Business Savings to Plan for Your Future

The Great Southern Bank team understands the importance of savings plans. They help our customers reach their personal financial goals or have cash reserves for unexpected emergencies. Whether you’re preserving for the long-term or just putting aside a little cash for the holidays, we have the perfect personal or business savings for you. All deposit accounts are FDIC insured, with services and fees are subject to change. Savings products entail:


Money Market Savings

This account earns interest at the market rate—subject to change at any time. Interest is compounded and credited to your account every statement cycle. A monthly $5.25 service charge incurs if the collected balance falls below $1,500. A total of 6 transfers or withdrawals payable to third parties are allowed per cycle at no charge. Items exceeding this limit are charged $10 each. A $1,500 deposit is needed to open this account.

Money Market Plus Savings

Great Southern Bank is proud to offer a market rate savings account with limited check writing. You’ll need a minimum of $10,000 to obtain the annual percentage yield. Interest is not earned on days your balance is less than that, along with a $20 monthly service charge. Interest is compounded and credited to your account on the monthly statement cycle date. A total of 6 transfers or withdrawals payable to third parties are allowed per statement cycle at no charge.

Items exceeding this limit per statement cycle are charged $10 each. Exceeding 30 deposit items results in an activity charge of $.07 per item. A $10,000 deposit is needed to open this account.

Daily Savings

This account offers a competitive interest rate—subject to change at any time—that is compounded and credited to your account quarterly. 6 phone transfers are allowed per month with unlimited over-the-counter withdrawals and unlimited online transfers. A $3 monthly service charge is assessed if the collected balance falls below $450. There is no monthly activity charge unless the total number of credit items deposited exceeds 30; then, a $.07 activity fee per item may be assessed. A $100 deposit is required to open this account.

Regular Savings

A great way to begin planning for the future; this account offers convenience and flexibility as you save. With a minimum deposit of just $50, this account pays a competitive interest rate—subject to change at any time—compounded and credited to your account semi-annually. There is no monthly charge for daily collected balances of more than $100, though a $2.00 maintenance fee incurs if you fall below that.

You can make up to 2 withdrawals each month at no charge, with a $1 fee for every withdrawal after that. There is no monthly activity charge unless the total number of credit items deposited exceeds 30; then, a $.07 activity fee per item may be assessed.

Certificates of Deposit

These accounts empower you to take advantage of higher interest rates based on market trends. With a minimum of $500, we can structure a certificate of deposit from 30 days to 60 months to fit your needs. We offer competitive rates with interest compounded and credited quarterly. This is done at maturity for CDs that mature in under a year. You can receive your interest by depositing it into one of your deposit accounts, or adding it to your certificate. Please call for current interest rates.

Individual Retirement Accounts

An IRA is a special savings plan that lets you put aside the money you earned today to be used later for your retirement. We offer traditional IRAs with tax-deferred earnings, Roth IRAs with tax-free earnings, and education IRAs with tax-free earnings. See us for more details.