Savings Accounts



Statement Savings Account

Our Statement Savings Account offers you a convenient way to save. With your statement savings account, you will receive a monthly statement so that you can easily monitor the transactions you’ve completed and the interest you’ve earned each month.

 
Features:

  • Open this account with as little as $25.
  • No fee if you maintain a daily balance of just $50.
  • Interest is compounded daily and credited on a monthly basis.
  • Minimum daily balance of $100 to obtain the annual percentage yield.
  • The account is limited to 6 electronic debit transactions per statement cycle using any of these services, overdraft protection, telephone transfers, ACH transactions, and online/mobile transfers.
  • This account can be used as collateral for a Share Loan.

Money Market Demand Account

Our Money Market Demand Account offers you a savings account with limited check writing privileges. With your MMDA, you will receive a monthly statement that will include images of any checks you have written.

 
Features:

  • An initial deposit of $1,000 to open this account.
  • No fee if you maintain a daily balance of $2,000.
  • Interest is compounded and credited on a monthly basis.
  • Limited check writing ability with minimum check amount of $100.
  • Minimum daily balance of $2,000 to obtain the annual percentage yield.
  • The account is limited to 6 debit transactions per statement cycle using any of these services, overdraft protection, telephone transfers, ACH transactions, debit card, online/mobile transfers, and checks.

Premium Money Market Demand Account

Our Premium Money Market Demand Account, just like our MMDA, offers you a savings account with limited check writing privileges. However, the interest rate is tiered depending on your balance. With your Premium MMDA, you will receive a monthly statement that will include images of any checks you have written.

Features:

  • An initial deposit of $10,000 to open this account.
  • No fee if you maintain a daily balance of $10,000.
  • The interest rate paid is based on the daily balance and will be compounded and credited on a monthly basis.

 

Rate Tiers:
$10,000 - $49,999.99
$50,000.00 - $99,999.99
$100,000.00 and Over

 

  • Limited check writing ability with minimum check amount of $100.
  • Minimum daily balance of $10,000 to obtain the annual percentage yield.
  • The account is limited to 6 debit transactions per statement cycle using any of these services, overdraft protection, telephone transfers, ACH transactions, debit card, online/mobile transfers, and checks.

Christmas Club Account

Our Christmas Club Account is a great way to save money for the holidays.

 
Features:

  • Open this account with as little as $10.
  • Minimum daily balance of $0.01 to obtain the annual percentage yield.
  • Annual statement generated as of December 31st.
  • Account will mature in October.
  • At maturity, account balance can be issued in a check or transferred to another deposit account.
  • Option to receive account activity monthly if combined with a monthly statement account.
  • Account will remain open by making a deposit before the end of the first quarter.

OUR HISTORY

Since 1899, Hancock County Savings Bank has stayed the course as an Independent Locally Managed Bank.

The state-chartered Hancock County Building and Loan Association was founded on December 31, 1899; and it granted its first mortgage loan in the amount of...
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