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Savings, CDs, & IRAs

Savings Accounts

Not everyone’s savings potential is the same. The Bank of Missouri offers savings plans suited to fit your lifestyle. Visit one of our locations and let our financial services consultants assist you in choosing the account that is right for you! Please contact one of our locations for current terms, rates, and minimum balance requirements or apply online for any of these accounts.

  Minimum to Open/Earn Interest Monthly Service Charge Earns Interest
Statement Savings More » $100 Charges may apply* Yes

Statement Savings

Complimentary on most accounts when you set up systematic transfers.

  • Low minimum opening deposit of $100
  • *Monthly service charge of $2 if daily balance falls below $200**
  • Six transfers per month, excluding ATM (FDIC regulation)*** - additional transfers are $7 each  
  • Interest is paid semi-annually****
  • Quarterly statement 
  • Monthly statement available when combined with a checking account 
  • Mobile Check Deposit            
**May reduce earnings - no service charge if a routine transfer occurs  ***If excess transactions are repeated three or more times, the bank may be regulated by law to close the account.  ****Rates are subject to change without notice. 
Money Market Plus More » $100 Charges may apply* Yes

Money Market Plus

Savings with check writing capabilities.

  • Low minimum opening deposit of $100
  • *$9 monthly service charge if balance falls below $2,500 (this may reduce earnings)
  • Six transfers per month, excluding ATM (FDIC regulation)** -additional transfers are $7 each
  • Monthly statement (excludes images or E-Statement)
  • Interest paid monthly***
  • Mobile Check Deposit
**If excess transactions are repeated three or more times, the bank may be regulated by law to close the account.***Rates are subject to change without notice.
High Performance Savings « Hide $10,000 None Yes

High Performance Savings

Great option for short term investments.

  • Minimum opening deposit of $10,000
  • Six transfers per month, excluding ATM (FDIC regulation)* -additional transfers are $7 each
  • Interest paid semi-annually**
  • Quarterly statement (excludes images or E-statement)
  • Mobile Check Deposit            
*If excess transactions are repeated three or more times, the bank may be regulated by law to close the account.**Rates are subject to change without notice
Show Me Savers More » $25 None Yes

Show Me Savers Kids Club

Good savings habits begin at an early age.

  • For savers under the age of 18
  • Low minimum opening deposit of $25
  • No minimum balance requirements
  • Six transfers per month, excluding ATM (FDIC regulation)* - additional transfers are $7 each
  • Show Me Savers frequent deposit card
  • Awards for school perfect attendance**
  • Educational tips and guides
  • Fun events exclusively for Show Me Savers account holders
  • Interest paid semi-annually***
  • Quarterly statement
  • Mobile Check Deposit
  • Free online financial education website for kids

Learn more about our Show Me Savers Club

*If excess transactions are repeated three or more times, the bank may be regulated by law to close the account.**Kindergarten - 12th grade  ***Rates are subject to change without notice

 


Certificates of Deposit (CDs)

We offer a wide selection of certificate terms at competitive market rates. The Certificate of Deposit minimum opening deposit requirement is now $500.  Click here for current CD rates.

LIMITED TIME OFFER:  Try our new rising rate CD that automatically bumps up your rate twice.  Learn More

Individual Retirement Accounts (IRAs)

What’s the right type of IRA for you?

At The Bank of Missouri, we want what’s best for our customer, not for ourselves.  That’s why we are dedicated to finding the best type of savings solution for you.  Please explore any of the 3 options presented below or give us a call and let one of our experts help you make the right choice.

  1. FDIC  Insured IRA CD
  2. Non-FDIC Insured IRA – visit Investment Services for more info
  3. Insurance Products through Reliable Insurance Services

The Bank of Missouri has IRA specialists ready to help setup and manage any of the following IRA plans:

Traditional IRA - SEP contributions

A traditional individual retirement account or individual retirement annuity (IRA) is a personal savings plan that offers tax benefits to encourage retirement savings. You can contribute up to the lesser of $5,000 in 2010 and 2011, or 100 percent of your taxable compensation to a traditional IRA. In addition, individuals age 50 and older can make an extra "catch-up" contribution of $1,000 in 2010 and 2011. Funds in a traditional IRA grow tax deferred until they are withdrawn. Contributions may be fully or partially tax deductible, depending on certain factors. 

Roth IRA

A Roth individual retirement account (IRA) is a personal savings plan that offers tax benefits to encourage retirement savings. You can contribute up to the lesser of $5,000 in 2010 and 2011, or 100 percent of your taxable compensation to a Roth IRA. In addition, individuals age 50 or older can make an extra "catch-up" contribution of up to $1,000 in 2010 and 2011. Contributions to a Roth IRA are not tax deductible, but the funds grow tax deferred and distributions are tax free under certain conditions.  

Coverdell Savings Accounts

A Coverdell education savings account is a tax-advantaged educational savings account that you can establish for any child under the age of 18 (this age limit does not apply to beneficiaries with special needs).   Contributions to a Coverdell ESA can total up to $2,000 each year. Contributions are made with after-tax dollars, but distributions used to pay qualified education expenses are income tax free at the federal level. States may also exempt such distributions from state income tax.  Note: The provisions of the Economic Growth and Tax Relief Reconciliation Act of 2001 increased the annual contribution limit for Coverdell ESAs to $2,000, and the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 extended this contribution limit through 2012.