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Money Market and Savings

Grand Valley Bank offers simple savings solutions.


Whether saving for a rainy day, or your dream vacation, let us set up an account for you that will help you reach your goals. We also offer Minor Savings Accounts for our customers under 18. Contact your New Accounts Representative today about starting your savings process.
Features & Benefits

Free
  • ATM Card
  • Online Banking
  • Free App
  • eStatements 
  • This account pays interest.
Avoid the Monthly Maintenance Fee:
Keep an average daily balance of $500 or $200 minimum balance to waive fees.

Amount Needed To Open:
  • $100.00
Monthly Maintenance Fee:
  • $4.00
Features & Benefits

Free
  • ATM Card
  • Online Banking
  • Free App
  • eStatements 
  • This account pays interest
Avoid the Monthly Maintenance Fee
  • Keep an average daily balance of $3,500 to waive this fee
Amount Needed To Open:
$100.00
Monthly Maintenance Fee:
$10.00
Our Minor Savings account is set up with the future in mind.  This account is held by an adult Trustee that authorizes all transactions.
 
Features & Benefits available to the account Trustee:
Free
  • ATM Card
  • Online Banking
  • Free App
  • eStatements 
  • This account pays interest.
Avoid the Monthly Maintenance Fee:
Keep an average daily balance of $500 or $200 minimum balance to waive fees.

Amount Needed To Open:
  • Minor (under 18) $50.00
Monthly Maintenance Fee:
  • $4.00
  • Minor (under 18) = waived until they turn 18
  • As a reminder, we will send a notice in the mail prior to the Monthly Maintenance Fee beginning.
Our Rising Star Savings account is a great tool to learn finances and savings goals. These accounts are available to students ages 14-18 with a parent or guardian joint owner.

 
Features & Benefits: 
Free 
  •  Ages 14-18
  • ATM Card
  • Online Banking
  • Free App
  • eStatements 
  • This account pays interest.
How to Avoid the Monthly Maintenance Fee:
Keep either a minimum balance of $100 or an average daily of $250 to waive fees.

Amount Needed To Open:
  • $50.00
Monthly Maintenance Fee:
  • $2.00
  • As a reminder, we will send a notice in the mail when the student turns 18 to promote them into another account.
 






Important Information
  1. Interest bearing accounts at Grand Valley Bank pay interest at the current rate, subject to change at our discretion. You will earn the corresponding annual percentage yield. Interest begins to accrue on the first banking day after your deposit and will be compounded and credited to your account monthly. We calculate interest on the current daily balance in your account. If you close your account before the interest is credited, accrued interest is not paid.
  2. We calculate the average daily balance in accounts by adding the balance in the account for each day of the month and then dividing by the number of days in the month.
  3. Money Market Accounts pay interest at the current tiered rate, subject to change at our discretion. The tiers begin at $500, $10,000, $25,000. Balances at these tiers will earn the corresponding annual percentage yield.
  4. Regular Savings Accounts pay interest at the current tiered rate, subject to change at our discretion. The tiers begin at $.01, and $250,000. Balances at these tiers will earn the corresponding annual percentage yield.
  5. HSAs pay interest at the current tiered rate, subject to change at our discretion. The tiers begin at $.01, $3,000, $6,000, $20,000. Balances at these tiers will earn the corresponding annual percentage yield.
  6. Regular Savings and Money Market accounts will receive quarterly statements and monthly statements when there is electronic fund transfer (EFT) activity on the account. EFT activity includes ACH transactions, ATM withdrawals and Debit Card transactions.
  7. We do not authorize transaction requests for ATM withdrawals or daily Debit Card transactions unless there are available funds in the account at the time of the request.
  8. Overdrafts may be created by check, in-person withdrawal, ATM withdrawal, or other electronic means. See the Common Fees schedule for other fees that may apply to deposit accounts. You are not charged fees for overdrafts created by one-time debit card transactions or ATM withdrawals.
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