Savings, CDs & IRAs

e-Z Savings

Simplify your savings with our e-Z Savings Account. Open this online-only account with as little as $100 and watch your money grow with competitive rates and 24/7 account access.

Features

Interest is calculated on the daily collected balance and added to the account monthly at statement time
FREE Online Banking
FREE Mobile Banking
You are allowed 6 withdrawals per quarter at no charge
FREE 24-Hour Telephone Banking (654-1516)
e-Statements required
Fees may reduce earnings on the account
Rates may change after the account is opened

Rates

Effective Date: Wednesday, January 15, 2025

Savings
Interest Rate	APY*	Minimum To Open	Minimum To Obtain APY
0.45%	0.45%	$100	$100

*APY = Annual Percentage Yield.
These rates may change after the account is opened. Fees may reduce earnings in these accounts.

e-Statements are required. No service charge if account balance remains above $100 during the quarterly statement period. $5 service charge is charged only if the balance falls below $100 during the quarterly statement period. You are allowed 6 withdrawals per quarter at no charge. There will be a fee of $5 for each thereafter. $0.30 fee will be charged for each item deposited in excess of 20. $100 is required to open the account. Internet or phone transfers are limited to six per month as per government regulations. Excessive transfers will subject the account to being closed.

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Regular Savings

Our Regular Savings account offers convenient and secure access to your money. Maintain a minimum balance of $100 to obtain the APY and avoid the monthly service charge.

Features

Interest is calculated on the daily collected balance and added to the account monthly at statement time
FREE Online Banking
FREE Mobile Banking
Statements without electronic items are mailed quarterly
You are allowed 6 withdrawals per quarter at no charge
FREE 24-Hour Telephone Banking (654-1516)
Optional e-Statements
Fees may reduce earnings on the account
Rates may change after the account is opened

Rates

Effective Date: Wednesday, January 15, 2025

Savings
Interest Rate	APY*	Minimum To Open	Minimum To Obtain APY
0.45%	0.45%	$100	$100

*APY = Annual Percentage Yield.
These rates may change after the account is opened. Fees may reduce earnings in these accounts.

No service charge if account balance remains above $100 during the quarterly statement period. $5 service charge is charged only if the balance falls below $100 during the quarterly statement period. You are allowed 6 withdrawals per quarter at no charge. There will be a fee of $5 for each thereafter. $0.30 fee will be charged for each item deposited in excess of 20. $100 is required to open the account. Internet or phone transfers are limited to six per month as per government regulations. Excessive transfers will subject the account to being closed.

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Christmas Savings

Save for the holidays or another special occasion with our Christmas Savings account. Beginning every October, you can open an account with as little as $100 and watch your money grow on this dividend bearing account. Then, after September 30th, we'll disburse your funds just in time for holiday shopping!

Features

Interest is calculated daily on the collected balance and added to the account on September 30th
Money may be automatically transferred from a Bank of Zachary account
Statements are mailed annually as of September 30th
Withdrawals in the form of cash or a check are allowed after the program ends on September 30th or we will transfer the balance into your checking account for you
Account number stays the same each year
Rates may change after this account is opened

Rates

Effective Date: Wednesday, January 15, 2025

Savings
Interest Rate	APY*	Minimum To Open	Minimum To Obtain APY
0.45%	0.45%	$100	$100

*APY = Annual Percentage Yield.
These rates may change after the account is opened. Fees may reduce earnings in these accounts.

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Certificates of Deposit

Grow your savings with a rate you can count on. We offer several different maturities to help you meet your financial goals.

Features

Competitive rates
$2,500 minimum balance to open and obtain APY
No monthly service charge
Terms from 30 days to 60 months
Automatic renewals
FDIC insured, up to the allowable limits

Rates

Effective Date: Wednesday, January 15, 2025

Certificates of Deposit
	Interest Rate	APY*	Minimum To Open	Minimum To Obtain APY
30 Days	0.50%	0.50%	$2,500	$2,500
90 Days	0.55%	0.55%	$2,500	$2,500
6 Months	0.85%	0.85%	$2,500	$2,500
12 Months	1.50%	1.51%	$2,500	$2,500
18 Months	1.55%	1.56%	$2,500	$2,500
2 Years	1.75%	1.76%	$2,500	$2,500
3 Years	2.05%	2.07%	$2,500	$2,500
4 Years	2.35%	2.37%	$2,500	$2,500
5 Years	3.00%	3.03%	$2,500	$2,500

*APY = Annual Percentage Yield.
Note:These rates may change at any time without prior notice.
For CDs, the interest rate is fixed for the term. A penalty is imposed for early withdrawal. Fees could reduce earnings on the account.
These CDs automatically renew.

CD interest rates are fixed for the term. A penalty is imposed for early withdrawal. Fees could reduce earnings on the account. All CDs automatically renew at maturity.

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Individual Retirement Accounts

Invest in the future with an Individual Retirement Account. We offer Traditional, Roth, and Coverdell Education Savings Accounts to help support your retirement and education planning needs.

Features

Competitive rates
$500 minimum balance to open and obtain APY*
No monthly service charge
Terms from 12 months to 60 months**
Automatic renewals
Classified as a Certificate of Deposit
FDIC insured, up to the allowable limits

Rates

Effective Date: Wednesday, January 15, 2025

IRA Rates
	Interest Rate	APY*	Minimum To Open	Minimum To Obtain APY
1 Year	1.50%	1.51%	$500	$500
1 Year Variable**	1.50%	1.51%	$500	$500
18 Months	1.55%	1.56%	$500	$500
2 Years	1.75%	1.76%	$500	$500
3 Years	2.05%	2.07%	$500	$500
4 Years	2.35%	2.37%	$500	$500
5 Years	3.00%	3.03%	$500	$500

*APY = Annual Percentage Yield.
** Variable IRA interest rate may change at any time after the account is opened.
Note: These rates may change at any time without prior notice.
For IRAs, the interest rate is fixed for the term. A penalty is imposed for early withdrawal. Fees could reduce earnings on the account.
These IRAs automatically renew.

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