Rewards Club Checking
Member Benefits
Free Personalized Checks*
$10k Accidental Death & Dismemberment Insurance
$5k Identity Fraud Expense Coverage
Credit Card Registration
Key Tag Return
Safe Deposit Journal
Entertainment® SaversGuide®
Rental Car Discounts
Theme Park & Movie Tickets
Flowers, Gifts & Greenery
Walk-In Pharmacy Card
Vitamins, Minerals & Herbs
Internet Access of Benefits
Total Estimated Annual Savings - $542
Minimum balance to open the account - $100.00 required opening deposit.
Daily balance computation method - Interest earned on $1,000 or more. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Accrual of interest on non-cash deposit - Interest begins to accrue on the business day you deposit non-cash items (e.g. checks).
Rate Information - Your interest rate and annual percentage yield may change.
Frequency of rate change - We may change the interest rate on your account at any time.
Determination of rate - At our discretion, we may change the interest rate on your account.
Compounding and crediting frequency - Interest will be compounded every month. Interest will be credited to your account every month.
Deposit account disclosures - Complete deposit account disclosures containing terms and fee information are available upon request.
Insurance - Coverage is divided equally amoung joint account owners. Insurance is offered through the company named on the certificate of insurance provided at the time of account opening. Insurance products are not insured by FDIC or any Federal Government Agency. Insurance products are not a deposit of our guaranteed by the bank of any bank affiliate.
Effect of closing an account - If you close your account before interest is credited; you will not receive the accrued interest.
Fees - $6.00 monthly service fee
Rewards Club 55 offers all the benefits of Rewards Club, but at a special $5.00 monthly service fee instead of the normal $6.00 fee.
*free Rewards Club checks or 30% discount on other styles
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Regular Checking
Minimum balance to open the account - You must deposit $100.00 to open this account.
Minimum balance to avoid imposition of fees - A service charge fee of $4.00 will be imposed every statement cycle if the balance in the account falls below $400.00 any day of the cycle. This fee will be waived for customers over 62 years of age upon notification.
Additional Benefits:
Free ATM/Debit card
First 50 checks free
Free notary public service
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LV Gold Checking
Rate Information - Your interest rate and annual percentage yield may change.
Frequency of rate changes - We may change the interest rate on your account at any time.
Determination of rate - At our discretion, we may change the interest rate on your account.
Compounding and crediting frequency - Interest will be compounded every month. Interest will be credited to your account every month.
Effect of closing an account - If you close your account before interest is credited; you will not receive the accrued interest.
Minimum balance to open account - You must deposit $100.00 to open this account.
Daily balance computation method - We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Accrual in interest in non-cash deposits - Interest begins to accrue on the business day you deposit non-cash items (for example, checks).
Additional Benefits:
Free ATM/Debit card
Two free boxes of checks per year
No monthly service charge
Free notary public service
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Passbook Savings
Rate Information - Your interest rate and annual percentage yield may change.
Frequency of rate changes - We may change the interest rate on your account at any time.
Determination of rate - At our discretion, we may change the interest rate on your account.
Compounding and crediting fequency - Interest will be compounded daily, paid semi-annually.
Effect of closing an account - If you close your account before interest is credited; you will not receive the accrued interest.
Minimum balance to open the account - You must deposit $50.00 to open this account. The minimum balance requirement will be waived for minors.
Daily balance computation method - We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Accrual of interest on non-cash deposits - Interest begins to accrue the business day you deposit non-cash items (e.g. checks).
Fees - A per item fee of $1.00 will be charged for each withdrawal in excess of two during a calendar month.
Additional Benefits:
Free ATM card
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ATM
Enjoy the convenience and flexibility of ATM banking. Bank of Gravett offers three ATM locations. You may make deposits, make withdrawals, transfer funds or check your balance with either your ATM or Visa® debit card.
Give your deposit accounts added power and flexibility with:
ATM Card - Offering full 24/7 access to your accounts.
Debit Card - Works like a check anywhere you see the Visa® logo, and there are millions of merchant locations where you can use your check card.
Safer than carrying cash.
$1,000/day limit on Point of Sale [POS].
Your personal information like address, phone and drivers license number stay confidential.
Also works as an ATM card [$300 cash withdrawal limit per day]
ATM Locations
1. In Gravett, our ATM facility is located in our Motor Bank Branch along Highway 72 at 303 SE Atlanta.
2. In Hiwasse, the location is 13540 West Highway 72.
3. In Centerton, on the East side of the bank building at 192 East Centerton Blvd.
In addition to Bank of Gravett cards, we accept any debit or credit card through the Cirrus® and Pulse® networks. The logo of your accepted providers appears on the back of your card.
>>download Debit Card application<<
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Money Market
Rate Information - Your interest rate and annual percentage yield may change.
APY requirements - You must maintain a minimum balance of $2,500 each day to obtain the disclosed annual percentage yield.
Frequency of rate changes - We may change the interest rate on your account at any time.
Determination of rate - At our discretion, we may change the interest rate on your account.
Compounding and crediting frequency - Interest will be compounded every month. Interest will be credited to your account every month.
Effect of closing an account - If you close your account before interest is credited; you will not receive the accrued interest.
Minimum balance to open account - You must deposit $2,500.00 to open this account.
Daily balance computation method - We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Accrual in interest in non-cash deposits - Interest begins to accrue on the business day you deposit non-cash items (for example, checks).
Transaction Limitations - Transfers from a Money Market Deposit account to another account or to third parties by preauthorized, automatic, or telephone transfers are limited to six per statement cycle.
Fees - A per item fee of $5.00 will be charged for each debit transaction (withdrawal, check paid, automatic transfer or payment out of this account) in excess of six during a statement cycle.
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NOW Checking
Minimum balance to open the account - You must deposit $1,000.00 to open this account
Minimum balance to avoid imposition of fees - A service charge fee of $6.00 will be imposed every statement cycle if the balance in the account falls below $1,000.00 any day of the cycle. This fee will be waived if you maintain a $2,000.00 minimum daily balance in a Super Now, Money Market Deposit, Senior (LV) Gold, or Regular Savings account.
Daily balance computation method - We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Accrual of interest on non-cash deposit - Interest begins to accrue on the business day you deposit non-cash items (e.g. checks).
Rate Information - Your interest rate and annual percentage yield may change.
APY requirements - You must maintain a minimum balance of $1,000 each day to obtain the disclosed annual percentage yield.
Frequency of rate change - We may change the interest rate on your account at any time.
Determination of rate - At our discretion, we may change the interest rate on your account.
Compounding and crediting frequency - Interest will be compounded every month. Interest will be credited to your account every month.
Effect of closing an account - If you close your account before interest is credited; you will not receive the accrued interest.
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Super NOW
Rate information - Your interest rate and annual percentage yield may change.
APY requirements - You must maintain a minimum balance of $2,500 each day to obtain the disclosed annual percentage yield.
Frequency of rate changes - We may change the interest rate on your account at any time.
Determination of rate - At our discretion, we may change the interest rate on your account.
Compounding and crediting frequency - Interest will be compounded every month. Interest will be credited to your account every month.
Effect of closing an account - If you close your account before interest is credited; you will not receive the accrued interest.
Minimum balance to open the account - You must deposit $2,500.00 to open this account.
Daily balance computation method - We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Accrual of interest on non-cash deposits - Interest begins to accrue on the business day you deposit non-cash items (e.g. checks).
Fees - A per item fee of $.25 will be charged for each debit transaction (withdrawal, check paid, automatic transfer or payment out of this account).
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Christmas Club
Minimum balance to open the account - You must deposit the minimum coupon amount of $1 to open this account.
Bonus - All deposits to this account must be in the prearranged amount of your coupon. Christmas club is paid during the first week of November.
Frequency of rate changes - We may change the interest rate on your account at any time.
Determination of rate - At our discretion, we may change the interest rate on your account.
Compounding and crediting frequency - Interest will be compounded every month. Interest will be credited to your account every month.
Effect of closing an account - If you close your account before interest is credited; you will not receive the accrued interest.
Daily balance computation method - We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
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CD Rates
Bank of Gravett CD rates are only available online to registered BoGie users. If you are not a registered BoGie user, get our current rates by calling one of our branches.
To find location info and numbers visit our locations page.
At this time we do not accept brokered deposit funds, or deposits originating outside our trade area.
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Loan Department
Our team of professional loan officers have a wide range of loan products at their disposal to assist you in your financial needs.
Consumer loans:
Automobile [new and used]
Mortgage loans:
Purchase or refinance residential real estate property
In-house variable rate - terms of up to 20 years
Full range of variable and fixed rate mortgages
Terms of up to 30 years, including:
Conventional
USDA Rural Housing approved lender
VA
Commercial loans
Term financing for purchase/refinance of real estate
Term financing for purchase of equipment and machinery
Construction projects
Lines of credit
Agricultural loans:
Term financing of machinery and equipment
Livestock purchases
Lines of credit
We invite you to contact any of our officers to inquire about the specifics of any loan product we offer, or to apply for a loan with Bank of Gravett.
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Services and Fees
The following information pertains to Bank of Gravett accounts
Bounce Protection/*NSF Checks each item — $25.00
Non-sufficient Funds
Account activity printout — $3.00
Account research min. one hour — $15.00
Each additional half hour or fraction thereof — $5.00
first copy — $5.00
each additional copy — $1.00
Checkbook reconciliation min. one hour — $15.00
Each additional half hour — $5.00
Stop Payments and Alerts each item — $20.00
effective April 1, 2008
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Common Features & Miscellaneous Fees
The following fees may be collected from you or assessed against your account and the following transaction limitations, if any, may apply to your account.
Check printing — fee depends on style of check ordered
Cashier's Checks — $2.00
Money Orders — $1.00
Traveler's Cheques
single signature — $1.00 for every $100.00
double signature — $1.50 for every $100.00
Dormant account fee* per account — $5.00
this fee is charged once every 12 months
*A savings account is dormant if, for 12 months, you have made no deposits or withdrawals to the account and the balance is less than $200.00
ATM replacement card each card — $2.00
Debit Card replacement card each card — $5.00
Photocopy charges
First copy — $0.25
Each additional copy — $0.10
Fax charges
Outgoing [single page] — $2.00
each additional page — $0.25
Incoming [single page] — $1.00
each additional page — $0.25
Wire transfer charges
Outgoing — $20.00
Incoming — $10.00
Foreign wire transfer charge [outgoing] — $38.00
Safe deposit box charges
annual fees & key deposit
3"×5" — $15.00
4"×5" — $15.00
5"×5" — $23.00
3"×10" — $27.00
5"×10" — $30.00
10"×10" Hiwasse & Centerton only — $40.00
Key deposit — $10.00
Purchase of treasury securities [bills, notes, and bonds] — $70.00
Notary Public service charge [non-customer] — $3.00
Escrow/Note collections
Set-up fee — Fee varies by amount of contract
Note without escrow documents — Varies by amount of contract
Customer collection fees
Deposit to payee account per payment — Ask for schedule
Remit to payee per payment — Ask for schedule
