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SAVINGS
| With a Claxton Bank savings account, you can be sure that your hard-earned money is in good hands. We provide easy and safe accounts that may also be tied to your checking account for overdraft protection in order to avoid OD/NSF fees. Whether saving for your child's education, or planning for the unexpected, The Claxton Bank has an options to help you manage your money. |
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Click here to apply for a savings or checking account.
- $25 opening balance required
- NO monthly maintenance fee
- NO minimum balance
- FREE Online Banking
- Three withdrawals permitted per quarter
- $5 charge for each withdrawal in excess of three per quarter
- Unlimited deposits
- $1,000 opening balance required
- FREE Online Banking
- No monthly maintenance fee if minimum balance of $1,000 is maintained
- If minimum balance is not maintained, maintenance fee of $5 will be assessed and interest rate will be that of our regular savings
- Six withdrawals permitted per statement cycle, a $5 charge for each withdrawal in excess of six per statement cycle (in person withdrawals or transfers do not count towards this limit)
- $50,000 opening balance required
- FREE Online Banking
- No monthly maintenance fee if minimum balance of $1,000 is maintained
- If minimum balance is not maintained, service fee of $5 will be assessed and interest rate will be that of our regular savings
- Six third party or preauthorized transfers per cycle, three of which may be made by check of draft
- $5 charge for each withdrawal in excess of six per month
We offer a full range of longer term savings products to ensure your financial security.
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- Terms range from 91 days to five years
- Minimum to open range from $100 to $2,500 depending on term
- Rates vary according to length of term
- Interest can be paid monthly, quarterly, semi annually, annually, or at maturity
- Automatic certificate renewal available
- Interest may be reinvested, deposited into another account, or paid by check
- CDs may be used as collateral on loans
- All CDs & IRAs are subject to penalty for early withdrawal
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- Traditional, Roth, and Educational IRAs as well as SEPs
- Minimum to open is only $500
- Traditional IRA contributions are tax deferred until withdrawal
- Contributions to Traditional IRAs may be tax deductible
- All earnings on Roth IRA are tax free upon withdrawal
- Withdrawals from IRAs will likely incur penalties prior to age 59½
Choosing the right IRA plan is specific to your financial circumstances. We can help you select the best plan for your future
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* In the event of an overdraft a nominal transfer fee is charged.
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