a jar full of coins beside a five stacks of coins

Personal Savings

We offer a variety of savings options to help you plan for the future.

All savings accounts include the following features:

Online Banking

Mobile Banking

Mobile Deposit

eStatements

Savings Account Options

Savings Account

No minimum deposit to open

Now Account

$1,500.00 minimum deposit to open
Unlimited withdrawals
Bank of DeSoto Debit Card

Money Market Account

$2,500.00 minimum deposit to open

Certificate of Deposit

$2,500.00 minimum deposit to open
Available from 1 month to 60 months
Interest available by compounding or by check
Convenient automatic renewal option

Traditional and

Roth IRAs

$2,500.00 minimum deposit to open
Available from 1 month to 30 months
Interest available by compounding or by check
Convenient automatic renewal option

Business Loans

We offer a variety of loan products to assist local business owners.

Explore Business Loans

Fees

Monthly Fee

Balance: $100.00 or more less | Monthly Fee: No fee
Balance: $99.99 or less | Monthly Fee: $1.00
Withdrawals | One free, $1.00 fee per withdrawal thereafter
Interest is accrued daily at the Bank of DeSoto current rate, paid quarterly.

Fees

Monthly Fee

Daily Balance: $1,500.00 or more | Monthly Fee: No fee
$1,499.99 or less | Monthly Fee: $15.00

Interest is paid monthly at the current Bank of DeSoto rate, below $1,500.00 no interest paid.

Fees

Daily Balance

$2,500.00 or more | Monthly Fee: No fee
$2,499.99 or less | Monthly Fee: $10.000
Withdrawals: Three free, $10.00 fee per withdrawal thereafter

Interest is paid monthly at the current Bank of DeSoto rate, below $1,500.00 no interest paid.

Bank of DeSoto's interest rates on CDs fluctuate with current market conditions. CDs may be written to mature on any date. Please ask our New Account Representatives to quote Bank of DeSoto's rate for the desired maturity.

Federal Regulations require a substantial penalty for early withdrawal.

Contributions for IRAs are deposited in the Bank of Desoto in time deposits. The IRA contribution limit does not apply to Rollover contributions. Please ask our New Account Representatives to quote Bank of Desoto's rate for the desired maturity.

Balances less than $500.00 will not receive interest.
Federal Regulations require a substantial penalty for early withdrawal.