Unparalleled Smart Saving Opportunities Since 1988!
A High Yield Savings Account is key to financial security and growth. If you want your savings to grow fast, consider opening a savings account with the Bank of Winona. Since 1885, we’ve been dedicated to helping our local community with their financial needs. This makes us a trusted choice for people in the area looking to open a new savings account that suits their needs. Our savings account options are made to fit the different money goals of the Winona community. They offer great interest rates and easy banking.
Are you saving for a vacation or a new home, or want more money saved? A savings account with us helps you reach your goals quickly. We know that reasonable interest rates are essential for your savings to grow. That’s why our high-interest savings account options have rates that help your money grow faster. With our focus on honesty, professionalism, and helping our community, the Bank of Winona is the best place in Winona, MS, to grow your savings. Start saving with us, and we’ll help make your future bright.
Maximizing Your Savings Account:
Bank of Winona understands the importance of growing your savings efficiently and securely, and that’s why we’ve designed our High-Yield Savings Account to offer you a wide range of benefits:
- Competitive Interest Rates: We believe your hard-earned money should work hard for you, that’s why our rates are competitive, helping your savings increase quickly.
- No Monthly Maintenance Fees: When you open a new savings account with us, you won’t have to worry about monthly fees eating into your savings. This lets you focus more on saving money.
- Easy Access: We know life is busy. Our accounts let you get to your money quickly, anytime and anywhere. With our online and mobile banking, handling your savings is straightforward.
- FDIC Insurance: Keeping your money safe is our top priority. Our accounts are FDIC-insured, so your deposits are protected to the fullest extent by law. With Bank of Winona, you can save confidently, knowing your money is in good hands.
Bank of Winona’s High Yield Savings Account
Golden Savings:
- Minimum Opening Balance: You must deposit $100.00 to open a new savings account.
- Interest Rate Changes: Your savings account’s interest rate and annual percentage yield can change. We can adjust the interest rate at any time.
- How We Set the Rate: We decide the interest rate for your account. This can change as we see fit.
- Adding Interest to Your Account: We add interest every three months. This is both compounding and crediting.
- Closing Your Account: If you close your account before we add the interest, you won’t get the interest that has built up.
- Keeping a Minimum Balance: Keep at least $100.00 in your account daily to get the annual percentage yield we discuss.
- How We Calculate Your Interest: We use the average daily balance method to determine your interest. This means we add up your account’s total for each day of a quarter and then divide it by the number of days in that quarter.
- When You Can Withdraw: You can take out money only in the first ten days of each quarter. If you withdraw at other times, we might close your account.
- Interest on Deposits Like Checks: Interest starts to build up the business day after you deposit things like checks.
Silver Savings:
- Minimum Opening Balance: To open this account, you need to deposit $100.00.
- Interest Rate Flexibility: The interest rate and annual percentage yield can change. We might adjust the interest rate for your account whenever necessary.
- Determining the Rate: We can change your account’s interest rate.
- Frequency of Compounding and Crediting: We add interest to your account every three months. This includes both compounding and crediting the interest.
- Closing Your Account: If you close your account before the interest is added, you won’t get any interest that has built up.
- Minimum Balance for Annual Yield: You should keep at least $100.00 in your account daily to earn the announced annual percentage yield.
- Avoiding Minimum Balance Fee: If your account goes below $100.00 at any time during the quarter, we’ll charge a $10.00 fee. This fee is assessed every quarter.
- Calculating Your Balance: We use the average daily balance method to calculate your interest. This means we add the daily amounts in your account for the quarter and divide them by the number of days in that quarter.
- Limitations on Transactions: You can make up to six transfers or withdrawals from your Silver Savings account to another account each quarter. This includes automatic, preauthorized, or telephone transfers.
- Interest on Deposits Like Checks: Interest starts accumulating the business day after you deposit non-cash items, such as checks.
How to Open a New Savings Account with Us:
At Bank of Winona, we’ve made it easy to open a High-yield Savings account and embark on your journey to financial success. Here’s a simple guide on how to get started:
- Visit Our Branch: Call our Winona, MS office during business hours. Our knowledgeable team will assist you through the account opening process.
- Prepare Your Documentation: Bring your ID and proof of address for verification.
- Minimum Deposit: Start with a $100.00 initial deposit.
- Expert Guidance: Our team is here to answer questions and offer personalized assistance.
- Ready to Grow: With competitive interest rates and FDIC insurance, your savings account is secure and set to grow.
Why Choose Bank of Winona for Your Savings
Account Journey?
Here’s why people in Winona, MS, should think about us for their High-Interest Savings Account:
- Local Legacy: Since 1885, we’ve been a vital part of the Winona community. Our dedication to helping with financial needs here has always stayed the same.
- Community Focus: Giving back is essential to us. We’re active in supporting Montgomery, Webster, and Carroll County. This helps our clients, workers, and neighbors do well.
- Honesty and Expertise: We’re all about trust and professionalism. You can count on us for precise, skilled services.
- Personal Touch: Everyone’s money needs differ. That’s why we offer advice and make our services fit your needs.
By choosing the Bank of Winona, you’re picking a local bank that cares a lot about your financial success and is a big part of Winona.
Frequently Asked Questions:
What security measures are in place to protect my online savings account access?
We employ advanced security protocols, including encryption and multi-factor authentication, to safeguard online access.
Can I easily transfer my High-Yield Savings Account to an external bank?
You can link your account to external banks for convenient fund transfers and greater financial flexibility.
Secure Your Financial Future and Open a
Savings Account Today!
Start your journey to financial success with Bank of Winona today! Are you saving up for a dream holiday or a new house? Or do you want a better financial base? Our High-Interest Savings Account and tailored bank services are here to help you meet your targets. Join our group of savers in Winona, MS. You’ll see why Bank of Winona is a great choice.
Get in touch with us now. We’re ready to turn your money dreams into reality. Your future begins with us!