It is always a good time to save money. Open your savings account online or in person at any of our full service locations.
Money Market Checking
Money Market Checking is great way to keep your savings close at hand. This account allows you to write up to 6 checks a month with unlimited withdrawal ability at the teller window. The monthly service charge of $14 is waived with a minimum balance of $5,000, a $15,000 average balance or a combined deposit relationship of $15,000 or over.
Features include:
- Interest on qualifying balances
- E-Statement Available
- Mobile Banking
- Internet Banking
- Visa Check Card Available
- Monthly Image Statement
Premium Money Market Checking
This account is great for individuals who would like to earn a higher rate on qualifying balances on a checking account. You can write up to 6 checks a month and you have unlimited withdrawal ability at the teller window. The rate of interest increases as your balance increases. The monthly service charge of $14.00 is waived with a minimum daily balance of $10,000, a $20,000 average daily balance or a combined deposit relationship of $15,000 or over.
Features include:
- Interest on qualifying balances
- E-Statement Available
- Mobile Banking
- Internet Banking
- Visa Check Card Available
- Monthly Image Statement
Classic Savings
Classic Savings is a wonderful way to put back extra cash and earn interest too. The $3.00 quarterly service fee is waived with a daily balance of at least $100 or a combined deposit relationship of $15,000 or more.
- Earns interest
- Up to six withdrawals allowed per quarter
- Money is accessible at the ATM
- E-Statement Available
- Mobile Banking
- Internet Banking
Certificates of Deposit (CDs)
Bank of Cleveland offers competitive rates as well as experienced customer service representatives ready to assist you with any questions you may have. Interest can be paid in a variety of ways such as at maturity, a monthly check or automatically deposited into your checking account.
For questions on CD or IRA’s call 478-8443 or e-mail: boc@bankofcleveland.com.
Early withdrawal penalties may apply.
Individual Retirement Accounts (IRAs)
Bank of Cleveland features a variety of IRAs to meet your needs. There is no minimum annual contribution amount and distribution can begin at 59-1/2.
For questions on CD or IRAs call 478-8443 or e-mail: boc@bankofcleveland.com
Early withdrawal penalties may apply.
Personal Savings Comparison Chart
| Account/Service | Money Market | Premium Money Market | Classic Savings | Youth Savings |
|---|---|---|---|---|
| Minimum Opening Deposit | $100 | $100 | $100 | N/A |
| Minimum Daily Balance to Avoid Service Charge | $5,000 or $15,000 average balance or combined deposit relationship | $10,000 or $20,000 average balance or combined deposit relationship of $15,000. | $100 | N/A |
| Monthly Service Charge* | $14 | $14 | $3 per quarter | |
| Restrictions | Unlimited withdrawal ability at teller line. Write up to six checks per month | Unlimited withdrawal ability at teller line. Write up to six checks per month | Six withdrawals allowed per quarter. | Six withdrawals allowed per quarter. |
| Internet Banking | yes | yes | yes | yes |
| Bill Payment | yes | yes | no | no |
| Telephone Banking | yes | yes | yes | yes |
| E-Statements | yes | yes | yes | yes |
| Mobile Banking | yes | yes | yes | yes |
| ATM/Debit Card | yes | yes | yes | yes |
| Interest on Qualifying Balances | yes | yes | yes | yes |
*All monthly service charges can be waived with a $15,000 combined deposit relationship
Excessive Withdrawal Fees and Dormant Fees may apply.
For questions call 478-8410 or e-mail: customerservice@bankofcleveland.com
