Current rates 
 
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
  •  
     
    Savings 
     
  • $5.00 minimum balance required
  • Interest compounded daily and paid quarterly, rates may change daily
  • Quarterly statement issued
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    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. 

  • $5.00 minimum balance required to open account
  • Interest compounded daily and paid quarterly, rates may change daily
  • Receive a free Kids Club t-shirt when you open an account
  • Pick a treasure out of the Kid's Club treasure chest each time you make a deposit
  • Quarterly statement issued
  •  
    Visit our Kids Zone for fun and games! 

    Christmas Savings Account 
     
    Plan ahead for your holiday expenses with a Glenwood State Bank  
    Christmas Savings Account! 

  • $5.00 minimum deposit to open
  • Earn a premium rate on your investment (maximum balance of $1,500)
  • Interest accrued daily and credited annually
  • Flexible options for periodic deposits to build your savings
  • Funds disperse in a lump sum on November 15th each year, just in time to start your Christmas shopping!
  • Limit one account per customer
  • FDIC
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