Poplar Grove State Bank Rates & Review
- Savings
Updated: 2012-05-16 -
APY
0.10%
Min to Earn APY: $0 - Regular Savings - $3 monthly fee is waived with $50 minimum daily balance
- CD Rates
Updated: 2012-05-16 - .
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Poplar Grove State Bank Review
Since 1946, Poplar Grove State Bank has been providing community banking services to the residents of Poplar Grove, Illinois.
Poplar Grove State Bank, founded by a group of local citizens in 1946, has grown from a staff of three to 15 employees at two branches. The bank headquarters are in Poplar Grove. The bank has remained in the hands of local residents after being sold in 1962 to the Kniep family. Bank president Kent H. Kniep joined the bank in 1980.
The bank holds more than $57 million in assets and has earned a 3.5 "good" rating from Bauer Financial.
Banking products
Poplar Grove State Bank customers have several options when it comes to their savings. The bank offers a traditional savings account as well as a money market account with a required minimum balance of $2,500.
Customers of Poplar Grove State Bank can choose between a regular checking account, a senior checking account or a NOW account in addition to the money market account. The bank also has an IRA and a certificate of deposit (CD) available in a variety of terms.
Banking services
Poplar Grove State Bank offers personal and business banking services to local residents, including mortgage, consumer, agricultural and commercial loans.
Customers can sign up for online banking in order to check account balances, transfer funds and download financial data into their personal financial software.
The Poplar Grove State Bank website includes a myriad of financial calculators to help customers plan for retirement, estimate taxes and make financial decisions about debt and savings.
Deposit insurance
Poplar Grove State Bank has been insured by the Federal Deposit Insurance Corporation since the bank was established in 1946. FDIC coverage for eligible deposits was permanently increased from $100,000 to $250,000 per depositor in July 2010. Joint accounts are insured by FDIC up to at least $250,000 per account holder.
Compare savings account interest rates from Poplar Grove State Bank and hundreds more banks and credit unions at SavingsAccounts.com.
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