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Passbook Savings Account

This account is a great way to save for the future, for a special purchase or for that time when the need for cash arises.

  • $10 minimum opening balance
  • No service charges.
  • Interest compounds and pays semi-annually.
  • Unlimited withdrawals.
  • Easy access to cash through SHAZAMChek Debit Card at ATM's (certain qualifications apply with SHAZAMChek).
  • 24 hour account access through GNBonline.
  • FDIC insured.

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Money Market Savings Account

This account is for those who seek to earn a higher rate on their savings and remain flexible, while maintaining a minimum balance.

  • $2,500 minimum opening balance.
  • No service charge.
  • No charge for check images with monthly statements.
  • Interest compounds and pays monthly.
  • Easy access to cash through SHAZAMChek Debit Card at ATM's (certain qualifications apply with SHAZAMChek).
  • 24 hour account access through GNBonline.
  • Minimum amount of withdrawals is $100 per transaction.
  • Limited to six transfers per statement cycle by telephone, preauthorized or automatic transfer, with no more than three by check or debit card.
  • FDIC insured.

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Christmas Club Savings Account

This savings plan is designed to assist you in saving for the holidays on a weekly basis.

  • Choose a weekly deposit plan ranging from as low as $3 per week up to $20 per week. This club anticipates 50 payments.
  • Interest is compounded and credited upon maturity. (If account is closed before interest is credited, you will not receive accrued interest).
  • This club begins in October and ends the next October.
  • Set up systematic savings through GNBonline or through automatic transfers.
  • FDIC insured.

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Vacation Club Account

This savings plan is designed to assist you in saving for your summer or winter vacation. You may also choose the flexibility of this savings plan for real estate taxes, home improvements or some planned special event.

  • You may open this club at any time of the year.
  • Choose a maturity from six month to one year.
  • Interest is compounded and credited upon maturity. (If account is closed before interest is credited, interest will be forfeited).
  • Available through automatic transfers from an existing account.
  • Deposits may be made weekly, bi-weekly or monthly.
  • FDIC insured

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Certificate of Deposit Account

Check out the wide range of flexible investment CD options we offer. An investment in a CD is a great way to save for the future without assuming risk.

  • $1,000 minimum opening balance except for special offerings.
  • Flexible terms of 91 days to 5 years.
  • Interest paid on of the following ways:
    • Compounded (interest added to the CD).
    • Paid by check.
    • Deposited directly to a checking or savings account.
  • Automatically renewable feature gives you the flexibility to renew at the current annual percentage yield while saving you a trip to the bank.
  • You will receive a pre-notice approximately 10 days prior to the maturity date of the certificate allowing you sufficient time to think about any changes you might wish to make to your investment. A maturity notice will also be sent on the maturity date of the certificate.
  • You have a 10 day grace period following the maturity date to make any desired changes. Interest will be paid for the first seven days of the 10 day grace period.
  • Penalty for early withdrawal.
  • FDIC Insured.

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IRA Accounts

The Granville National Bank believes that saving for retirement is one of the most important financial tasks you will ever undertake. The right savings plan provides a secure financial future. We offer IRA, SEP, KEOGH, SIMPLE and ROTH accounts.

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Traditional IRA
  • No fees
  • Earned income required to be eligible to deposit (income limitations).
  • Tax deferred interest until withdrawn.
  • Contributions cannot be made for the year you attain 70 years of age.
  • Variable and fixed investment options available.
  • Distributions are penalty free if taken after attaining age 59 .
  • Mandatory distributions upon attaining 70 years of age.
  • FDIC insured.

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SEP-IRA (Self Employed Pension Plan)
  • No fees
  • Earned income required to be eligible to deposit (income limitations).
  • Tax deferred interest until withdrawn
  • Contributions are tax deductible.
  • Contributions can be made after attaining age 70 if still have earned income.
  • Variable and Fixed investment options available.
  • Distributions are penalty free if taken after attaining age 59 .
  • Mandatory distributions upon attaining 70 years of age.
  • FDIC insured.

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ROTH IRA
  • No fees.
  • Earned income required to be eligible to deposit (income limitations).
  • Tax free interest after a five year holding requirement and:
  • 1. After you have attained 59

    2. After you have become disabled

    3. First-time home purchase (limitation)

    4. To your beneficiary after your death.

  • Distributions are not mandatory upon attaining 70 years of age.
  • Contributions are not tax deductible.
  • Contributions can be made after attaining age 70 if still have earned income.
  • Variable and Fixed investment options available.
  • FDIC insured.

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Simple IRA (Savings Incentive Match Plan for Employees of Small Employers)
  • No fees.
  • Must have earned income to be eligible to deposit (income limitations).
  • Tax deferred interest until withdrawn.
  • Contributions can be made after attaining age 70 if still have earned income.
  • Employer sponsored pension plan with 100 or fewer employees.
  • Employees deduct a percentage from each paycheck to be put into a SIMPLE IRA for themselves.
  • Variable and Fixed investment options available.
  • Mandatory distributions upon attaining 70 years of age.
  • FDIC insured.

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