SAVINGS

STATEMENT SAVINGS

  • $150 minimum deposit to open
  • Interest compounds daily and is credited quarterly
  • $2/month service charge if balance falls below $150 any day of the month
  • Monthly service charged waived for:
    • Minors (less than 18 years old)
    • Senior Citizens (62 years old and older)
    • Not-for-profit organizations
    • Average daily balance of $1,000 or more
  • Maximum of six (6) debits per month by law
  • Excess debit fee $2 each
  • $2 per transaction fee at Non-Kentland Bank ATM's

MONEY MARKET SAVINGS

  • $2,500 minimum deposit to open
  • Interest compounds daily and is credited monthly
  • Maximum of six (6) debits per month by law
  • Excess debit fee $10 each
  • $2 per transaction fee at Non-Kentland Bank ATM's
Minimum Daily Balance                           Monthly Service Charge
$ 0.00 - $ 999.99                                                              $10.00
$1,000 - $2,499.99                                                         $5.00
$2,500 or more                                                                 NONE

CHRISTMAS CLUB

  • Save for Christmas all year long!
  • Interest compounds daily and is credited one time in September
  • You can set up automatic transfers from your Kentland Bank checking and savings accounts

INDIVIDUAL RETIREMENT ACCOUNTS (IRAs)

  • We offer Traditonal, Roth, SEP, Educational, and Self-Directed IRAs
  • $25 minimum balance to open
  • Interest compounds daily and is credited quarterly (every 3 months)
  • $50 annual fee for Self-Directed IRAs

Certificates of deposit (cds)

  • We offer many different terms and rates to fit meet your needs
  • Interest compounds daily
  • Interest can be credited back to your CD, transferred to your Kentland Bank checking or savings account, or a check can be cut and mailed to you
Terms                               Minimum Balance

3 month                                       $2,500
6 month                                       $2,500
1 year                                            $500
18 month                                    $500
2 year                                            $500
30 month                                    $500
3 year                                            $500
4 year                                            $500
5 year                                            $500 
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