Main Post

Personal Savings Accounts

Regular Savings Account

This account pays the current rate of interest which is compounded and paid quarterly. Regulations allow you to make a maximum of 6 "covered transactions" within a statement cycle. Covered transactions include checks, withdrawals or transfers per phone or internet, checks, preauthorized ACH transfers or preauthorized transfers to cover overdrafts. 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 traded for Moola merchandise. Regulations allow you to make a maximum of 6 "covered transactions" per month. Covered transactions include withdrawals & transfers per phone or internet, preauthorized ACH transfers or preauthorized transfers to cover overdrafts.

Bonus Information. Stamps received for each $5 deposit may be accumulated in order to earn Moola merchandise. All Moola merchandise is valued at less than $10.00 per item with the exception of one small Moola duffle bag, which is valued at slightly more.


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.