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Savings

Whether you're just getting started or you've already been saving, Bank of Bolivar has the perfect money market or savings account to help you reach your financial goals.

 

Ultimate Saver Account
  • Companion product to our Ultimate Free Checking (UFC) account.  IMPORTANT NOTE:  this account may be opened ONLY by existing Ultimate Free Checking customers and will be “tied to” their existing UFC account.
  • Saver account earns high interest when companion UFC account qualifies for high interest; Saver account still earns a base interest rate when companion UFC account does not qualify for high interest.
  • UFC rewards (interest and nationwide ATM fee refunds, when applicable) are automatically transferred from companion UFC account into Saver account at the end of each monthly statement cycle.
  • No minimum balance requirement.
  • No monthly fees.
  • Personal accounts only.
  • Free online account access for personal accounts.
  • Interest is paid and compounded monthly using the daily balance computation method.
  • $100 deposit will open this account.
  • Free Mobile Banking by internet-capable smartphone (messaging fees may apply, depending on your mobile plan).
  • Free E-statements are required.  If customer does not enroll in E-statements (through their free online banking) within 90 days, account may be converted to a “Statement Savings Account.”  Important Note:  For security purposes, online banking is deactivated if a customer does not login at least once every 180 days.  If deactivation occurs, E-statements will discontinue and this will affect qualification for Premium rewards with Ultimate Free Checking and Ultimate Saver.
  • Free 24 Hour Banking information line.
  • For more information, go to  www.ultimatebankaccounts.com

 

Statement Savings Account

  • $100 minimum balance waives monthly service charge of $2.00. (No minimum balance required for minors).
  • 6 free withdrawals each month.
  • $2.00 per withdrawal in excess of 6.
  • Quarterly descriptive statement.
  • Free online account access.
  • Interest is paid and compounded monthly using the daily balance computation method.
  • $100 deposit will open this account.
  • ATM Card available.
  • 24 Hour Banking information line.



Money Market Account
  • $1000 minimum balance waives monthly service charge of $10.00.
  • 6 free withdrawals per statement cycle of which only 3 can be checks. $2.00 per withdrawal in excess of 6.
  • Monthly descriptive statement with images of checks returned.
  • Free online account access.
  • Interest is paid monthly using the daily balance computation method.
  • $1000 deposit will open this account.
  • 24 Hour Banking information line
  • Interest rate varies according to the following tier levels:
    • $1000 -$24,999.99
    • $25,000 - $49,999.99
    • $50,000 and above

 

Christmas Club
  • An interest-earning, short-term savings account.
  • $5 deposit will open this account.
  • Pays interest compounded annually.
  • Annual descriptive statement.
  • May specify automatic transfers of specified amounts at regular intervals from checking to club account.
  • Statement account booklet supplied at opening of account.
  • Checks issued prior to Thanksgiving.

 

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