Taking care of tomorrow
Whether you have a little to set aside or a lot, we have the savings account for you.
Kasasa Saver®
Watch your savings build effortlessly while earning a high yield interest rate. A Kasasa Saver® account links to your Kasasa Checking account to auto-transfer monthly rewards. There are no monthly fees, and no minimum balance requirements. Enjoy the rewards of banking with Blue Grass Valley Bank.
Other Savings options
| Regular Savings Account | Money Market Account | Certificate of Deposit | Christmas Club Account | |
|---|---|---|---|---|
| Minimum opening balance | $50.00 | $2,500.00 |
$500.00 – $2,500.00 (depending on the term) |
$1.00 |
| Minimum monthly balance | Maintain at least $50.00 to avoid a minimum balance fee |
Maintain at least $1,500.00 to avoid a minimum balance fee; maintain at least $2,500.00 to obtain the disclosed annual percentage yield |
Same as minimum opening balance | $1.00 |
| Fees | No fee for the first six withdrawals each month; $1.00 fee per withdrawal thereafter; $5.00 will be imposed every month if the balance falls below $50.00 any day of the month |
$5.00 fee per withdrawal after the first six each month; $10.00 will be imposed every month if the balance falls below $1,500.00 any day of the month |
Penalties are imposed on early withdrawals | None |
| Interest | Compounded and credited to the account quarterly | Compounded and credited to the account monthly | Compounded and credited semi-annually | Compounded and credited to the account annually |
| Details | Learn more about Regular Savings | Learn more about Money Market Accounts | Learn more about Certificates of Deposit | Learn more about Christmas Club Accounts |
Individual Retirement Accounts
We also offer Traditional and Roth IRAs.
FAQ
How do I open an account?
Please visit one of our offices, and a customer service representative will be happy to assist you!
What do I need to open an account?
To open an account at The Blue Grass Valley Bank, we require at least one form of valid identification (for example, state- or government-issued identification card or Social Security card) and the required minimum deposit for the account you are opening.
What is the cutoff time for deposits?
Any transactions made before 4:00 p.m. will be processed the same business day. Transactions made after 4:00 p.m. will be processed the following business day.
Are my deposits FDIC insured? If so, by how much are they insured?
Yes! All deposits are FDIC insured up to the maximum amount allowed by law, which is currently $250,000.00 USD per depositor, subject to aggregation rules.