Bank of Gower

Interest Bearing Accounts

At our discretion, we may change the interest rate and annual percentage yield on your account at any time. Interest begins to accrue on the business day you make a deposit. Interest will be compounded and credited to your account on every monthly statement for checking accounts. Interest will be calculated on the average daily balance method. This method applies a daily periodic rate to the principal in the account each day.

The current rate is available by calling 816-424-6476 or inquiring at our institution.

Now Checking Account

Minimum balance to open account is $1,000.00

Service charge and activity charge will be assessed each statement cycle if the balance falls below $1,000.00

Money Market Accounts

$1,000.00 minimum balance to open account.

Service Charges

A maintenance fee of $8.00 will be assessed if the balance falls below $1,000.00 during the cycle.

Transaction Limitations

No more than six (6) pre-authorized debits each statement cycle.  This includes checks written, telephone transfers, automated clearing house (ACH) debits, or other pre-authorized drafts.  And, no more than three (3) of the debits may be in the form of checks to third parties.  No limitation is made on the number of withdrawals or transfers made in person or by mail.

Passbook Savings Account

$50.00 minimum balance to open account.

Interest will be compounded and credited to your account every quarter.  Statements will be prepared every quarter.

Maintenance Fees

A maintenance fee of $3.00 will be assessed every quarter if the balance drops below $50.00.