The Blue Grass Valley Bank
 
Monterey, VA ♦ (540) 468-1915
Blue Grass, VA ♦ (540) 474-2430
 
The Blue Grass Valley Bank
 

Regular Savings


Our Regular Savings account is a traditional savings account that offers a competitive rate of interest.

 

Rate Information: This account is an interest bearing account. The interest rate and annual percentage yield are included in the Rate Chart. The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on the account monthly. Interest begins to accrue on the business day you deposit non-cash items (for example, checks). Interest will be compounded quarterly and will be credited to the account quarterly.

 

Balance Information: We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day. You must maintain a minimum balance of $50.00 in the account each day to obtain the disclosed annual percentage yield.

 

Limitations: You must deposit $50.00 to open this account. This account has a limit of six withdrawals per month.

 

Account Fees: $1.00 fee per withdrawal on accounts with more than six (6) withdrawals per month.

Traditional savings account with a competitive interest rate.
Interest Bearing Savings