Personal Savings / Investments

Regular Savings

Our regular savings account is the simplest way to save. You’ll enjoy a competitive rate of interest as well as convenient account access via ATM, telephone banking, and the Internet.

Christmas Club Account

Join the Club that helps you save for that special time of year. Put a little in along the way and see how it adds up to help with those holiday expenses.

Prime Account

Our Prime Account is our most popular interest-bearing account.  Featuring a tiered rate, your interest rate increases as your average daily balance increases.

EFFECTIVE July 26, 2023.

Prime Account Rate Information:

Prime Account Information:

Tier 1- If your average daily balance is $34,999.99 or less, the interest rate paid on the entire balance will be the Exchange Savings Rate of 0.10% with an annual percentage yield of 0.10%.

Tier 2 – The interest rate applied to Tier 2 is 15% of the United States Prime Rate at 8.50%.  An interest rate of 1.275% will be paid only for that portion of your average daily balance that is greater than $34,999.99. The annual percentage yield for this tier will range from 0.10% to 1.28% depending on the balance in the account. The portion of the balance below $35,000.00 will earn interest at the tier 1 rate.

Prime Interest is compounded monthly and will be paid on the account every month.

Currently United States Prime is 8.50%

Transactions and Fees:

Six debit transactions per monthly statement cycle with no fee.
$10.00 per item charge for additional debits over six in a monthly statement cycle.
Unlimited transactions in person.

Balance and Deposit Requirements:

A $25.00 service charge if your average daily balance falls below $2500.00.
A minimum initial deposit of $2500.00 to open an account.

Certificates of Deposit

We offer a variety of Certificates of Deposits to meet your investment needs.

Rates are set by the bank and vary based on the term of the certificate and the market conditions at the time the CD is issued. Maturities range from 91 days up to 60 months. Penalties may be imposed for early withdrawals.

Our CD’s offer competitive interest rates and you can choose to receive your interest monthly, quarterly, semiannually, annually, or at maturity. Interest is calculated using the daily balance method. This method applies a daily periodic rate to the principal in the account each day.

Certificates are automatically renewable at maturity, eliminating unnecessary trips to the bank. All deposits are insured by FDIC.

Individual Retirement Accounts

Exchange Bank offers Individual Retirement Accounts or IRA’s designed for you to make an investment for your future retirement needs. The money you contribute to your IRA may be deductible from your taxable income. Plus, an IRA offers you market-rate earnings on your investment and helps you defer federal income tax on these earnings. Talk with us about your retirement needs and financial goals and we’ll help you choose the IRA account that is best for you. If you have questions about traditional IRA’s, Roth, or Education IRAs we’re here for you.

Personal Savings Application

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