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Our FDIC-insured Savings Accounts are variable-rate interest-bearing accounts. Please select a product below for more information.

Certificates of Deposit

A Village Bank & Trust Certificate of Deposit is a great saving choice for those who don't need access to their accounts for a fixed period of time. We have CDs ranging from 31 days to 5 years with very competitive rates. Start a CD today and plan for the future!

Minimum Opening Balance $1,000.00

 

Interest Earning Accounts

The daily balance method of calculating interest is used on all interest bearing accounts. This method applies a daily period rate to the principal in the account each day. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (checks). At our discretion, the interest rate or annual percentage yield may change without prior notice on variable rate accounts.

High Rise Savings Account

Take your savings rates to NEW HEIGHTS! The higher your balance, the higher the interest rate!  

Minimum Opening Balance $5,000.00
Minimum Daily Balance $5,000.00
Monthly Maintenance Fee if Balance falls below minimum $25.00
Excess Withdrawal Fee
6 per month/18 per quarter
$3.00 each**
Interest Rate Tiers $5,000.00 – 24,999.99
$25,000.00 – 49,999.99 
$50,000.00 or more


This account requires a checking account with direct deposit to qualify.

 

Required Daily Balance

*For service charge purposes, the average monthly balance is calculated by the aggregate balance for the month divided by the number of days in the month.

Interest Earning Accounts

The daily balance method of calculating interest is used on all interest bearing accounts. This method applies a daily period rate to the principal in the account each day. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (checks). At our discretion, the interest rate or annual percentage yield may change without prior notice on variable rate accounts.

Withdrawal Limits

**Federal regulation allows for a maximum of six (6) pre-authorized, automatic, or telephone transfers each month, with unlimited in-person, ATM or by mail withdrawals permitted.

Individual Retirement Accounts (IRAs)

Looking forward to the day you can retire and finally do all the things you wanted to? Allow Village Bank & Trust to help you plan for your retirement. Choose one of our Certificates of Deposit as the perfect place to invest in your retirement. We offer competitive rates, a choice of terms and securities of FDIC insurance

Minimum Opening Balance$1,000.00

Please consult your tax advisor for the maximum deposit allowed by law.

 

Interest Earning Accounts

The daily balance method of calculating interest is used on all interest bearing accounts. This method applies a daily period rate to the principal in the account each day. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (checks). At our discretion, the interest rate or annual percentage yield may change without prior notice on variable rate accounts.

Personal Preferred Money Market

The tiered rate of interest and the easy accessibility of your funds makes this the perfect investment account.

Minimum Opening Balance $1,500.00
Monthly Maintenance Fee $10.00
Daily Balance Required to Waive Monthly Fee
OR
Average Monthly Balance
$1,500.00

$3,000.00*
Excess Withdrawal Fee $30.00 each**
Check Imaging Yes
Interest Rates Tiers $1.00 - $9,999.99
$10,000.00 - $49,999.99
$50,000.00 & above

This account features Check Imaging. You receive front copies of all canceled checks with your monthly statement.

Required Daily Balance

*For service charge purposes, the average monthly balance is calculated by the aggregate balance for the month divided by the number of days in the month.

Interest Earning Accounts

The daily balance method of calculating interest is used on all interest bearing accounts. This method applies a daily period rate to the principal in the account each day. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (checks). At our discretion, the interest rate or annual percentage yield may change without prior notice on variable rate accounts.

Withdrawal Limits

**Federal regulation allows for a maximum of six (6) checks, drafts or pre-authorized, automatic, or telephone transfers each month, with unlimited in-person, ATM or by mail withdrawals permitted. 

Sunrise Savings Account

If you want a higher rate of interest on your savings without the restrictions of a Certificate of Deposit, our Sunrise Savings fits the bill.

Minimum Opening Balance $250.00
Minimum Daily Balance $250.00
Monthly Maintenance Fee if Balance falls below minimum $5.00
Excess Withdrawal Fee
6 per month/18 per quarter
$3.00 each**
Interest Rate Tiers $1.00 to 4,999.99
$5,000 & Above

 

Interest Earning Accounts

The daily balance method of calculating interest is used on all interest bearing accounts. This method applies a daily period rate to the principal in the account each day. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (checks). At our discretion, the interest rate or annual percentage yield may change without prior notice on variable rate accounts.

Withdrawal Limits

**Federal regulation allows for a maximum of six (6) pre-authorized, automatic, or telephone transfers each month, with unlimited in-person, ATM or by mail withdrawals permitted.

Maxsafe® Accounts

Max Safe Image

MaxSafe Logo

 

MAXSAFE® DEPOSIT ACCOUNTS WITH UP TO $3.75 MILLION IN FDIC INSURANCE.

 

Safety and security of your deposit account is paramount today.  Making sure your deposits are covered by the FDIC is something every one and every company should do.  By titling accounts properly a typical couple may quickly achieve $1,000,000 in FDIC insurance from our bank.  But, what if you have a larger deposit, are seeking FDIC insurance and don’t know what to do?

The MaxSafe Account is designed for those seeking a Certificate of Deposit (CD) or Money Market Account (MMA) with additional FDIC insurance.  MaxSafe is an innovative and unmatched investment alternative that provides up to

15 times the FDIC security of a traditional banking deposit.  We’ll also simplify your life by providing one summary statement and one 1099 form at tax time.

In today’s volatile marketplace, the added security and convenience of up to $3.75 million in FDIC insurance means peace of mind. How can we offer this unparalleled level of protection? By depositing your funds across a group of 15 affiliated community banks. Fifteen banks equals fifteen times the usual $250,000 level of FDIC maximum protection.  However, you must consider the funds you have on deposit at our bank.

 

Some common frequently asked questions about MaxSafe are:

 

What are the particulars of the MaxSafe® CD?

It is an automatically renewable, fixed-rate Certificate of Deposit (of a chosen term) with FDIC insurance of up to $3.75 million per titled account. It is available for consumers, businesses and not-for-profits. It is not currently available for IRA’s, however. A minimum deposit of $100,000 is required to open a MaxSafe CD.

 

What is the MaxSafe® Money Market Account?

It is a Money Market Account (MMA), with the typical limitation of transactions per month like a normal money market account (please ask a personal banker for more details) insurance of up to $3.75 million per titled account. It is available for consumers, businesses and not-for-profits.  A minimum deposit of $250,000 is required to open a MaxSafe MMA.  A minimum service charge of $75 will be assessed if the balance falls below $250,000.

 

How can you offer such a high level of additional FDIC protection?

With 15 separate, but affiliated, community banks in Illinois and Wisconsin, we are able to combine each bank’s individual FDIC protection and offer our customers the benefit of 15 times the normal $250,000 level of FDIC Insurance. All fifteen of these banks are all fully FDIC Insured and “well capitalized” per the FDIC and other government regulatory bodies.  A custody account from our affiliate, Wayne Hummer Trust Company, N.A., is opened via a MaxSafe professional, and funds are deposited on your behalf across these 15 banks.  

 

Is this legal? Is the FDIC OK with this?

This is absolutely legal and is perfectly in compliance with FDIC rules and regulations. While almost no banks in the Chicago area offer this service as of yet, a number of national brokerage houses offer a similar extra-FDIC insured program.



For more information and frequently asked questions, please stop by the bank and speak with a personal banker.  For more information on FDIC Insurance coverage, please visit http://www.fdic.gov.

CDARS® Account

CDARS® – the Certificate of Deposit Account Registry Service® – is the most convenient way for safety-conscious investors to access FDIC insurance on multi-million-dollar deposits.

We offer innovative deposit solutions to enable you to have access to multiple million dollars on deposit at one bank. Through the CDARS, our bank places deposits into secure, FDIC insured accounts. Having your funds placed through CDARS could not be any easier or convenient! Stop by either of our branches or click here for more information!