Kentucky Bank Best Places to Work - 2013 Winner
Home  |   Contact Us  |   Careers  |   About Us   |   Useful Links
Be a Fan - Facebook Follow us on Twitter Join us on Linkedin
Personal Banking
Savings
   
                                                   

If you are not a Kentucky Bank customer or if you have a Kentucky Bank account, but don’t use online banking, click here to open a new Kentucky Bank Account online.
 

If you are a current Kentucky Bank Online Banking user and would like to open a new Kentucky Bank Account, we can make this process quicker. Login to Online Banking, then click on the Open New Account tab and the online application will launch. 


 
Account Description Minimum to Open Interest Bearing
Savings Advantage

Learn More
This is a great option for people who want to earn a higher interest rate, but do not want a long term commitment. Earn a higher rate without locking up funds. $10,000

Yes
(tiered)

Basic Savings

Learn More
A Kentucky Bank Basic Savings Account is a good way to start a savings program.

$50
(see details for minimum balance requirement)

Yes
.comSavings

Learn More
Apply online for this savings account and earn interest, compounded daily. $50 Yes
Health Savings Accounts

Learn More
A H.S.A. is a tax-advantaged medical savings account available to tax payers in the United States who are enrolled in a High Deductible Health Plan (HDHP). It is an individual interest bearing checking account used to pay qualified Health care costs tax-free. Qualified plans can allow any unused funds to roll over from year to year and continue to earn interest tax-free.  Click here to view the HSA tutorial. $50 Yes
Triple Crown Savers

Learn More
This unique savings account is geared towards kids. It's a great way for your children to learn the importance of saving. The account is in the child's social security number and it earns the same rate as a regular savings account. At account opening you'll receive a plush, Triple Crown Savers horse named Buck! To open account, please present 2 forms of ID for your child (birth certificate & social security card are best). $50 Yes
Christmas Club

Learn More
A Kentucky Bank Christmas Club Savings account is a good way to save specifically for expenses around the holiday season. It offers an affordable savings method to anyone who wants to systematically save a small to moderate amount of money. $5 Yes
College Savers Fund

Learn More
This special fund allows you to prepare for your child's future. The account pays the same rate as the US EE Bond. The rate changes in conjunction with the EE Bond rate every six months. Regular, automatic deposits are encouraged in this account in order to build assets for college. Funds may be withdrawn upon graduation from high school or at the age of 18, without penalty. $25 Yes
Individual Retirement Account - IRA

Learn More
A Kentucky Bank Individual Retirement Account (IRA) is a tax-deferred savings plan with a wide range of maturities. An IRA allows individuals to contribute up to $5,500 ($11,000 for married couples with a non-working spouse), annually and possibly deduct their contribution from their current taxes. Individuals who have reached age 50 or older by the end of their taxable year may make catch-up contributions of an additional $1,000. (Consult your tax advisor for eligibility.) $100 Yes
Certificate of Deposit - CD

Learn More
A Certificate of Deposit is a guaranteed investment. The return will be the original deposit, plus the interest earned. The interest paid depends on the interest rate and the length of time agreed to leave your money on deposit. $2,500 Yes



Minimum Opening Deposit $10,000 details


This is a great option for people who want to earn a higher interest rate, but do not want a long term commitment. Earn a higher rate without locking up your money.
  • $10,000 minimum deposit to open account
  • $10,000 minimum monthly balance to avoid service fees
  • $5 quarterly fee if the balance falls below $10,000 within a quarter
  • Interest is earned on average collected daily balance
  • Interest is compounded and paid monthly
  • ATM access
  • Monthly statement with images of withdrawals and deposits*


    Minimum Opening Deposit $50 details


    A Kentucky Bank Basic Savings Account is a great way to start a savings program.
    • Interest is earned on average daily balance. It is compounded daily and paid monthly.
    • ATM access
    • Quarterly statement*
    • Fees are based on the balance for the calendar month
    • If daily balance falls below $100, you will be charged a $2 monthly fee**
    • You may make up to 4 withdrawals monthly at no charge.*** Each withdrawal over 4 will be performed at a charge of $2.00 each.
    • Variable interest rate
    • In the event you overdraw your account, an overdraft fee will be assessed
    * Monthly statement only applies when there are automatic transfers, ATM transactions or if customer receives a combined account statement.

    ** Service fee will be waived for the first month the account is opened. After account has been open for a month and minimum balance is not $100 the $2 service fee will be charged.

    *** Withdrawal limitations:  Regulations permit six (6) transfers and withdrawals per statement cycle; up to three (3) transactions may be made by check, draft, or debit card, the remainder may be pre-authorized (automatic) transfers.


      Minimum Opening Deposit $50 details


      Apply online for this savings account.
      • Interest is earned on average daily balance. It is compounded daily and paid monthly.
      • $2 service fee if daily balance falls below $100 (first month waived)
      • ATM access
      • eStatement only
      • You may make up to 4 withdrawals at no charge


      Minimum Opening Deposit $50 details


      Potential customers: Individuals who are under the age of 65 and are covered by a High Deductible Health Plan qualify. They cannot be covered by other health insurance or enrolled in Medicare. They cannot be claimed as a dependent on someone else’s tax return. Click here to view the HSA tutorial.
      • $50 minimum opening deposit
      • No minimum balance required
      • No Kentucky Courtesy coverage or overdraft privileges
      • Accessible by online banking, bill pay and e-statements
      • Unlimited transactions
      • Earns a variable rate of interest, compounded daily and paid monthly on collected balances
      • Funds can be accessed by debit card, check and bill pay
      • $10 set up fee (except Kentucky Bank Employers Club clients)
      • Monthly fee of $2.75
      • Check order fee
      • $25 closing transfer/rollover fee


      Minimum Opening Deposit $50 details


      Right at the starting gate, you'll receive a plush, Triple Crown Savers horse named Buck! With this unique savings account geared towards kids, it's a great way for your children to learn the importance of saving. The account is in your child's social security number and earns the same rate as a Kentucky Bank savings account. Open the account with $50 and begin to teach your children the importance of saving.
      • $50 minimum deposit to open account
      • To open account, please present 2 forms of ID for your child (birth certificate & social security card are best)
      • No minimum monthly balance required to avoid service fees as long as the account holder is age 18 or under
      • Interest earned on average daily balance
      • Show us your report card and receive money for A's & B's!*
      • Quarterly statement
      • No service fees
      • Withdrawal Limitations: Regulations permit six (6) transfers and withdrawals per statement cycle; up to three (3) transactions may be made by check, draft, or debit card, the remainder may be pre-authorized (automatic) transfers.

      *Ask a Kentucky Bank Retail Banker for details. This reward is not given in exchange for opening, maintaining or renewing an account, or increasing an account balance.



        Minimum Opening Deposit $5 details


        A Kentucky Bank Christmas Club Savings account is a good way to save specifically for expenses around the holiday season. It offers an affordable savings method to anyone who wants to systematically save a small to moderate amount of money. Interest paid only on automatic deposits from a Kentucky Bank account.
        • $5 minimum deposit to open account
        • $5 minimum monthly balance to avoid service fees
        • $5 minimum monthly balance to receive interest
        • Interest earned on average daily balance
        • Penalty for early withdrwal
        • Interest is paid if deposits are made electronically
        • Interest rate may change without notice 


        Minimum Opening Deposit $25 details


        Our College Savers Fund is a special fund that allows you to prepare for your child's future. The account pays the same rate as the US EE Bond. The rate changes in conjunction with the EE Bond rate every six months. Regular, automatic deposits are encouraged in this account in order to build assets for college. Funds may be withdrawn upon graduation from high school or at the age of 18, without penalty.
        • $25 minimum deposit to open account
        • Semi-annual statement
        • Closed account fee is the loss of 6 months interest ($25 minimum)
        • No withdrawals by check or pre-authorized transfers


        Minimum Opening Deposit $100 details


        Kentucky Bank's Individual Retirement Account (IRA) offers a wide range of maturities. We offer Traditional and Roth IRAs. An IRA allows individuals to make periodic contributions and possibly deduct their contribution from their current taxes (consult your tax advisor for eligibility).
        • $100 minimum deposit to open savings IRA account
        • $2,500 minimum deposit to open certificate of deposit IRA account
        • Maturity terms available from 1 year to 5 years
        • Maximum annual deposit for working individuals: 100% of earned income or $5,500, whichever is less
        • Maximum annual deposit for married couples with a non-employed spouse: total of $11,000, divided between the two individuals with neither annual deposit exceeding $5,500
        • All or part of the contribution may be tax-deductible*. 100% of interest is tax-deferred until withdrawal
        • Annual statements
        • Early withdrawal penalties may apply
        • Variable interest rate. Check with your branch CSR for rate information
        * Customers should consult their tax advisor concerning deductibility of deposits


        Minimum Opening Deposit $2,500 details


        A Certificate of Deposit (CD) is a safe, flexible account. The return will be your original deposit, plus interest earned. Interest paid depends on the rate and length of time you leave your money on deposit.
        • $2,500 minimum deposit to open account
        • Maturity terms available from 7 days to 5 years
        • Fixed interest rate on daily balance until maturity
        • You choose how you want to receive your interest payments: interest may accumulate in the CD or we will automatically deposit into your Kentucky Bank checking, savings, or money market account monthly, quarterly, semi-annually or annually.
        • Additional deposits are not allowed until maturity. Check writing is not permissible.
        • CD information appears on your Kentucky Bank combined checking statement. Maturity notices are mailed prior to maturity date.
        • Early withdrawal penalties apply
        • One months interest or $10.00 minimum on terms less than 90 days*
        • Three months interest on terms 90 days to 1 year*
        • Six months interest on terms longer than 1 year, up to the 60 month term*
        • Thirty months interest on the 60 Month Term with Penalty CD*
        * $10 minimum early withdrawal penalty


          details


        Almost anyone who wants to combine the convenience of working with one financial institution with the security of FDIC insurance can benefit from CDARS.
        • Full Insurance: Using the CDARS service, you can access up to $50 million in FDIC protection on CD investments.*
        • One Bank: You work with Kentucky Bank to secure large deposits (from $10,000 to $50,000,000).
        • One Rate: You earn one interest rate on CD investments placed through CDARS. With CDARS, there is no need to negotiate multiple rates or manually tally disbursements for each CD.
        • One Statement: You receive one regular statement detailing your CD investments. You no longer need to consolidate statements at the end of each month, quarter, or year.
        • No Hidden Fees: There are no hidden fees of any kind. You will not be charged annual fees, subscription fees, or transaction fees for using the CDARS service. The rate you see is the rate you get.
        • No Collateralization: Because CDARS deposits are eligible for full FDIC protection, you may not need to collateralize your deposits. This eliminates the time-consuming task of tracking collateral values.**
        • A Wide Variety of Maturities: You can select from various maturities, ranging from 4 weeks to 5 years (260 weeks), and choose the terms that best suit your investment needs.
        • Community Involvement: Your funds can support lending initiatives, including special development projects that strengthen the local community.***
        [*] Funds may be submitted for placement only after a depositor enters into a CDARS Deposit Placement Agreement with Kentucky Bank.

        [**] If a depositor is subject to restrictions with respect to the placement of funds in depository institutions, it is the responsibility of the depositor to determine whether the placement of the depositor's funds through CDARS or a particular CDARS transaction satisfies those restrictions.

        [***] Because deposited funds are exchanged on a dollar-for-dollar basis with other banks in the network, the bank through which a depositor places his/her funds can use the full amount of a deposit placed through CDARS for local lending, satisfying some depositors' local investment goals/mandates. Alternatively, with a depositor's consent, the bank may choose to receive fee income instead of deposits from other banks. Under these circumstances, deposited funds would not be available for local lending.

        CDARS is a registered service mark of Promontory Interfinancial Network, LLC.



        Online Banking
        Personal Banking
        Business Banking
        User/Access Code

        Sign Up for Online Banking

        Mobile Banking FAQs

        Mobile Deposit FAQs & Demo

        iPad Mobile Banking App FAQs

        Help Center

        LOADING... Live Chat
        Tennis Championships

        Nomination

        Box up a home loan

        Customer Survey

        SilverTech