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Savings

There are a lot of reasons people save. No matter what you’re saving for, we’re here to help keep your money safe and secure until you’re ready to use it.

Savings Account

 

The Callaway Kids Bank

Kids Bank LogoThe Callaway Kids Bank is designed to teach kids 17 and younger the importance of saving money at an early age.   It is our goal to help teach them wise financial skills that will prepare them in providing the lifestyle they “choose” for themselves and their families someday rather than having to “settle”.

To open your very own savings account, you’ll need to bring your birth certificate, social security card and at least $5.00. An adult will also need to be on the account with you. They will need to provide a valid driver’s license, passport or military ID.

  • $5 initial deposit to open the account
  • No minimum balance required
  • Must also have an adult on the account
  • Interest is compounded and paid quarterly. These accounts earn the same interest as regular savings accounts.

To learn all the details about the benefits and offers click here!

 

U.S. Savings Bonds

You can redeem savings bonds at any Callaway Bank lobby location.  Bonds are great for gifts or setting aside money for a child’s college fund.

Savings bonds are now only sold by the US Government online.  Visit the Treasury Direct website.

 

Money Market & CD’s

Flex Money Market

– $2,500 initial deposit to open the account
– Minimum balance of $1,000 required
– Interest bearing
– Interest is compounded and credited to your account monthly
– Checks are available for a fee
– Certain per-check fees and transaction limitations may apply depending on your monthly account activity. Talk to a personal banker for current interest rate information or for more details regarding this account.

Premium Money Market

– $5,000 initial deposit to open the account
– Minimum balance of $5,000 required
– Interest bearing
– Interest is compounded and credited to your account monthly
– Checks available for a fee
– Certain per-check fees and transaction limitations may apply depending on your monthly account activity. Talk to a personal banker for current interest rate information or for more details regarding this account.

Signature Money Market

– $10,000 minimum to open
– Minimum balance of $10,000 required
– Provides higher rates for deposits over $100,000
– The Signature Money Market will earn more interest than the Flex Money Markets.
– Interest bearing
– Interest is compounded and credited to your account monthly
– Checks are available
– Certain per-check fees and transaction limitations may apply depending on your monthly account activity. Talk to a personal banker for current interest rate information or for more details regarding this account.

CD

CD

Long and short term CDs offer higher earnings than a regular savings account. Manage your earning by combining your choice of time commitment, deposit amount, and either a fixed rate or our popular “Bump” CD. With competitive interest rates, Callaway Bank CD’s is a great way to invest and earn on your extra money. Minimum to open a CD is $500.

View Transaction Limitations and Fees for Money Markets

Serving Mid-Missouri with 9 locations

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