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Deposit Services

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There’s no better place to grow wealth than with one of our many deposit solutions. Each one is backed with the security of the FDIC and designed to keep your finances accessible as your investments develop.

Deposit Account Options

Below is a list of our current deposit accounts. Select one of the items below to be taken to a complete description.

Traditional Checking

Bank of Cordell’s traditional checking account provides all the features that you’d expect in a checking account. As long as your account meets the balance requirements, there are no fees for transactions or monthly maintenance.

Opening Deposit: A minimum of $100.00 is required to open a traditional checking account.

Account Fees: There are no monthly maintenance or transaction fees if your account maintains a $500.00 average daily ledger balance. If your account balance falls below these requirements, there is a monthly fee of $3.00, and each check or debit transaction is $0.10 each. If your account is overdrawn, you’ll be assessed the overdrawn balance at the rate of eighteen percent (18%) a year.

Traditional Savings

Our Savings Account provides you with a way to easily deposit your funds into an interest-bearing account.

Rate Information: This Account is an interest-bearing account. Interest begins to accrue no later than the business day we receive credit of for the deposit of noncash items (for example, checks).  Interest will be compounded quarterly and will be credited to the account quarterly.  If the account is closed before interest is credited you will not receive the accrued interest.

Balance Information: We use the daily balance method to calculate the interest on the account.  This method applies a daily periodic rate to the principal in the account each day.  We will use an interest accrual basis of 365 (or 366 in leap year) for each day in the year.  You must maintain a minimum balance of $100.00 in the account each day to obtain the disclosed annual percentage yield.  

Opening Deposit: You must deposit $100.00 to open this account. You may make six (6) transfers from your account each quarter.

Account Fees: There is no quarterly maintenance fee if the account maintains a $100.00 average quarterly ledger balance.  If the account falls below the balance requirements, the quarterly maintenance fee is $2.50.  Each additional transfer over the six (6) allowed is $1.00 each.

55 Plus

For our customers over the age of 55, we offer a personal account, the 55 Plus account. It provides 55 Plus checking account features without monthly maintenance or transactions fees. There’s also no minimum required balance.

Opening Deposit: A minimum of $50.00 is required to open a traditional checking account.

Account Fees:  If the account is overdrawn, interest will be assessed against the overdrawn balance at the rate of eighteen percent (18%) per year.

Student Account

Our Student Account provides students with a personal account that offers all the student features of a checking account without a required minimum balance. This account is also offered without any fees for transactions or monthly maintenance. 

Opening Deposit: A minimum of $50.00 is required to open a traditional checking account.

Account Fees: If the account is overdrawn, interest will be assessed against the overdrawn balance at the rate of eighteen percent (18%) per year.

The Club Plus Checking (Best Deal)

Only for personal accounts, the Club Plus Checking account provides the traditional checking account features with so much more. You’ll get unlimited checking, $20,000.00 in accidental death insurance, savers club discount book, emergency cash service, credit card protection service, lost key return service, newsletter, membership card, free special member personalized checks, cashier’s checks and money orders, medical emergency data card, medical data source, home inventory log, safe deposit  box log, and travel advantage service.  It’s our best deal for a reason!

Opening Deposit: A minimum of $100.00 is required to open a Club Plus checking account.

Account Fees: There is a monthly maintenance fee of $6.00.  If the account is overdrawn, interest will be assessed against the overdrawn balance at the rate of eighteen percent (18%) per year.

The Club Checking 

For personal accounts only, our better-than-free Club Checking Account provides all the traditional checking account features you’d expect with unlimited checking, $5,000.00 accidental death insurance, savers club discount book, emergency cash service, credit card protection service, lost key return service, newsletter, membership card, and your first order of special member personalized checks, all free when you keep a $100.00 minimum daily balance. 

Opening Deposit: A minimum of $100.00 is required to open The Club checking account.

Account Fees: There is a monthly maintenance fee of $9.00, should your balance drop below $100.00.  If the account is overdrawn, interest will be assessed against the overdrawn balance at the rate of eighteen percent (18%) per year.

Interest Checking

The Interest Checking account provides traditional checking account features along with competitive market interest rates to help your money grow while it’s in the bank. There are no monthly maintenance or transaction fees as long as the account meets the balance requirements.

Rate Information: Our Interest Checking account is an interest-bearing account.  The interest rate and annual percentage yield are included in the Rate Chart.  The interest rate and annual percentage yield may change.  At our discretion, we may change the interest rate on the account daily.  Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks).  Interest will be compounded monthly and will be credited to the account monthly.  If the account is closed before interest is credited you will not receive the accrued interest. 

Balance Information: We use the daily balance method to calculate the interest on the account.  This method applies a daily periodic rate to the principal in the account each day.  We will use an interest accrual basis of 365 (or 366 in leap year) for each day in the year.  You must maintain a minimum balance of $500.00 in the account each day to obtain the disclosed annual percentage yield.   

Opening Deposit: A minimum of $500.00 is required to open an Interest checking account.

Account Fees: There are no monthly maintenance or transaction fees if the account maintains a $500.00 average daily ledger balance.  If the account falls below the balance requirements, the monthly maintenance fee is $5.00, and each check or other debit is $0.10 each.  If the account is overdrawn, interest will be assessed against the overdrawn balance at the rate of eighteen percent (18%) per year.

The Club Interest Checking

The Club Interest Checking is a personal account that provides all the features of our Club Plus account; unlimited checking, $20,000.00 accidental death insurance, savers club discount book, emergency cash service, credit card protection service, lost key return service, newsletter, membership card, free special member personalized checks, cashier’s checks and money orders, medical emergency data card, medical data source, home inventory log, safe deposit box log, and travel advantage service.  It also earns the competitive market interest rates of our Interest Checking account.  

Rate Information: This Account is an interest-bearing account.  The interest rate and annual percentage yield are included in the Rate Chart.  The interest rate and annual percentage yield may change.  At our discretion, we may change the interest rate on the account daily.  Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks).  Interest will be compounded monthly and will be credited to the account monthly.  If the account is closed before interest is credited you will not receive the accrued interest.

Balance Information: We use the daily balance method to calculate the interest on the account.  This method applies a daily periodic rate to the principal in the account each day.  We will use an interest accrual basis of 365 (or 366 in leap year) for each day in the year.  You must maintain a minimum balance of $500.00 in the account each day to obtain the disclosed annual percentage yield.   

Opening Deposit: A minimum of $500.00 is required to open a Club Interest checking account.

Account Fees: There is a monthly maintenance fee of $7.50.  If the account is overdrawn, interest will be assessed against the overdrawn balance at the rate of eighteen percent (18%) per year.

Money Market Checking

This account provides the best features of both our Interest Checking account and a traditional Certificate of Deposit. This account gives you check-writing abilities with the benefit of higher interest rates.  There is no monthly maintenance fee as long as the account meets the balance requirements.  

Rate Information: This Account is an interest-bearing account.  The interest rate and annual percentage yield are included in the Rate Chart.  The interest rate and annual percentage yield may change.  At our discretion, we may change the interest rate on the account daily.  Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks).  Interest will be compounded monthly and will be credited to the account monthly.  If the account is closed before interest is credited you will not receive the accrued interest.

Balance Information: We use the daily balance method to calculate the interest on the account.  This method applies a daily periodic rate to the principal in the account each day.  We will use an interest accrual basis of 365 (or 366 in leap year) for each day in the year.  You must maintain a minimum balance of $1,000.00 in the account each day to obtain the disclosed annual percentage yield.   

Opening Deposit: A minimum of $1,000.00 is required to open a Money Market checking account.You may make six (6) transfers from your account each four (4) week or similar period, if by preauthorized or automatic transfer, or telephone (including data transmission) agreement, order or instruction.

Account Fees: There is no monthly maintenance fee if the account maintains a $1,000.00 minimum daily ledger balance.  If the account falls below the balance requirements, the monthly maintenance fee is $5.00, and each check or debit is $0.10 each.  Each additional transfer from your account over the six (6) allowed is $7.50 each.  If the account is overdrawn, interest will be assessed against the overdrawn balance at the rate of eighteen percent (18%) per year.

The Club Money Market Checking

Bank of Cordell’s Club Money Market Checking provides all the benefits of the Club Plus account. It features; unlimited checking, $20,000.00 accidental death insurance, savers club discount book, emergency cash service, credit card protection service, lost key return service, newsletter, membership card, free special member personalized checks, cashier’s checks and money orders, medical emergency data card, medical data source, home inventory log, safe deposit  box log, and travel advantage service.  In addition to the Club Plus benefits, this account earns the competitive market interest rates of our Money Market Checking account.  

Rate Information: This Account is an interest-bearing account.  The interest rate and annual percentage yield are included in the Rate Chart.  The interest rate and annual percentage yield may change.  At our discretion, we may change the interest rate on the account daily.  Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks).  Interest will be compounded monthly and will be credited to the account monthly.  If the account is closed before interest is credited you will not receive the accrued interest.

Balance Information: We use the daily balance method to calculate the interest on the account.  This method applies a daily periodic rate to the principal in the account each day.  We will use an interest accrual basis of 365 (or 366 in leap year) for each day in the year.  You must maintain a minimum balance of $1,000.00 in the account each day to obtain the disclosed annual percentage yield.  

Opening Deposit: A minimum of $1,000.00 is required to open a Club Money Market checking account.You may make six (6) transfers from your account each four (4) week or similar period, if by preauthorized or automatic transfer, or telephone (including data transmission) agreement, order or instruction.

Account Fees: There is a monthly maintenance fee of $7.50.  Each additional transfer from your account over the six (6) allowed is $7.50 each.  If the account is overdrawn, interest will be assessed against the overdrawn balance at the rate of eighteen percent (18%) per year.

Commercial Checking

Our Commercial Checking Account is intended for use by businesses and organizations, with the traditional features associated with a checking account.

Opening Deposit: You must deposit $100.00 to open this account.

Account Fees: There is a $5.00 monthly maintenance fee, $0.10 per transaction fee, $0.05 per deposited item fee.  Earnings credit of $0.10 per $100.00 average balance for the statement cycle.  If the account is overdrawn, interest will be assessed against the overdrawn balance at the rate of eighteen percent (18%) per year.

Certificates of Deposit

Put your money to work without fear or risk. Our Certificates of Deposit (CDs) give you the ability to invest safely. With competitive rates of return and deposit amounts that are convenient for all types of investors, there’s no reason that your money should ever just sit in the bank. Call one of our bankers today and see what option could work for you.

Safe Deposit Boxes

Need a safe place to keep your valuables?

We proudly offer safe deposit boxes of all shapes and sizes to fit your needs. Please call for current pricing.

Member FDIC

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Fees & Services

Account Printout:

$1.00 per account

Account Research:

$20.00 per hour plus $.25 per paper copy plus $1.00 microfilm copy

($15.00 minimum)

ATM/Debit Cards:

FREE  /  $0.00 Initial Card Issuance

FREE  /  $0.00 Monthly FeeIssued upon approval

No additional charge from Bank of

Cordell when used for purchases

Cashiers Checks:

$1.00 for customers
$3.00 for non-customers

Chargebacks:

$1.00 per item

Collection Items:

Incoming: No Charge

Outgoing: $10.00

Foreign: $15.00

Debit Card Replacement:

$5.00 per card

Deposit Bags:

Zipper Bags: $5.00

Locked Bags: $25.00 per bag

Faxes:

Incoming: $0.25 per page

Outgoing: $1.00 1st page, $0.50 additional pages

Garnishment:

$25.00 per account

Insufficient Funds:

Paid or Returned: $20.00 per item

Letter of Credit:

1% of total ($25.00 Minimum)

Money Orders:

$1,000 limit

Bank Club: No Charge

Non-Bank Club: $2.00 per check (Cash only purchase)

Mortgage Verification of Deposit:

$10.00 per Verification

Notary Services:

Bank Club: No Charge

Non Bank Club: $2.00

NSF Transfer Protection:

No cost for this feature

This feature allows the customer to automatically transfer money from one account to another to cover NSF checks. The amount needed to cover the NSF check will be transferred.  The customer will not be charged an NSF fee, as long as funds are available to cover the NSF check. There is no charge for this feature. Please contact us to get this feature set up.

Photocopy:

$0.25 per copy

Special Statement:

$5.00

Stop Payment:

$20.00 per Check

Telephone Transfer:

No Charge

Wire Transfers:

$10.00 charge for all wires within the United States

$35.00 charge for all international wiresIncoming

Customer Wire: No Charge

Incoming Non-Customer Wire: $10.00

Contact Our Deposit Team

Do you have questions about our deposit accounts? Fill out the form below and one of our deposit team representatives will be in contact with you to answer any questions you have.

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