Banking is easy with our assortment of Personal Banking Accounts. From checking to investments, Bank of Odessa has the Banking products to help with your financial needs. Check out the options here on the website, or contact one of our Banking representatives at either banking location.

PERSONAL CHECKING ACCOUNT
  • No minimum balance retention requirements
  • Minimum balance to open – The minimum balance required to open this account is $100.00.
  • Deposit limitations – You may make an unlimited number of deposits into your account.
  • Fees and Charges – The following fees and charges apply to this account:
  • maintenance fee: $0.50 per statement.
  • per check, in-person withdrawal or electronic means items paid $0.14.
  • Additional Terms – The following additional terms apply to this account: There is a $0.40 offset credit per $100.00 balance maintained during the statement period. Any credit offset will not exceed the total of any fees and/or charges assessed against the account during the statement cycle.
NOW CHECKING ACCOUNT

Keep your money working for you.

  • Compounding frequency – Interest will be compounded monthly.
  • Crediting frequency – Interest will be credited into this account monthly.
  • Effect of closing an account – If you close your account before interest is paid, you will not receive the accrued interest.
  • Daily balance computation method – Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
  • Accrual of interest on noncash deposits – Interest will begin to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks) into your account.
  • Minimum balance to open – The minimum balance required to open this account is $100.00.
  • Deposit limitations – You may make an unlimited number of deposits into your account.
  • Ownership- Offered to individuals, some nonprofit organizations, and certain government units.
  • Fees and Charges – The following fees and charges apply to this account:
    • Per Check Fee: $0.15.
    • Minimum balance less than $750.00 during statement period: We impose a $6.00 minimum balance fee service charge, 30 free checks, in-person withdrawals or other electronic means, $0.15 per check, in-person withdrawal or other electronic means thereafter
    • Minimum statement period balance of $750.00 to $1,499.99: 30 free checks, in-person withdrawals or other electronic means, $0.15 per check, in-person withdrawal or other electronic means thereafter
    • Minimum balance to avoid Service Charge and per check charge: $1,500.00
MONEY MARKET SAVINGS ACCOUNT

Increase the earning power of your money

  • Compounding frequency – Interest will be compounded monthly.
  • Crediting frequency – Interest will be credited into this account monthly.
  • Effect of closing an account – If you close your account before interest is paid, you will not receive the accrued interest.
  • Daily balance computation method – Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
  • Accrual of interest on noncash deposits – Interest will begin to accrue on the business day you deposit noncash items (for example, checks) into your account.
  • Minimum balance to open – The minimum balance required to open this account is $100.00.
  • Deposit limitations – You may make an unlimited number of deposits into your account.
  • Withdrawal limitations – The minimum withdrawal you can make from this account is $100.00.
  • Limitations on frequency of transfers – A depositor is permitted to make no more than six transfers per calendar month, or statement cycle of at least four weeks, to another depositor’s account, to a third party by preauthorized or automatic transfer, or telephone agreement, order or instruction, or by check, draft, debit card, or similar order to third parties. If you exceed the transfer limitations set forth above in any statement period, your account will be subject to closure by the financial institution..
  • Fees and Charges – The following fees and charges apply to this account:
    • Excess Debit Fees: We impose an excess money market transaction fee of $1.00 for each debit transaction in excess of six during a monthly statement cycle.
PERSONAL SAVINGS ACCOUNT

Earn Competitive Interest

  • Compounding frequency – Interest will be compounded quarterly.
  • Crediting frequency – Interest will be credited into this account quarterly.
  • Effect of closing an account – If you close your account before interest is paid, you will not receive the accrued interest.
  • Daily balance computation method – Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
  • Accrual of interest on noncash deposits – Interest will begin to accrue on the business day you deposit noncash items (for example, checks) into your account.
  • Minimum balance to open – The minimum balance required to open this account is $10.00.
  • Deposit limitations – You may make an unlimited number of deposits into your account.
  • Limitations on frequency of transfers – A depositor is permitted to make no more than six transfers per calendar month, or statement cycle of at least four weeks, to another depositor’s account, to a third party by preauthorized or automatic transfer, or telephone agreement, order or instruction, or by check, draft, debit card, or similar order to third parties. If you exceed the transfer limitations set forth above in any statement period, your account will be subject to closure by the financial institution.
  • Fees and Charges – The following fees and charges apply to this account:
    • Excess Debit Fees: You are allowed six debits per quarterly statement cycle at no charge. An excess debit fee of $0.50 will be charged for each debit transaction in excess of six during a quarterly interest statement cycle.
    • Maintenance Fee: A maintenance fee of $1.00 will be imposed every quarterly interest statement cycle if the balance in the account falls below $10.00 any day of the cycle.
CERTIFICATE OF DEPOSIT

Long-term Savings

With a traditional Certificate of Deposit (CD) from The Bank of Odessa, a fixed amount of money is deposited for a specified time period, thus earning you a specific rate of interest accordingly. The longer the term – the better interest rate you will receive. When the maturity date arises, you can either cash out the CD or you can choose to renew your Certificate of Deposit (CD). Long Term Savings Certificate of Deposit for a period of 91 days up to a full six years. Call today to get started with your Certificate of Deposit, a great way to handle long-term savings!

  • Certificate of Deposit (CD)
  • Pays a competitive interest rate
  • Time deposit available from 91 days to six years
  • $1000 minimum deposit to open
  • Interest rate is locked in for term
  • Interest may be credited to the Certificate of Deposit, Bank of Odessa account or paid by check
  • Early withdrawal penalty applies
  • Free Telephone Banking
INDIVIDUAL RETIREMENT ACCOUNT (IRA)

Save Money – Tax Deferred

When planning your savings for retirement, consider opening a Bank of Odessa IRA. We offer both Roth and Traditional IRAs to meet your specific needs. Contributions to an IRA may be fully or partially tax-deductible, depending upon several things such as marital status, participation in a company pension plan, tax filing status and adjusted gross income.

Contact a Bank of Odessa customer service representative for additional information, including IRA rollovers, early withdrawal penalties, contribution limits and general account requirements. Please contact your tax advisor for questions pertaining to the tax deductibility of your contributions.

LOANS
  • Home Loans
  • Construction Loans
  • Personal Loans
  • Car Loans
  • Boat Loans
  • Designed to fit your needs