Savings Accounts

Whether you are saving for a vacation, planning for those unexpected medical expenses, or just putting it away for a “rainy day,” McClave State Bank has a savings account that’s right for you.  Call or come in today for current rates and terms.  Each depositor is insured to at least $250,000.00.

Regular Savings Account

  • Minimum deposit to open account is $25.00
  • Free Online Banking
  • Competitive interest compounded and credited quarterly
  • Certain types of withdrawals and transfers on this account are limited to six per month.

Money Market Account

  • Waive monthly maintenance fee on $2,500.00 minimum balance
  • If account balance falls below $2,500.00 minimum balance, a monthly maintenance fee of $15.00 will apply for that month
  • Monthly statement including images via United States Postal Service
  • Free Online Banking
  • Minimum deposit to open account is $2,500.00
  • Certain types of withdrawals and transfers on this account are limited to six per month

Health Savings Account (HSA)

A Health Savings Account is a personal savings account, specifically designed to work in conjunction with a high-deductible health insurance plan, which allows you to pay for a wide array of medical expenses with pre-tax dollars.  Since the account is not based off a “use it or lose it” requirement, your unused HSA dollars will accumulate tax-deferred for future healthcare expenses.  Call us for more information and to see if you qualify.

  • Minimum deposit to open account is $50.00
  • No monthly maintenance fee
  • No per item charge
  • Free Online Banking
  • Free monthly statement
  • Debit Card Available (with approved credit)
  • Competitive interest compounded and credited quarterly

**Please contact us for our current competitive interest rates**
**Annual Percentage Yield based on $1,000 daily balance**

***Other Account Information***

  • Interest Rate and Annual Percentage Yield may change.  At our discretion, we may change the interest rate for your account at any time.
  • You must maintain a minimum balance of $1,000 in the account each day to obtain the Annual Percentage Yield listed.
  • The daily balance method is used to calculate the interest on your account.  The daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.  The period we use is a statement month.
  • Daily Balance means actual current balance for each day.
  • Interest begins to accrue on the business day you deposit cash and non-cash items (i.e.:  checks).
  • Interest will be compounded and paid to your account monthly when your statement is cycled. 
  • You must purchase checks.  Prices vary.  Checks are available either by contacting us directly or through the link on our website. 
  • Transactions presented after 3:00 p.m. will be posted on the next business day.