Savings & CD's

At Northwest Georgia Bank, we offer you a variety of ways to save money, earn interest, and plan for your future. Click on the links below for more information about our specific services.

• Savings Accounts
• Christmas Club
• Wall Street Money Market Account-Regular
• Wall Street Money Market Account-New Money Option
• Certificate of Deposit
• Individual Retirement Accounts (IRA's)
• Prime Savings

Savings Accounts

Perfect for small or moderate savings, this account earns interest while retaining maximum flexibility and access.

• No minimum balance required to earn interest. A $1 service fee will be imposed for each month the account balance falls below $100.
• You may make up to six (6) transfers on your account per month, no more than three (3) by check or draft.
• Interest compounded and credited quarterly.
• $50.00 deposit to open.

Savings Rates

Fees could reduce earnings.
*Annual Percentage Yield

Christmas Club

Saving for that special gift season is easy with this account. This club is the perfect place to earn interest for a very Merry Christmas.

• No minimum balance required to earn interest.
• Interest compounded and credited annually.
• Receive a check from your savings in time for Christmas shopping.
• No withdrawals can be made from this account.

Christmas Club Rates

*Annual Percentage Yield

Wall Street Money Market Account-Regular

Need the flexibility to make withdrawals on your account and earn a high rate of interest? Then our Wall Street Money Market account may be exactly what you need. In addition to earning a competitive interest rate, you can enjoy the flexibility of several different withdrawal methods.

• You may make up to six (6) transfers on your account per month, including three (3) by check or draft to a third party, plus unlimited in-person.
• No service fee as long as you maintain a $2,500 minimum balance or have a Wall Street Checking account. If a customer does not have a Wall Street Checking account, or if a customer does not maintain a balance of $2,500 or more, a service charge of $10 will be incurred per month. (The Wall Street Checking account also has minimum balance requirements.)
• Interest compounded and credited monthly.
• Only a $50 deposit to open.
• Interest rate is based on a balance requirement and varies with the Prime Rate (as published in The Wall Street Journal.)

Wall Street Money Market Rates

Fees could reduce earnings.
*Rate may change after account is opened.
**Annual Percentage Yield

Wall Street Money Market Account-New Money Option

Customers can take advantage of a higher yield of interest with the Wall Street Money Market Account-New Money Option. The Bank is offering this special introductory rate for NEW MONEY ONLY for the first three months after the account is opened. After three months at the introductory rate, it will revert back to the rate on the regular Wall Street Money Market Account.

The money deposited into the Wall Street Money Market account cannot be an internal transfer of funds, but must come from an outside source. In addition to earning a competitive interest rate, you can enjoy the flexibility of several different withdrawal methods.

• You may make up to six (6) transfers on your account per month, including three (3) by check or draft to a third party, plus unlimited in-person.
• No service fee as long as you maintain a $2,500 minimum balance or have a Wall Street Checking account. If a customer does not have a Wall Street Checking account, or if a customer does not maintain a balance of $2,500 or more, a service charge of $10 will be incurred per month. (The Wall Street Checking account also has minimum balance requirements.)
• Interest compounded and credited monthly.
• Only a $50 deposit to open.
• Interest rate is based on a balance requirement.

Wall Street Money Market Rates

Fees could reduce earnings.
*Rate may change after account is opened.
**Annual Percentage Yield

Certificates of Deposit

Certificates of deposit are an ideal way to save large sums of money. You can earn a higher interest rate on your deposit by locking into a specified number of months. (There is a penalty for early withdrawals.)

• Higher interest rates.
• Receive interest checks quarterly unless noted.
• Interest compounded and credited quarterly.
• No service fees.
• $1,000.00 deposit to open.

CD Rates for deposit of $10,000 and over

CD Rates for deposit of $9,999 and less

**Interest paid at maturity.
***Annual Percentage Yield

Individual Retirement Accounts (IRA's)

Use this account to save money for retirement while receiving special tax benefits. (Consult with a tax advisor for tax benefits.)

• Higher interest rates than a regular savings account.
• No service fees.
• Interest compounded and credited quarterly.
• $500.00 deposit to open.
• Penalty for early withdrawal.

IRA Rates*

*Rate effective for all IRA's over $500.
**Annual Percentage Yield

Prime Savings

Get great rates with the freedom of a savings account based on the prime rate. Open it today and earn the rates of the future. Keep your freedom to withdraw at anytime without a penalty.

• No minimum balance required to earn interest. A $1 service fee will be imposed for each month the account balance falls below $100.
• You may make no more than six (6) pre-authorized, telephone or on-line banking transfers or withdrawals per month. No more than three (3) of these transfers may be by draft or POS card to a third party.
• Minimum opening amount of $50. Fees could reduce earnings.