What are your financial goals? The Bank of Powell
offers many different products and competitive rates
to help you achieve the financial security and peace
of mind you are looking for. Whether you are looking
to build or protect your wealth call the Bank of Powell for details on
these and other investments.

Individual Retirement Accounts (IRA’s)
Take advantage of tax savings today and plan for financial
security tomorrow with an individual retirement account. There
are no fees associated with opening an IRA. Call Bank of Powell
today for details.

Try our retirement calculator

Certificates of Deposits (CD’s)
We offer a variety of Certificate of Deposits with different terms and interest rates. For more information please contact one of our Customer Service Representatives.
There is a substantial penalty for early withdrawal on all certificates of deposit.

Now Account Checking-Personal or Single Proprietor
**Interest Bearing
Minimum balance requirement $500
Monthly service charge -0-*
*if the account falls below $500 on any given day during the cycle, you will be charged $5 plus $.25 per item.

Preferred Checking
**Interest Bearing
Minimum balance Requirements $1500
Monthly service Charge -0-*
*if the account falls below 1500 on any given day during the cycle, you will be charged $12.

All checking accounts are subject to a $2 per month dormant fee if no activity for 12 months.

Regular Savings Accounts
No minimum balance required
No monthly service charge
No monthly service charge
Withdrawals in excess of six per quarterly statement cycle will result in a $.50 per item charge.
**Earns Market rate of interest – Rate subject to change.
*Dormant fee, $5 per month if no activity for 36 months with a balance of $50 or less.

Try our savings calculator

Money Market Savings Account
Minimum balance requirement $1000
**Earns Market rate of interest – Rate subject to change
Monthly service charge of $5 if the account falls below $1000 on any given day of the monthly statement cycle.

**Interest rates and annual percentage yield on your accounts may change at any time,

 

Prestige Money Market Savings Account
Minimum Balance Requirement $5000 Monthly Service Charge $12 If account falls below $5000 any day of the month **Interest rate is based on Tiered Rates for the following increments:	$1.00 - $10,000.00 $10,000.01 - $50,000.00 $50,000.01 - UP

Transfers from a money market account to another account or to third parties by preauthorized, automatic, or telephone transfers are limited to six per statement cycle with no more than three of the six by check, draft, debit card, or similar order to third parties. If the transfer limits are exceeded in any month, the account may be subject to closure.

**Rate subject to change