Savings Accounts

Del Norte Bank assures your banking safety by being financially sound and being backed by the FDIC, most deposits are insured up to at least $250,000. Our experienced and knowledgeable staff is ready to help you with your savings, CDs, IRAs and many other services. We are a local mutual bank with a staff that is always friendly and committed to giving our customers the best service.

Deposit rates view more details.

Personal Accounts

We’ll need for each signer:

  • Copy of your driver’s license
  • Social Security number
  • Typically it takes $100 to open any given account to avoid a service charge
  • Proof of Physical Address (Utility bill, phone bill, etc)

Complete a new personal application

Business Accounts

To open a business account, we’ll need:

  • Proof of name registration from the state
  • Federal tax ID number
  • List of signers on account in writing—one of the following examples would work:
  • Articles of incorporation
  • Resolution
  • Minutes showing designation of signers
  • Copy of each signer’s driver’s license
  • Each signer’s Social Security number
  • Proof of Physical Address (Utility bill, phone bill, etc)

Complete a new business application

ADDITIONAL TERMS

  1. Interest Rates and annual Percentage Yields (APY) are variable and may change at any time at the Bank’s discretion. No floor or ceiling has been established. A minimum daily balance must be maintained to obtain the APY. The minimum daily balance that must be maintained is equal to the “Minimum Daily Balance to Earn Interest” amount disclosed for each product. We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the collected balance in the account each day. We use an interest accrual basis of 365 days for each day of the year. Interest begins to accrue on the business day the bank receives credit for the deposit of non-cash items such as checks. Accrued but unpaid interest may not be paid if the account is closed. Seven days notice of withdrawal may be required.
  2. Pre-authorized automatic and telephonic transfers to a third party of another account of the depositor of this Bank are limited by Federal Regulation to six per statement. No more of these may be made by check, draft or similar external order to pay.
  3. If a new account is closed within 90 days of the open date, a $30.00 fee will be imposed.
  4. We may close your account at any time, with or without cause by sending you a notice and a check for the balance in our possession to which you are entitled.
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This is designed for households and businesses as a safe place to accumulate savings. Charges discourage withdrawals.

Requirements include:

  • Minimum balance to open – $100.00
  • Minimum daily balance to earn APY – $25.00

Benefits include:

  • Limited to six withdrawals per month
  • Interest compounded daily and paid monthly

Cost:

  • Minimum daily balance fee $2.00 if balance falls below $200.00 any day of the month
  • *If under 18 years of age and younger – no minimum balance fee
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This is designed for households as a safe place to accumulate savings. This account has lower minimum daily balances to open and to avoid charges. Charges discourage withdrawals.

Requirements include:

  • Minimum balance to open – $25.00
  • Minimum daily balance to earn APY – $25.00

Benefits include:

  • Limited to six withdrawals per month
  • Interest compounded daily and paid monthly

Cost:

  • Minimum daily balance fee $2.00 if balance falls below $100.00 any day of the month
  • *If under 18 years of age and younger – no minimum balance fee
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Designed for households and businesses able to make automatic transfers every month and avoid withdrawals. This account pays a premium yield. Significant charges discourage withdrawals.

Requirements include:

  • Minimum balance to open – $25.00 and a maximum of $1000.00
  • Monthly automatic transfers required of $25.00, $50.00, $75.00, $100.00, $250.00 or $500.00 from another account or auto transfer from a customer’s payroll or other institution
  • Minimum daily balance to earn APY $25.00

Benefits include:

  • One withdrawal allowed per month – free
  • Interest compounded daily and paid monthly
  • $200.00 – $10,000.00 pay a higher interest rate

Cost:

  • Withdrawals of more than one per month – $2.00 each
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This is designed for high net worth households and businesses as a safe place to accumulate savings with a premium yield. Charges discourage withdrawals.

Requirements include:

  • Minimum balance to open – $10,000.00
  • Minimum daily balance to earn APY – $1000.00

Benefits include:

  • Limited to six withdrawals per month
  • Interest compounded daily and paid monthly
  • Larger deposits pay higher rates

Cost:

  • Minimum daily balance fee $9.00 if balance falls below $10,000.00 any day of the month
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Designed for individuals for a retirement plan. We have three options designed to fit your needs.

Requirements include:

  • Minimum balance to open – $50.00
  • Must meet IRA guidelines subject to IRA rules and regulations

Benefits include:

  • Interest credited at end of term
  • Account automatically renews
  • Seven calendar days after maturity date to withdraw funds without penalty

Cost:

  • Penalty of three months interest for early withdrawal
  • Early withdrawal penalty applies per IRA rules and regulations
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Del Norte Bank | Del Norte - (719) 657-3376 | Creede - (719) 658-0126 | Mortgage - (719) 657-4558 | [email protected] | NMLS#446071

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