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Whether you are saving for your dream home, your first car or even your child's education, McClain Bank can help.

Savings Account Opening Balance Balance To Avoid Service Charge Interest Bearing
Regular Savings $100 $100 Yes

Regular Savings

McClain Bank's Regular savings account is our most flexible savings plan. Customers may deposit or withdraw available funds at any time. Interest is compounded and added to the account quarterly.

  • $100 initial deposit to open the account
  • No monthly maintenance fee if you maintain a $100 average daily balance, otherwise the account is charged $4.95
  • UNLIMITED deposits
  • 3 FREE withdrawals per quarter
  • Can be linked to checking account to avoid overdraft penalties

Kids Klub Savings $25 None Yes

Kids Klub Savings

McClain Bank's Kids Klub savings account is a great way to encourage saving among the younger generations. Customers may deposit or withdraw available funds at any time. Interest is compounded and added to the account quarterly.

  • $25 initial deposit to open the account
  • Must be younger than 15 at time of account opening
  • No monthly maintenance fee
  • UNLIMITED deposits
  • 3 FREE withdrawals per quarter

Certificates of Deposit $1,000 Early withdrawal penalty may apply Yes

Certificates of Deposit

McClain Bank's CDs provide competitive rates with terms from 91 days to five years. With as little as $1,000 you can open your own Certificate of Deposit (CD).

  • $1,000 initial deposit
  • Variety of Terms
  • Various interest payment options (quarterly compounding, automatic deposit to any account or payment by check)
  • Automatic renewal option
  • 10 day grace period following automatic renewal to withdraw without a penalty
  • Peace of mind knowing deposits are FDIC insured up to the maximum amount allowable

IRAs $100 Early withdrawal penalty may apply Yes

Individual Retirement Accounts

McClain Bank's IRAs provide competitive rates and various terms ranging from one to four years. With as little as $100 you can open your own IRA and get you started saving toward retirement today! We offer Traditional, ROTH, SEP and Coverdell Education IRA plans.

  • $100 initial deposit
  • Variety of Terms
  • Fixed or Variable rates available
  • Interest compounded quarterly
  • Automatic renewal option
  • Peace of mind knowing deposits are FDIC insured up to the maximum amount allowable

Substantial penalties may apply for early withdrawal. Please consult a tax advisor.


HSAs $100 None Yes

Health Savings Accounts (HSA)

Health Savings Account (HSA) enables you to lower your health insurance premium, reduce your income taxes, and build an additional retirement account.

Lower your health insurance premium. High Deductible Health Plan is required but it is less expensive than traditional health insurance.

Reduce your income taxes. Money deposited in your HSA is 100% tax deductible and can be withdrawn to pay for medical expenses, tax free.

Additional Retirement income. You always own the account. The funds in your HSA are always yours and grow tax-deferred like an IRA. At age 65 the money can be withdrawn penalty free for any reason. And catch up contributions are available for people age 55 and over.

Employers may also open an account for employees.

  • $100 initial deposit to open the account
  • No Service Charge
  • Access your HSA conveniently with a check or McClain Bank debit card
  • First order of checks - FREE

Ten percent tax penalty on withdrawals made for unqualified expenses. Please consult a tax advisor.


Also Available with Personal Savings Accounts: