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| Statement Savings |
With a Bank of Indiana Statement Savings Account, you can earn interest while having access to your funds at any time.
Account Features
Minimum to Open Account: A minimum initial deposit of only $10 is needed to open a Statement Savings Account.
Interest: Interest will be paid quarterly with quarterly statements.
Service Charges: There is no monthly service charge if your daily balance stays above $500. A service charge of $3.00 will be imposed every quarter if the balance in the account falls below $500 any day of the quarter. You will receive six free items per month, with a $1.00 charge for each item after the sixth. Anyone less than 21 years old or more than 62 years old is exempt from monthly service charges.
Youth Feature: No service charges apply for customers aged 18 or younger.
Earns Interest: Interest on Statement Savings Accounts is compounded quarterly and credited to your account.
Withdrawals: You will be allowed 12 withdrawals per quarter from your Statement Savings Account. Each withdrawal over 12 will be charged $2.00 per transaction.
Contact us or stop by our banking center today for more information, to check current rates and fees, or to set up your Statement Savings Account.
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| Indiana Gold |
If you can maintain a very high balance and want to earn maximum interest, then an Indiana Gold Account is the right savings option for you.
Account Features
Minimum to Open Account: A minimum initial deposit of at least $10,000 is needed to open an Indiana Gold Account.
$10,000 Balance: If the daily balance falls below $10,000 any day of the month, a monthly service fee of $8 will be charged.
Withdrawals: The only withdrawals allowed from an Indiana Gold Account are transfers to a companion, non-interest-bearing demand account at Bank of Indiana. You may make unlimited in-person or ATM transfers to the companion account in increments of $1,000.
No Checks: There is no checking option available with an Indiana Gold Account.
In addition, the following services are available to you when you open an Indiana Gold Account with Bank of Indiana:
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Combined Statements |
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Bank By Mail |
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Auto Transfers |
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Night Deposit |
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Drive Thru Service |
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Electronic Funds Transfers |
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Internet Banking |
Contact us or stop by our banking center today for more information, to check current rates and fees, or to set up your Indiana Gold Account.
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| Christmas Club |
If you want to make saving money for holiday shopping easier while earning interest, then consider opening a Christmas Club Account with Bank of Indiana.
Account Features
Minimum to Open Account: You only need to deposit $1 to open a Christmas Club Account.
Automatic Payments: You may make automatic deductions from your checking account to this account.
Flexible Coupon Books: You will receive a coupon book to make payments at any time.
Club Checks: You will receive your distribution check in November so you can start your shopping early.
In addition, the following services are available to you when you open a Christmas Club Account with Bank of Indiana:
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Bank By Mail |
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Auto Transfers |
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Night Deposit |
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Drive Thru Service |
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Electronic Funds Transfers |
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Internet Banking |
Contact us or stop by our banking center today for more information, to check current rates and fees, or to set up your Christmas Club Account.
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| Certificates of Deposit |
Bank of Indiana offers Certificate of Deposit accounts if you want to earn a higher interest rate on your funds for a specified dollar amount over a specified length of time.
Account Features
Minimum to Open Account: A minimum initial deposit of $500 is needed to open this account.
Term: Various term lengths are available ranging from 90 days to five years.
Rate Guaranteed for Term Selected: The interest rate is fixed for the term of the certificate.
Personal or Commercial: Certificates of Deposit are available to both individuals and businesses.
Withdrawals: A penalty will be applied for withdrawal of funds before completion of term.
Contact us or stop by our banking center today for more information, to check current rates and fees, or to set up your Certificate of Deposit Account.
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| Individual Retirement |
If you want to be financially secure after retirement, then consider opening an Individual Retirement Account with Bank of Indiana. Our CD IRAs are an excellent way to save and can offer important tax saving advantages.
Account Features
Minimum to Open Account: A minimum initial deposit of $500 is needed to open this account.
Term: Various term lengths are available ranging from 90 days to five years.
Rate Guaranteed for Term Selected: The interest rate is fixed for the term of the certificate.
Both traditional and Roth IRAs offer the following benefits:
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FDIC insurance up to $100,000 |
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Full or partial tax-deductible contributions |
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Tax-deferred earnings |
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May be eligible for penalty-free withdrawals |
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May be eligible for withdrawals |
Contact us or stop by our banking center today to speak with one of our investment specialists about opening an Individual Retirement Account.
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Equal Opportunity Employer |
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Bank of Indiana Member FDIC |
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Equal Housing Lender |
©Bank of Indiana
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