

NOW Accounts

A NOW account is the perfect combination of a checking and savings account rolled into one. Earn interest while having the convenience of unlimited transactions. A minimum of $1,000 is required to open the account and earn interest. If the balance falls below $1,000 anytime during the statement period a service charge of $8 will be assessed for that statement period.

Money Market Accounts

Money Markets are great for those that have minimal transactions, maintain a larger balance and want to earn a higher rate of interest; the larger the balance the higher the interest rate. A minimum of $1,500 is required to open. Preauthorized transactions or withdrawals are limited to 6 per statement period. Debit transactions over 6 will be charged $10 per item. If at anytime during the statement cycle the balance falls below $1,000, a service charge of $8 will be assessed for that statement period.

 

All accounts include standard benefits like Online + Mobile Banking with Bill Pay, Mobile Deposit, Text Message Banking, Cavion Voice Banking and other must-have features.

SAVINGS

Earn interest and watch your money grow when you start saving for your future with a Bank of Old Monroe savings account.

Savings Accounts

Enjoy unlimited deposits and up to 4 free withdrawals per statement cycle at no charge. A minimum of $100 is required to open the account. A monthly service charge of $3 will be assessed if the balance falls below $100.  An excess withdrawal fee of $2 will be assessed for each debit transaction in excess of 4 per month.  Preauthorized transactions or withdrawals are limited to 6 per statement cycle. 

**The $3 monthly service charge is waived for qualifying students and customers age 60 and older.

CD’S & IRA’S

Start saving today, and make the golden years a little more golden.

Certificates of Deposit

A Certificate of Deposit, or CD, is an account that allows you to save over a longer period of time typically earning a higher rate of interest. The Bank of Old Monroe offers CD terms ranging from 91 days to 60 months. The minimum balance to open a CD is $1,000.00

Individual Retirement Accounts

With an Individual Retirement Account (IRA), you can contribute as you go along — the sooner you begin the larger the nest egg at retirement! We offer 6 & 18 month variable rate terms and require a minimum of $1,000.00 to open an IRA.

Bank of Old Monroe offers Traditional, Roth, and Coverdell Educational Savings Accounts. See one of our personal bankers today to discuss options.

CHRISTMAS CLUB

Ever feel like Christmas sneaks up and catches you low on funds? Our Christmas Club account allows you to save small amounts weekly, bi-weekly, even monthly to give you a head start on your Christmas season. The Christmas Club year begins the last week of October and runs thru the third week of the following October.

Here's how it works:

  • Visit any branch to open your new Christmas Club account.
  • Choose the amount and frequency that works for you. You can save $5 monthly or $100 weekly, it's up to you and what your budget allows. You can choose to make deposits to your account or sign up for automatic transfers.
  • Choose how you would like to receive your funds. You have the option of receiving a Christmas Club check in the mail or receiving a direct deposit into your Bank of Old Monroe account of choice.
  • Start Saving!

Come in to open your Christmas club account and start saving today!