Savings Accounts

Rates effective:

Consumer Savings Account

Don’t need the ability to write a check and want to earn a higher interest rate? Consider a savings account.

  • Interest bearing
  • Low minimum balance of $50
  • No fees if less than 6 transaction in a statement cycle
  • Discounted Loan Rates
Account Min to Open Interest Rate APY
Statement Savings $50.00 0.3% 0.3%

Money Market Deposit Accounts (MMDAs)

The safety and security of a savings account with the ability to write a limited number of checks.

Min to Open Max Balance Interest Rate APY
$2,500.00 $2,499.99 0.3% 0.3%
$2,500.00 $9,999.99 0.3% 0.3%
$10,000.00 $10,000.00 1.05% 1.06%

Account Comparison

FeaturesCheckingSavingsMoney Market Deposit
Minimum Account Balanace No Minimum Balance $50.00 Minimum Balance $2,500.00 Minimum Balance
Account Fee $5.00 Monthly Service Fee unless Daily Account Balance is always greater than $500.00 No Monthly Account Fee No Monthly Account Fee
Maxmium Number of Monthly Withdrawls Unlimited Monthly Withdrawls and Transfers 6 Maximum Monthly Withdrawls and Transfers - $1.50 per withdrawl or transfer after 6 6 Maximum Monthly Withdrawls and Transfers - $1.50 per withdrawl or transfer after 6
Debit Card Yes, $10 Annual Fee Not Available Not Available
Checks Yes, $16.99 and up cost for checks Not Available Yes, $16.99 and up cost for checks
APY 0.15% 0.30% $2,500.00-$9,999.00 = 0.30%
$10,000.00 and greater = 1.05%

Rates may change after account is opened.
Please contact an employee of Beardstown Savings concerning fees which may reduce yields and terms in regard to the above accounts or call (217)323-1400
APY = Annual Percentage Yield
Annual percentage yield means a percentage rate reflecting the total amount of interest paid on an account, based on the interest rate and the frequency of compounding for a 365-day period.