Certificates of Deposit (CD)
- Minimum deposit is $500.00 on terms of one year and above.
- Minimum deposit is $2,500.00 on terms of less than one year.
- We offer competitive rates.
- Simple interest may be paid monthly, quarterly, semi-annually, annually or at maturity.
- Automatic renewal is available.
- Terms are available from one month to five years.
- There is a penalty for early withdrawal.
- Contact Bank of Gleason for our rates and more information.
Passbook Savings
- $100.00 Deposit to open the account
- Five withdrawals per calendar quarter without a fee. $1.00 per withdrawal for each subsequent withdrawal.
- Unlimited deposits and withdrawals allowed from the account in person at the bank.
- No preauthorized drafts or ACH debits transactions are permitted on this account.
- Interest is compounded quarterly
Christmas Club Account
- Minimum opening deposit is $25.00.
- Interest is paid at maturity.
- Customer will receive a check in the mail early November with plenty of time for Christmas shopping.
- Early withdrawal penalty fee is $10.00 per withdrawal.
- Automatic transfers from Bank of Gleason checking accounts may be established as a great way to save extra funds for Christmas.
Individual Retirement Account (IRA)
- Traditional and Roth IRAs are available.
- Minimum opening balance is $100.00.
- Interest is compounded quarterly.
- Interest rate is subject to change quarterly.
- No fees are charged to maintain the account.
- Early withdrawal penalty fee will occur on deposits not in the account for at least eighteen months.
- Annual statements are produced at end of the year.
Preneed Burial Account
- Interest is compounded quarterly.
- No fees are charged to maintain the account.
- Contact Tammy Haywood for more details at 731-648-5506.