A penny saved is a penny earned. A penny saved at Malvern Bank…well, that’s a fine step forward on the road to financial planning. Our passbook savings account is a convenient way to save money, and it can also be linked to your Malvern Bank debit card.
Whether you’re saving up for a new ride for the Wabash Trace bike trail or setting aside money for a rainy day, we can help!
- Minimum opening balance: $100.00
- No monthly service fees
- Free online banking
- Monthly statements (if there are automatic transactions in a month)
- Transactions that are not completed in person, such as the lobby or drive thru, are limited to 6 transactions per month, according to federal government regulation. This includes online and phone transfers.
- Interest is paid on the last business day in March and September.
Note: Signing up for e-Statements will automatically discontinue you from getting paper statements. While statements are available in online banking, you must fill out this form to discontinue your paper statement. Statement type is on an account by account basis, make sure you put every one of your accounts on the form when you sign up.
To open a savings account, stop in and talk with Christine or Kristin. Not in town today? Call 712-624-8686 or fill out our contact form and we’ll get the paperwork started.