The Bank of Marion has many ways to help you save. Whether you're looking for a short-term investment or a savings plan to secure your future, The Bank of Marion has a solution to help you reach your financial goals.

Statement Savings

This interest bearing savings account is the perfect tool to help you achieve your Savings Goals. Interest is compounded monthly to your account. 

Minimum Balance Requirements:
Minimum to open is $200.  Minimum to open for minors under the age of 18 is $10.

Fees:
Should your balance fall below $200, a $2 monthly fee will be charged.  A withdrawal fee of $1.00 will be charged for each withdrawal in excess of 3 per month. A dormant fee of $2 per month will be applied if the account has had no activity for 12 months.  Transactions initiated by the Bank are not considered “activity.”

Money Market Deposit Account

This interest bearing account is perfect for those customers who maintain large balances, and are seeking a higher rate of return. Interest is compounded monthly to your account. The Money Market account has transaction limitations which include transfers from a Money Market account to another account or to third parties by telephonic agreement, order of instruction, preauthorized, automatic, or computer transfers are limited to six per statement cycle with no more than three by check, draft, or similar order to third parties.

Minimum Balance Requirements:
Minimum balance to open is $2,500.
Minimum average daily balance to earn interest is $2,500.

Fees:
Should your balance fall below $2,500, a $9 monthly fee will be charged.
A fee of $7 will be charged for each transaction in excess of the transaction limitations during a monthly statement cycle. 

Christmas Club

The Christmas Club is a non-interest savings account created for our customer’s to help save money for Christmas.

Minimum Balance Requirements:
Minimum to open is $10.

Fees:
A withdrawal fee of $1 will be charged for each withdrawal in excess of three during a calendar month.
A closing fee of $10 will be charged if the account is closed within the first six months.

Learn More About:

• Building a Savings Plan

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