We believe your money should work just as hard as you do. That's the philosophy behind our savings accounts at Magna Bank. Every personal savings account we have includes the following benefits:
- Interest earned on ALL collected balances
- Free unlimited visits to the teller
- No fee ATM card
- No charge ATM transactions at any Magna ATM
- No charge ATM network transactions at any First Tennessee Bank
- ACH direct deposit
- Automated 24-hour banking by phone, 7 days per week
Magna Savings
A great savings account for you or your family.
- Enjoy all of Magna's personal savings benefits
- Minimum opening balance of $200
- No service charge with a $200 minimum daily balance, otherwise, $5/quarter
- For primary account holders under age 18:
- Minimum opening balance of $10.
- Quarterly service charge waived.
High Yield Money Market
Magna rewards you for higher balances and gives you the easy access like a checking account.
- Enjoy all of Magna's personal savings benefits
- Minimum opening balance of $2,500
- Earn higher rates for larger balances
- Write up to 3 checks per month
- Free High Yield style wallet checks
- No service charge with a $2,500 minimum daily balance, otherwise, $5/month
Relationship Money Market
With the relationship account you can earn so much more:
- Enjoy all of Magna's personal savings benefits
- Minimum opening balance
- Earn higher rates for larger balances
- Write up to 3 checks per month
- Free Relationship Style Money Market wallet checks
- No service charge with a qualifying checking or loan account
For savings accounts, regulations allow up to 6 preauthorized, automatic, or telephonic withdrawals or transfers of which no more than 3 can be checks to third parties.
For questions or rates, please call us at 901.259.5400 or 800.517.3455.
New account opening and identification rules apply. Account disclosures are available upon request.
Click here for general service charges and fees.
