Mount Garfield in spring viewed from Palisade

Money Market and Savings

Grand Valley Bank offers simple savings solutions. Whether saving for a rainy day, or your dream vacation, let us set up an account for you that will help you reach your goals. We also offer Minor Savings Accounts for our customers under 18. Contact your New Accounts Representative today about starting your savings process.


Regular & Minor Savings

Features & Benefits:

Free:

  • ATM Card
  • NetTeller (online banking)
  • Mobile Banking
  • E-Statements (all statements include images)

This account pays interest.

Per Item Charges (Transaction Limitations):
Six free transfers per month, any combination of withdrawals made in person, payments to third parties (including ACH and telephone or Internet transfers to another account at this bank).

Excess items=$3.00

Unlimited ATM withdrawals
How to Avoid the Monthly Maintenance Fee:
Keep an average daily balance of $500 or $200 minimum balance to waive fees.
Amount Needed To Open: $100.00
Minor (under 18) $50.00
Monthly Maintenance Fee: $4.00
Minor (under 18) = waived

Money Market Accounts

Features & Benefits:

Free:

  • ATM Card
  • NetTeller (online banking)
  • Mobile Banking
  • E-Statements (all statements include images)

This account pays interest.

Per Item Charges (Transaction Limitations):
Six free transfers per month, any combination of withdrawals made in person, payments to third parties (including ACH and telephone or Internet transfers to another account at this bank).

Excess items=$10.00

Unlimited ATM withdrawals
How to Avoid the Monthly Maintenance Fee:
Keep an average daily balance of $3,500 to waive the fee.
Amount Needed To Open: $100.00
Monthly Maintenance Fee: $10.00

Important Information:

  1. Interest bearing accounts at Grand Valley Bank pay interest at the current rate, subject to change at our discretion. You will earn the corresponding annual percentage yield. Interest begins to accrue on the first banking day after your deposit and will be compounded and credited to your account monthly. We calculate interest on the current daily balance in your account. If you close your account before the interest is credited, accrued interest is not paid.
  2. We calculate the average daily balance in accounts by adding thebalance in the account for each day of the month and then dividing by the number of days in the month.
  3. Money Market Accounts pay interest at the current tiered rate, subject to change at our discretion. The tiers begin at $500, $10,000, $25,000, $50,000 and $100,000. Balances at these tiers will earn the corresponding annual percentage yield.
  4. Regular Savings Accounts pay interest at the current tiered rate, subject to change at our discretion. The tiers begin at $.01, and $250,000. Balances at these tiers will earn the corresponding annual percentage yield.
  5. HSAs pay interest at the current tiered rate, subject to changeat our discretion. The tiers begin at $.01, $3,000, $6,000, $20,000. Balances at these tiers will earn the corresponding annual percentage yield.
  6. Regular Savings and Money Market accounts will receive quarterly statements and monthly statements when there is electronic fund transfer (EFT) activity on the account. EFT activity includes ACH transactions, ATM withdrawals and Debit Card transactions.
  7. We do not authorize transactions requests for ATM withdrawals or daily Debit Card transactions unless there are available funds in the account at the time of the request.
  8. Overdrafts may be created by check, in-person withdrawal, ATM withdrawal, or other electronic means. See the Common Fees schedule for other fees that may apply to deposit accounts. You are not charged fees for overdrafts created by one-time debit card transactions or ATM withdrawals.