Personal Savings Accounts

At Deerwood Bank we have built a group of savings plans for you to choose from based on your specific saving needs.

• Thrift Savings  Start saving here.
  Maintain a balance of only $50 throughout the month and earn interest with no service charge.  $2 monthly fee will apply if balance falls below $50. Interest compounds quarterly based on daily balance method.
• Regular Savings    Have more to save? 
  This account earns a competitive rate of interest with no service charge when a minimum balance of $200 is maintained daily.  $2 monthly fee will apply if balance falls below $200. Interest compounds quarterly based on daily balance method.
• Super Savers   
  Earn higher rates for accounts with a daily balance in excess of $1,000.  $15 monthly fee will apply if balance falls below $1,000. Interest compounds monthly based on daily balance method.
• First Preferred Savings   Our premier savings account. 
  Earn a rate based on current money market yields on account balances in excess of $20,000. Interest compounds monthly based on daily balance method.

Click Here to apply.

Click here for printable application.

CD's:

Deerwood Bank offers...

• 6 month to 36 month maturity   options based on availability
• Competitive interest rates
• Several interest payment options
• Substantial penalty for early withdrawl.

IRA's:

ROTH IRA:

This option allows you to withdraw funds without taxation on qualified distributions. Ask how a ROTH IRA might be perfect for you!

TRADITIONAL IRA:

This option allows you to make tax-deductible contributions (in most cases) with tax-deferred earnings.

Visit the IRA Service Center