Regular Passbook Savings
- $5.00 minimum balance required
- Interest compounded daily and paid quarterly, rates may change daily
- Quarterly statement issued
Kid's Club Savings
 SAVING MONEY CAN BE FUN!!! All kids 12 and under can become members of the Glenwood State Bank Kid's Club. Kid's Club members can enjoy special events and drawings. Ask about the Kid's Club and the benefits.
For kids 12 and under
- $5.00 minimum balance required to open account
- Interest compounded daily and paid quarterly, rates may change daily
- Receive a free T-shirt when you open an account
- Quarterly statement issued
- For current rates, see the passbook savings rate on the Bank Rates page
Money Market Savings
- $2,500 minimum initial balance
- $2,500 minimum daily balance for "money market" rates (rates may change daily)
- Interest paid on collected balance & compounded monthly, (rates may change daily)
- If balance falls below $2,500 daily balance, interest rate changes to passbook rate
- Higher interest rates paid for balances over $10,000, $50,000, $100,000 and $200,000
- Monthly statement issued
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