| Checking |     | CD's |     | Savings |     | Loans |

 

Galion Building and Loan offers a variety of checking accounts and savings plans to suit your financial needs. Please take time to discuss with us which options are best for you.

As a locally owned and operated independent bank, our products and services are designed for our local community customers. We’re here to serve you; since 1888 we’ve worked hard to offer our customers the best bank terms and rates with the best customer service.

Galion Building and Loan has a wide range of deposit accounts and financing programs. Talk with any of our loan officers when you’re ready to purchase a home, automobile or any other major item. If you have business financing needs, see us about our commercial financing products.

At Galion Building and Loan, you are a person and a valued customer, not a number. We greatly appreciate your trust and we will strive to give you the service you deserve.

 

 

Checking Products:

:: Free Checking ::

  • $5.00 minimum deposit to open
  • No monthly service charge
  • First 50 checks are free
  • Non-interest bearing account
  • Inactivity fee of $2.00 per month will be assessed if the account is inactive for 12 months

 

:: NOW Checking ::

  • $100.00 minimum deposit to open
  • Interest earning account
  • No monthly service charge if an average daily balance of $250.00 is maintained, direct deposit, age 50 and older or automatic payment of GB&L mortgage loan.
  • First 50 checks are free
  • Inactivity fee of $2.00 per month will be assessed if the account is inactive for 12 months

 

:: Business Checking ::

Non-Interest Earning Business Accounts (Corporations, Partnerships,   For Profit Associations)

  • $500.00 minimum deposit to open
  • Average daily balance of $1,000.00 must be maintained to avoid $15.00 monthly service charge

  • Inactivity fee of $2.00 per month will be assessed if the account is inactive for 12 months

 

:: Money Market Account ::

  • $2,500.00 minimum deposit to open
  • A $10.00 monthly service charge will be imposed each month if the average daily balance for the monthly statement falls below $10,000.00
  • Interest will be compounded and credited to your account monthly
  • Interest will accrue on your account daily
  • Interest rate is subject to change at bank’s discretion

  • Inactivity fee of $2.00 per month will be assessed if the account is inactive for 12 months

 

:: Super NOW Account ::

  • $2,500.00 minimum deposit to open
  • A $5.00 monthly service charge will be imposed each month if the average daily balance for the monthly statement falls below $2,500.00
  • Interest will be compounded and credited to your account monthly
  • Interest will accrue on your account daily
  • Interest rate is subject to change at bank’s discretion
  • Inactivity fee of $2.00 per month will be assessed if the account is inactive for 12 months

 

Certificates of Deposit:

Today’s bank customers are looking for those “just right” investment opportunities to maximize earnings with their hard-earned dollars.

Many customers are finding that Certificates of Deposit make an excellent short or long term choice for any purpose, from buying a new car to saving for their retirement.

Galion Building and Loan Certificates are designed to give you the best available rates, along with the safety and security you want for your investments.

For your convenience, we offer many Certificate options that include a broad range of maturity dates and a choice of interest payment dates.

Whatever your investment needs and goals are, Galion Building and Loan has a Certificate of Deposit that’s right for you.

Our experienced staff will gladly help you to meet your current and future savings needs.

And remember, with a Galion Building and Loan Certificate of Deposit, you can relax – knowing that your deposits and the interest they earn are insured by an agency of the federal government.

Check out our great rates today!

 

 

Savings and Investment Products:

Galion Building and Loan will work hard to make sure your money is always working FOR YOU.

Our savings opportunities are designed to maximize earnings on your hard-earned dollars.

Galion Building and Loan has a broad range of savings products tailored to suit your savings needs that includes:

  • Statement savings accounts

  • Passbook savings accounts

  • Super Saver accounts

  • Billy Buck Kid's Club

  • Christmas and Vacation club savings accounts

  • IRA savings accounts

  • U.S. Savings Bonds

Whatever your financial goals or lifestyle, Galion Building and Loan can help you to explore your options, simply and clearly, so that you can begin right now to develop the savings program that is right for you.

 

 

:: Statement Savings Account ::

  • $5.00 minimum deposit to open
  • Interest will be compounded every month
  • Interest rate is subject to change at bank’s discretion
  • Interest will accrue on your account daily
  • Can be accessed via ATM or Debit Card
  • Detailed monthly statement of the activity on your account
  • $2.00 per month service charge will be assessed if the average monthly balance falls below $50.00
  • Inactivity fee of $2.00 per month will be assessed if the account is inactive for 36 months
  

 

:: Passbook Savings Account ::

  • $5.00 minimum deposit to open
  • Interest will be compounded every quarter
  • Interest rate is subject to change at bank’s discretion
  • Interest will accrue on your account daily
  • $3.00 per quarter service charge will be assessed if the average quarterly balance is below $50.00

  • Inactivity fee of $6.00 per quarter will be assessed if the account is inactive for 36 months

  

 

:: Super Saver Account ::

  • $2,500.00 minimum deposit to open
  • Interest will be compounded every month
  • Interest rate is subject to change at bank’s discretion
  • Interest will accrue on your account daily
  • Transactions limited to six per month
  • $5.00 per month service charge will be assessed if the average daily balance for the monthly cycle is below $2500.00

  • Inactivity fee of $2.00 per month will be assessed if the account is inactive for 12 months

  

 

:: Christmas and Vacation Club Accounts ::

  • $1.00 minimum deposit to open
  • Interest will be compounded every quarter
  • Interest rate is subject to change at bank’s discretion
  • Interest will accrue on your account daily
  • Christmas Club checks cut around October 25th
  • Vacation Club checks cut around May 25th
  

 

Loan Products:

Galion Building and Loan Bank is proud of its Loan Department staff and the service we provide to you, our valued customer. Whatever your financing needs are, you are assured of receiving personal and concerned interest toward your loan requests. If you need to borrow money, we have money to loan.

We provide the following loan products:

  • Personal Loans

  • Auto Loans

  • Collateral Loans

  • Home Improvement Loans

  • Home Equity Line of Credit Loans

  • Residential Real Estate Loans

  • Commercial Real Estate Loans

  • Business Loans

  • Construction Loans

  • Farm/Agricultural Loans

 

:: Credit Life and Accident and Health Insurance ::

If you desire, you can add credit life and disability insurance to your Galion Building and Loan Bank loan account to provide you with additional financial security. This low-cost insurance may be purchased at the time of your loan transaction.

AT GALION BUILDING AND LOAN, YOU’RE MORE THAN A CUSTOMER; YOU ARE OUR NEIGHBORS AND OUR FRIENDS.