Our Money Market and Savings Accounts are designed to help you save for the future. Georgia Commerce Bank offers several ways to help you reach your goals, including both short-term and long-term investments.
Georgia Commerce Premium Money Market
The Georgia Commerce Premium Money Market Account offers a rate that reflects your specific needs. The more you invest, the more you earn. Customers also receive easy access to their funds.
- You may avoid monthly service charges on this account by maintaining a minimum daily balance of $1,000 or an average daily balance of $2,500
- Minimum to open $1,000
- A $10.00 monthly service charge will apply if the above balance is not maintained
- Interest will compound daily on collected balances of $1,000 or more
- Interest will be credited to your account monthly
- The Premium Money Market Account is tiered to reward higher balances with a premium rate of interest
- Tier I $1,000 – $9,999
- Tier II $10,000 – $49,999
- Tier III $50,000 – $99,999
- Tier IV $100,000
Federal Regulations limit third party or preauthorized withdrawals to six per statement cycle. A fee of $15.00 will be charged for each withdrawal in excess of six during a statement cycle.
Georgia Commerce Personal Savings
The Georgia Commerce Personal Savings Account pays a competitive interest rate.
- Minimum balance to open $100.00
- Maintain a minimum balance of $200.00 to avoid service charge of $5.00
- Interest is compounded daily and credited quarterly
- $3.00 per each debit in excess of 6 during the quarter
Georgia Commerce Youth Savings
Children under the age of 18 are eligible for a savings account with no monthly service charge and no minimum balance requirements.
- No minimum balance to open
- Interest will be compounded daily and credited quarterly
- $3.00 for each debit in excess of 6 per quarter
Certificate of Deposit
Certificates of Deposit are longer-term investments with higher yields. Georgia Commerce Bank offers a variety of Certificates of Deposit. Rates vary according to the term selected. Certificates of Deposit are subject to a penalty for early withdrawal.
- Minimum to open $500.00
- You choose when the interest is paid (monthly, quarterly, semi-annually, or annually)
- Terms range from One (1) month to Sixty (60) months
- Competitive rate of interest
- Automatic renewal
- Interest may be reinvested, deposited to another account, or paid by check
Individual Retirement Accounts
An IRA is a convenient account that allows money to be set aside for retirement. IRA contributions can be tax deductible and there are no withdrawal penalties after reaching age 59 1/2. Interest income is deferred until retirement, when the customer’s tax rate may be lower. Early withdrawal penalties apply, as required by law.
- Terms range from Three (3) months to Sixty (60) months
- No minimum investment