Personal Savings Accounts

A savings account is an important part of securing your finances and Bank of Botetourt is a safe and secure place to allow your funds to grow. We offer a variety of savings account choices with rates, terms and conditions that are sure to fit your individual needs. Your funds on deposit with us are fully insured to the limits set by the FDIC.

In addition to Savings Accounts, we also offer Money Market Accounts, Certificates of Deposit (CDs), and Individual Retirement Accounts. Our Kids$ave Accounts are a great way to teach children the rewards of saving money and earning interest.

Learn about our personal savings options below. If you don't see what you're looking for on this list, or if you have additional questions, just give us a call at 540-591-5000 or stop by one of our convenient locations. One of our dedicated employees will be happy to assist you over the phone or in person.

Personal Savings

This is a great account for setting money aside for a special purpose or keeping savings separate from other funds.

  • No average balance requirement.
  • No monthly service charges.
  • Interest is paid on balances of $100.00 and above.
  • Unlimited teller-line withdrawals and ATM withdrawals are permitted.
  • Federal Banking Regulations limit the number of pre-authorized transfers* to six per month. Exceeding these limitations will prompt a $1.00 service charge per transaction over the six allowable transfers.
  • Check today's Savings Rates

Club Savings

Take advantage of this account to save for holiday gifts, vacations, or special purchases.

  • No average balance requirement.
  • No monthly service charges.
  • There is no average balance requirement to obtain the disclosed APY.
  • Unlimited teller-line withdrawals and ATM withdrawals are permitted.
  • Federal Banking Regulations limit the number of pre-authorized transfers* to six per month. Exceeding these limitations will prompt a $1.00 service charge per transaction over the six allowable transfers.
  • Check today's Savings Rates

Children's Savings

Our Kids$ave Account allows children (Under 18) and their parents or guardians to save for their future. This account helps young people to understand the value of saving money and teaches them how earning interest can increase their savings.

  • There is no average balance requirement to obtain the disclosed APY.
  • Children will earn interest on every dollar deposited.
  • Unlimited teller-line withdrawals and ATM withdrawals are permitted. Children can select their own savings register book from an assortment of fun kids' designs.
  • Federal Banking Regulations limit the number of pre-authorized transfers* to six per month. Exceeding these limitations will prompt a $1.00 service charge per transaction over the six allowable transfers.
  • Parents and caregivers don't have to be financial experts to teach young people to be responsible with money. The latest FDIC Consumer News features tips to help children from pre-kindergarten through college learn how to be smart about their finances. The Winter 2016 edition also includes a checklist of computer security tips for bank customers, an article about changes in credit reporting that could help some consumers improve their credit scores, and information about a new tax-advantaged savings option for families with a child with disabilities. Visit the following website to review the Winter edition:   https://www.fdic.gov
  • Check today's Savings Rates

Money Market

This is a great account for those with limited transaction activity who want to earn higher interest rates. Tiered interest rates allow you to earn competitive rates on different account balances.

  • An opening deposit of $2,500 is required.
  • An average balance of $2,500 must be maintained to avoid being charged monthly maintenance fees of $10.00 per month.
  • Federal Banking Regulations limit transaction activity on Money Market Accounts. You can make up to six (6) pre-authorized transfers** per month, but only three (3) may be payments made by check to third parties. Exceeding these limitations will prompt a $1.00 service charge per transaction over the six allowable transfers.
  • Check today's Savings Rates

* Pre-authorized transfers include the following types of transactions: Telephone transfers, internet transactions such as Bill Pay and PayPal, overdraft protection transfers, and automatic transfers.

**For Money Market Accounts, Pre-authorized transfers include the following types of transactions: The transfer or withdrawal of funds by telephone, by wire or PC, the use of overdraft protection, automatic payments, or checks.

Disclosures
Current Rates
Download our Personal Savings Brochure

 

 
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