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We offer you a variety of savings choices to fit all your financial needs with no monthly service charges and some of the most competitive rates in the area. Whether you are saving for the short term or for a long-range plan, we have a savings product for you. |
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| Product | Type of Compounding | Minimum Balance to Open | Minimum Balance to Earn APY | Annual Percentage Yield (APY) | ||
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| Passbook Savings* | Monthly | $10 | $10 | 1.01% | ||
| Statement Savings* | Monthly | $10 | $10 | 1.01% | ||
| Holiday Club* | Monthly | $5 | $10 | 1.01% | ||
| Fees may reduce earnings. *Rates are variable and may change after account opening. | ||||||
Passbook Savings
A liquid savings account that offers a competitive variable rate of interest with no monthly fee. This account has a passbook for easy record keeping. You may open it with as little as $10 and earn interest with a minimum balance of $10.
Statement Savings
A liquid savings account that offers a competitive variable rate of interest with no monthly fee. You may open a Statement Savings account with as little as $10 and earn interest with a minimum balance of $10.
The Statement Savings Account provides you with:
- A convenient monthly statement that records all your activity
- An ATM card for convenient 24-hour access to funds
- Up to six automatic payments per month
- Easy transfers to or from your checking account via ATM, phone, or computer
Money Market
Our Money Market Account earns a competitive variable rate of interest that increases with your balance and no monthly fee. This account allows for unlimited Bank of Canton ATM and in-person withdrawals as well as up to six automatic payments per month. In addition, this account allows for limited check access. You may open a Money Market Account with a minimum deposit of $2,500 and earn interest with a minimum balance of $10.
Holiday Club
Save for the Holidays or a special purchase with our Holiday Club Account. This account is a savings account that offers a competitive variable interest rate with no monthly fee. This account has a passbook for easy record keeping. Deposits can be made in any amount at any time throughout the year and you may open it with as little as $5.
Interest is credited once a year at maturity and the funds will be sent to you in a check in early October. If any withdrawal is made from this account before club maturity, the account will be closed.
If you are looking for a longer-term savings product, view information about our Certificates of Deposit.
Convenient Optional Services
- Free Checking with Interest
- ATM Cards ( other than Holiday Club and Passbook Savings)
- Bank 24-Hours a day with a Bank of Canton ATM card. This card allows you to access cash, make deposits and perform balance inquiries at any Bank of Canton machine at no charge.
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We are also a member of the SUM network that allows you to access cash surcharge free at hundreds of ATMs. |
You may also access cash worldwide through any NYCE or Cirrus network for a charge of $1 (waived for Emerald Club members.)*
100% Deposit Insurance Protection
Bank of Canton is a member of both the Federal Deposit Insurance Corporation (FDIC) and the Depositors Insurance Fund (DIF). The FDIC insures all deposits up to $100,000 and the DIF insures all deposits above that amount. At Bank of Canton, your deposits are fully protected, regardless of the size of your balance or combined balances.
*Some banks may surcharge for the use of their ATM machine.
