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Pilot Grove Savings Bank

Checking

Pilot Grove Savings Bank offers a variety of checking accounts to meet the financial goals of every customer. We offer a Consumer Regular Checking Account that has everything you need -  including 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.

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.


REGULAR CONSUMER CHECKING

All of our regular checking account features are designed to accommodate your personal banking needs. 

Features of our Regular Consumer Checking Account include:

  • Unlimited check writing
  • No monthly service charges
  • No minimum balance requirements
  • Debit card
  • Monthly statements, or
  • Monthly E-Statements (available electronically at your request)
  • Check imaging
  • FDIC insurance
  • Overdraft protection available
  • Online Banking available (NetTeller and Bill Payment)
 
While there are no recurring fees associated with the regular checking account; the accounts are, however, subject to fees listed in the Common Features agreement.  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.


NOW ACCOUNT

The Pilot Grove Savings Bank NOW Account is an interest bearing account designed for the customer who requires the liquidity of a checking account and desires the interest-earning capabilities of a savings account. 

Features of our NOW Account include:
 
  • Unlimited check writing
  • $1,000 minimum balance requirement*
  • Interest compounded monthly
  • Debit card
  • Monthly statements, or
  • Monthly E-Statements (available electronically at your request)
  • Check imaging
  • FDIC insurance
  • Overdraft protection available
  • Online Banking available (NetTeller and Bill Payment)

* 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.

Like the Consumer Regular Checking Account, there are no recurring fees associated with the NOW account. These accounts are, however, subject to fees listed in the Common Features agreement.  Charges will be imposed for below minimum balance requirements, overdrafts, nonsufficient funds, stop payments, and check printing, to name a few. Interest rate and annual percentage yield may change at any time. 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.


MONEY MARKET ACCOUNT

Our tiered Money Market Accounts at 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 tiered Money Market checking accounts require a minimum deposit to open. 

Earning rates are tiered, with greater interest rates paid for higher balance levels. More funds in your account mean even higher interest market rates.

Tier 1 – Balance of $50,000 or more.
Tier 2 – Balance of $25,000 or more, but less than or equal to $49,999.99. 
Tier 3 – Balance of $2,500 or more, but less than or equal to $24,999.99. 

Other features of the tiered Money Market Checking accounts include:

  • Limit of six checks per statement cycle
  • $2,500 minimum balance requirement*
  • Interest compounded monthly
  • Debit card
  • Monthly statements, or
  • Monthly E-Statements (available electronically at your request)
  • Check imaging
  • Overdraft protection available
  • FDIC insurance
  • Online Banking available (NetTeller)

Transaction limitations apply.   During any statement cycle, you may not make more than six withdrawals or transfers to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction, computer transfer, or by check, draft or similar order. 

* A below minimum balance fee of $10 will be imposed each monthly statement cycle if the average daily collected balance falls below $2,500. 

Money Marketing Checking accounts are subject to fees listed in the Common Features Disclosure (PDF).  Charges will be imposed for below minimum balance requirements, overdrafts, nonsufficient funds, stop payments, and check printing, to name a few. 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.


BUSINESS CHECKING

Whether you have a small company or a large corporation, Pilot Grove Savings Bank offers a business checking account that provides up-to-date banking products with high-quality services.
 
Special benefits of the business checking accounts include:

  • Bank-by-mail
  • Night deposit with key-lock bank bags
  • Debit and credit card services
  • Internet banking
  • Monthly statements with check imaging
  • In-House Check Printing
  • Convenient banking hours (even on Saturdays)
  • Wire transfers
  • Direct deposit
While there are no recurring fees associated with Pilot Grove Savings Bank business checking accounts; the accounts are, however, subject to the fees listed in the Common Features Disclosure (PDF).  Charges will be imposed for overdrafts, non-sufficient funds, stop payments, and check printing, to name a few. Please refer to the Truth-in-Savings Disclosure and/or Common Features Disclosure 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. Just 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.


CHECK ORDERING

Pilot Grove Savings Bank offers a large selection of personal and business check designs through our In-House Check Printing service. Both wallet and duplicate styles are available. The production of high-quality checks at our Donnellson and Keokuk branches means the entire ordering and printing process is handled in a secure environment – right in our own bank! This means more convenience, faster service, fewer errors, and lower cost to the customer.

With In-House Check Printing, customers can receive their check order quickly, for both personal and business accounts. No more waiting two to three weeks for an outside printer to get checks printed and mailed when you reorder or open a new account. We can even deliver your new checks to the Pilot Grove Savings Bank branch of your choice, saving postage charges and eliminating the worry of boxes of checks lost in the mail. 

Call or stop in to any Pilot Grove Savings Bank location and inquire about our In-House Check Printing service.  We can place your new order today!

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