Bank · FDIC insured
Magnolia Bank Savings Rates
Magnolia Bank’s best savings rate is 1.50% APY on $10,000, with its Magnify Savings. Rates checked October 22, 2026.
How Magnolia Bank’s savings rates compare
Compared with banks and credit unions near Elizabethtown, KY, where Magnolia Bank has the most branches. $10,000, best rate first.
This bank’s best
Magnolia Bank
1.50%APY
- Minimum
- $50
- Earns on $10,000 a year
- $150
Magnify Savings
Top rate
West Point Bank
2.07%APY
- Minimum
- $1,000
- Earns on $10,000 a year
- $207
2nd-highest rate
Community Trust Bank
1.69%APY
- Minimum
- $2,500
- Earns on $10,000 a year
- $169
Magnolia Bank savings score
82
Savings score
Higher than 59% of U.S. banks and credit unions
- $1,000 balance$1,0001.00%
- $10,000 balance$10,0001.50%
- $100,000 balance$100,0001.50%
- QualifiedQualified1.50%
Each track runs from the lowest to the highest rate among U.S. banks and credit unions; the dot is this rate.Qualified: needs another account or monthly activity.
Where Magnolia Bank ranks
By savings score, in each area where it has branches
Every rate
Current savings rates
Rates from the bank’s website. Earnings assume the rate doesn’t change.
Money Market
0.15%APY
$2,500 minimum daily balance requirement to avoid a $10 monthly service fee.
| Balance | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Up to $50,000$10 monthly service fee if daily balance falls below $2,500 minimum at any time during statement cycle. | 0.15% | $15 | $10 monthly service fee if daily balance falls below $2,500 minimum at any time during statement cycle. |
| $50,000 – $250,000$10 monthly service fee if daily balance falls below $2,500 minimum at any time during statement cycle. | 0.35% | — | $10 monthly service fee if daily balance falls below $2,500 minimum at any time during statement cycle. |
| $250,000 – $500,000$10 monthly service fee if daily balance falls below $2,500 minimum at any time during statement cycle. | 1.00% | — | $10 monthly service fee if daily balance falls below $2,500 minimum at any time during statement cycle. |
| $500,000 – $1,000,000$10 monthly service fee if daily balance falls below $2,500 minimum at any time during statement cycle. | 1.25% | — | $10 monthly service fee if daily balance falls below $2,500 minimum at any time during statement cycle. |
| $1,000,000 and up$10 monthly service fee if daily balance falls below $2,500 minimum at any time during statement cycle. | 2.25% | — | $10 monthly service fee if daily balance falls below $2,500 minimum at any time during statement cycle. |
Magnify Savings
1.50%APY
Available for ages 18+. Minimum opening deposit $50. $5 monthly service fee waived when paired with Magnify Checking. Variable rate account; rate may change after opening. $wipe N $ave automatically included when bundled with Magnify Checking.
| Balance | APY | Earns on $10,000 a yearEarns |
|---|---|---|
| Up to $10,000 | 1.00% | — |
| $10,000 and up | 1.50% | $150 |
Savings Account
0.10%APY
Minimum opening deposit $50. $200 minimum daily balance requirement; $5 monthly service fee if daily balance falls below required daily minimum at any time during the statement cycle. Variable rate account; rate may change after opening. Limited to 4 withdrawals/transfers per 4-week or similar period.
| Balance | APY | Earns on $10,000 a yearEarns |
|---|---|---|
| Up to $10,000 | 0.05% | — |
| $10,000 – $50,000 | 0.10% | $10 |
| $50,000 and up | 0.15% | — |
Special-purpose accounts
Thrive Savings
0.50%APY
Available for ages 12-24. Parent or legal guardian required as joint owner for customers under 18. Minimum opening deposit $10 ($50 stated on rate schedule). Variable rate account; rate may change after opening. $wipe N $ave automatically included when bundled with Thrive Checking. Earn Milestone Rewards.
| Balance | APY | Earns on $10,000 a yearEarns |
|---|---|---|
| Over $0 | 0.50% | $50 |
Young Savers
0.20%APY
Available to minors with custodial access. Minimum opening deposit $50. No minimum daily balance requirement. No monthly service fee. Variable rate account; rate may change after opening. Limited to 4 withdrawals/transfers per 4-week or similar period.
| Balance | APY | Earns on $10,000 a yearEarns |
|---|---|---|
| Over $0 | 0.20% | $20 |
Opening an account
Confirm the bank’s opening requirements and whether the account is available where you live. A nearby branch does not establish eligibility for every rate.