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Savings Accounts, CDs and IRAs

Home Personal Savings, CDs, IRAs

Savings Options for Your Future

It’s never too early to learn about the importance of saving your money. A strong savings can make sure you’re ready if you face an unexpected expense or if you want to make sure you’re taken care of in your retirement. With several different options available for savings accounts, CDs and IRAs, Exchange Bank of Northeast Missouri helps you be prepared for what the future holds.

Savings Accounts

Saving money means you’ll need a solid savings account. A Regular Savings account from Exchange Bank of Northeast Missouri helps your money grow while giving you quick access to those funds if you need it. You can also make sure you have enough cash for holiday shopping with our Christmas Club account that helps you save throughout the year.

  • Regular Savings Account
    • $25 to open
    • Earn interest on balances of $60 and over
    • Six (6) preauthorized transfers or withdrawals per monthly statement cycle
    • 18 fee-free withdrawals per quarter
  • Christmas Club Savings Account
    • Just $1 to open
    • No service charge
    • Interest is added to the account on the last day of the activity period
    • Checks mailed or direct deposited into an Exchange Bank of Northeast Missouri account for the entire balance the third full week of October
    • Withdrawals are not allowed

CDs- Grow Your Money with Security

A CD, also known as a certificate of deposit, from Exchange Bank of Northeast Missouri is a great way to securely grow your money by limiting your access. CD accounts at Exchange Bank:

  • Require a minimum deposit of $500 to open
  • Are available in terms from 6 months to 60 months
  • Give you a strong return on initial deposit
  • Safe – FDIC insured to the maximum permitted by law

Individual Retirement Accounts (IRAs)- Prepare Yourself for Retirement

Make sure you’re ready for retirement with an IRA from Exchange Bank of Northeast Missouri. We offer Traditional IRAs and Roth IRAs, as well as Simplified Employee Pension (SEP) IRAs to give you a wide range of options in choosing how to save for your retirement.

Choosing to contribute to your IRA means you will earn tax deferred interest to work to your advantage so you have plenty of money saved for your retirement.

Each type of IRA comes with its own tax implications. Please consult your tax advisor with any tax-related questions. You can speak with a financial service representative from Exchange Bank for more information about the IRAs we offer.

Find Your Savings Solution Today

It’s always a good idea to have money saved away. To open a savings account, CD or IRA with Exchange Bank, stop in at one of our offices.