Explore our savings account options.
DMB Community Bank offers several savings options to help you meet your investment needs. Whether you’re saving for taxes, vacation, or holiday shopping, we have an account for you. A brief description of each of our accounts is listed below along with a chart for comparison.
Compare Options
Basic Savings
OPENING BALANCE
$200
Average Balance to Avoid Service Charge
$200*
Service Charge
$2
Debits Per Month
4 Withdrawals
Excess Debit fee
$.50 Per Debit
Our most popular account. This account requires just a $200 opening deposit and a $200 minimum balance (but we waive these requirements for our customers under 18 and over 50). You’re allowed up to four withdrawals per month without a service charge.
*Waived for primary account holders under the age of 18 or 50 years or better.
Homeowner’s Savings
OPENING BALANCE
$1
Average Balance to Avoid Service Charge
N/A
Service Charge
N/A
Debits Per Month
3 Withdrawals
Excess Debit fee
$.50 Per Debit
A little something extra for our valued DMB Mortgage customers. This account has no minimum opening or ongoing balance requirements and generally earns a higher rate of interest than our Basic Savings account. It’s a great way to save for those expected (and unexpected) expenses that come along with homeownership!
Holiday Club Account
OPENING BALANCE
$5
Average Balance to Avoid Service Charge
N/A
Service Charge
N/A
Debits Per Month
Only at Maturity**
Excess Debit fee
$5 and Loss of Interest
Ever get to December and wish you would have planned and saved throughout the year for those holiday expenses? DMB’s Holiday Club Account is your answer. Work with one of our Financial Services Representatives to set your savings goals. With a low $5 deposit, you can open your account and set up automatic transfers to help you reach your goal. Treat yourself next holiday season by preparing now for those expenses!
**Check mailed or deposited into designated account the first business day in November
For more information on our Savings Accounts, please contact us or call a Financial Services Representative at 608-846-3711
Mobile Banking
Access
Anywhere
Money Market Deposit Accounts
A Money Market Deposit Account (also referred to as an MMDA) is very much like a savings account; however, unlike savings accounts, some money market accounts offer check writing capabilities. While money market accounts generally require higher opening and balance requirements than savings accounts, they also generally pay a higher interest rate.
DMB Community Bank offers several money market options to help you meet your investment needs. While each account offers different opening balance requirements, all accounts have tiered interest rates, meaning the more money you invest, the higher interest rate that we pay you.
Compare Options
Money Market Checking
Opening Balance
$1,000
Average Balance to Avoid Service Charge
$1,000
Service Charge
$6
Debits Per Month
6 Withdrawals
Checks
YES
Excess Debit fee
$3 EACH
INTEREST PAID
Monthly
This account is perfect for you if your savings balance is generally over $1,000, but less than $25,000 since it pays a higher rate of interest than our Basic Savings account. This account has check writing capability, perfect for those occasional payments that you’ve saved for, like taxes or insurance premiums.
Money Market Platinum Checking
Opening Balance
$25,000
Average Balance to Avoid Service Charge
$25,000
Service Charge
$10
Debits Per Month
6 Withdrawals
Checks
YES
Excess Debit fee
$3 EACH
INTEREST PAID
Monthly
This account is much like the Money Market Checking to the left, but for balances of $25,000 or more. In exchange for a larger deposit, we generally pay you a higher interest rate.
Money Market Premium
Opening Balance
$10,000
Average Balance to Avoid Service Charge
$10,000
Service Charge
$10
Debits Per Month
6 Withdrawals
Checks
NO
Excess Debit fee
$3 EACH
INTEREST PAID
Monthly
Ultimately a high-rate savings account, the Money Market Premium account is ideal for you when your savings balance is greater than $10,000 and you don’t want or need the check-writing benefits that the Money Market Checking or Money Marketing Platinum Checking accounts offer. Since you don’t want the check-writing capabilities, we generally pay you a higher rate of interest on this account than the money market checking accounts listed to the left.
For more information on our Money Market products and services or to request an account disclosure, please contact us or call a Financial Services Representative at 608-846-3711
