Accounts
Checking
We offer interest bearing and noninterest bearing accounts. We require that you open the account with $100 or more. A monthly service charge of $8.00 will be imposed every statement cycle if the balance falls below $500.00 any one day of the statement cycle. You may avoid this charge by maintaining a $500.00 balance in any other account. Interest rates may change at our discretion, please call for current rates.
Money Market Checking
Our money market account is an interest bearing account, requiring a $2,500.00 minimum balance.
Savings
We offer a traditional savings account. We require the account to be opened with $50.00 or more. There is no service charge for an active savings account. Interest is compounded daily and posted to the account quarterly.
CD's
Morganton Savings Bank offers a variety of certificates of deposit with maturities that range from 1 year to 5 years. Please call or come by our office for competitive interest rates. Interest is compounded daily and posted quarterly to your account. This is a flexible yet secure way to invest for your future.
IRA’s
- $500.00 minimum to open
- Insured up to $250,000.00 by the FDIC.
- Interest compounded daily.
- Automatic renewals at maturity.
- Quarterly statement.
- For rates on this product, please call or come by our office.