Bank of Monticello - Savings Accounts


Big Bank Services, Small Town Personal Attention

Safe and Secure Online Banking
Mobile Banking
Loan Finder

Savings Accounts

Passbook Savings Accounts

  • No minimum balance
  • Interest earned on accounts with balances of $100 or greater*
  • Interest is compounded and paid quarterly *
  • $.50 service charge for each debit transaction in excess of 6 per month.
  • Free Online Banking

Christmas Club and Vacation Club Accounts

  • Weekly savings plan, $100 per week maximum
  • The bank pays accrued interest on the account when checks are issued*
  • Christmas Club checks are issued in October
  • Vacation Club checks are issued in April

Certificates of Deposit

  • Competitive Interest Rates
  • Terms from 91 days to 5 years
  • Current rates and terms are posted in our lobby
  • Interest penalty for early withdrawal

Individual Retirement Accounts (IRAs)

  • Traditional IRAs and Roth IRAs
  • These savings plans offer special tax benefits
  • Increase your financial security for retirement
  • Current rates and terms are posted in our lobby*
  • Limitations on contribution amounts and penalties for early withdrawal are determined by law

* The interest rate on these accounts is determined by bank policy and is subject to change periodically 

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