Checking
Choose a Bank that Gives Back
Pilot Grove Savings Bank offers a variety of checking accounts to meet the short-term financial goals and long-term financial goals of every customer. We offer a Consumer Regular Checking Account that has everything you need! This includes monthly statements with check imaging, overdraft protection, and FDIC insurance, without the things you don’t need like monthly service charges or balance requirements. We also offer competitive interest-bearing accounts, such as the NOW Account or the Money Market Account, for customers who wish to maintain higher balance requirements.
WE HAVE THREE OPTIONS FOR PERSONAL BANK ACCOUNTS: THE REGULAR CHECKING ACCOUNT, NOW ACCOUNT, AND MONEY MARKET ACCOUNT OPTIONS
The regular consumer checking account features are designed to accommodate your personal banking needs. The Pilot Grove Savings Bank NOW Account is an interest-bearing account. It is designed for the customer who requires liquidity of a checking account and desires the interest-earning capabilities of a savings account. Our tiered Money Market Accounts and Pilot Grove Savings Bank combine the earning power of a CD-type investment, with the flexibility of a checking account to give you high earning potential and liquidity. The Money Market Account pays different interest depending on the tier you are in:
- Tier 1 – Balance of $250,000 or more
- Tier 2 – Balance of $100,000 or more, but less than or equal to $249,999.99
- Tier 3 – Balance of $50,000 or more, but less than or equal to $99,999.99
- Tier 4 – Balance less than or equal to $49,999.99
EXPLORE WHICH CHECKING ACCOUNT IS RIGHT FOR YOU
Excellent benefits and quality service is what we offer at Pilot Grove Savings Bank - all backed up by the personal attention our staff delivers every day.
Learn more about our checking account options and benefits below!
| Regular Consumer Checking | NOW Account | Money Market Account | |
|---|---|---|---|
| Unlimited check writing | X | X | X |
| No monthly service charges | X | X | X |
| Minimum balance requirements | X | $1000 minimum balance requirement* | $2,500 minimum balance requirement** |
| Interest bearing account | Non interest-bearing | Interest compounded monthly *** | Interest compounded monthly *** |
| Debit card acquisition | X | X | X |
| Monthly statements or monthly E-Statements (available electronically at your request) | X | X | X |
| Mobile check depositing | X | X | X |
| Check imaging | X | X | X |
| FDIC insurance | X | X | X |
| Overdraft protection available | X | X | X |
|
Online Banking available (Online Banking and
|
X | X | X |
* A below minimum balance fee of $5.00 will be imposed each monthly statement cycle if the average daily collected balance falls below $1,000.
* *A below minimum balance fee of $10 will be imposed each monthly statement cycle if the average daily collected balance falls below $2,500.
***Interest rate and annual percentage yield may change at any time. Please refer to the Truth-in-Savings Disclosure and/or the Common Features Disclosure available at all Pilot Grove Savings Bank locations for more information.
We also offer Business Checking Account Options
|
Business Checking
|
|
|---|---|
| Bank-by-mail | X |
| Night deposit with key-lock bank bags | X |
| Debit and credit card services | X |
| Internet banking | X |
| Monthly statements with check imaging | X |
| In-House Check Printing | X |
| Convenient banking hours (even on Saturdays) | X |
| Wire transfers | X |
| Direct deposit | X |
While there are no recurring fees associated with the regular checking account, NOW account, Money Market Account or Business Checking account; the accounts are, however, subject to fees listed in the Common Features Disclosure (PDF). Charges will be imposed for overdrafts, nonsufficient funds, stop payments, and check printing, to name a few. Please refer to the Truth-in-Savings Disclosure and/or Common Features Disclosure (PDF) available at all Pilot Grove Savings Bank locations for more information.
DIRECT DEPOSIT
Direct Deposit is a safe, convenient way to bank. When you sign up for direct deposit, your social security, payroll, or other recurring checks are automatically sent to your checking or savings account at Pilot Grove Savings Bank.
- No more trips to the bank to make deposits
- No more fear about lost or stolen checks
- No more worries about getting your check into the bank on time if you are sick, on vacation, or away from home for any reason
Have peace of mind knowing your money is always there when you need it. Check with your employer to see if direct deposit is available through your company or call us to arrange direct deposit of your government or other regular payments.
HOW DO YOU OPEN A CHECKING ACCOUNT OR ORDER CHECKS?
For questions on opening a checking account or to order checks, contact a branch near you. Visit our FAQ- checking and savings page for answers to other questions you may have, including what to bring when you open an account with us.