Banking Products
- $5.00 minimum deposit to open
- No monthly service charge
- First 80 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
- $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 80 checks are free
- Inactivity fee of $2.00 per month will be assessed if the account is inactive for 12 months
Non-Interest Earning Business Accounts (Corporations, Partnerships, For Profit Associtations)
- $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
- Allows 50 checks and 50 deposit items per month. Checks or Deposit items over 50 per month will be charged based upon average usage with negotiated per month flat fee subject to periodic review.
Savings and Investment Products
Galion Building and Loan has a broad range of savings products tailored to suit your savings needs that includes:
- $2,500 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
- $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
For your convenience, we offer many Certificate options that include a broad range of maturity dates and a choice of interest payment dates.
Call to get our rates today!
419-462-4114
- $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
- $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 $2,500.00
- Inactivity fee of $2.00 per month will be assessed if the account is inactive for 12 months
- $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 accounts closeout around the 3rd Friday of October.
- Vacation Club accounts closeout around the 3rd Friday of May.
Loan Products
We provide the following loan products:
- 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
Bank NMLS ID:405573