Deerwood Bank Personal Solutions

Personal Savings Accounts

At Deerwood Bank we have built a group of savings plans for you to choose from based on your specific saving needs.

  • Thrift Savings  Start saving here.
    Maintain a balance of only $50 throughout the month and earn interest with no service charge.  $2 monthly fee will apply if balance falls below $50. Interest compounds quarterly based on daily balance method.
  • Regular Savings    Have more to save? 
    This account earns a competitive rate of interest with no service charge when a minimum balance of $200 is maintained daily.  $2 monthly fee will apply if balance falls below $200. Interest compounds quarterly based on daily balance method.
  • Super Savers   
    Earn higher rates for accounts with a daily balance in excess of $1,000.  $15 monthly fee will apply if balance falls below $1,000. Interest compounds monthly based on daily balance method.
  • First Preferred Savings   Our premier savings account.  
    Our highest interest rate earning savings account with balances in excess of $20,000. Interest compounds monthly based on daily balance method.


Click Here to apply.

Click here for printable application.

CD's:

Deerwood Bank offers...

  • 6 month to 36 month maturity   options based on availability
  • Competitive interest rates
  • Several interest payment options
  • Substantial penalty for early withdrawl.

IRA's:

ROTH IRA:

This option allows you to withdraw funds without taxation on qualified distributions. Ask how a ROTH IRA might be perfect for you!

TRADITIONAL IRA:

This option allows you to make tax-deductible contributions (in most cases) with tax-deferred earnings.

Visit the IRA Service Center

Buckaroo's Kid's Club

Buckaroo's Savings Clubhouse:

Deerwood Bank knows how important it is to start good savings habits. So when better to start saving than as a youngster. We have built the Buckaroo's program as a fun way to learn financial responsibility.