Deposit Products

deposit accounts like personal checking accoutPersonal Deposit Accounts

Gouverneur Savings and Loan has been part of the St. Lawrence, Jefferson and Lewis Counties for nearly 125 years. The reason for our success is you, our families, friends, and community. Our appreciation for your loyalty and patronage is reflected in our delivering the very best in customer service and banking products by knowledgeable, dedicated staff.

Our Two Convenient, Secure, and Easy to Use Personal Checking Accounts

Interest or Non-Interest Checking Accounts

Whether you are looking for an interest bearing or non-interest bearing checking account, Gouverneur Savings and Loan has the product for you.

NOW Checking Accounts - (Interest Bearing):

If you are looking to earn interest on the funds in a checking account this could be what you are looking for.

  • $25.00 minimum to open the account
  • No monthly service charge with a $600.00 daily balance
  • Unlimited check writing

Non-Interest Checking Accounts:

This worry-free checking account will allow you access to your funds with no maintenance charges or minimum balances to worry about.

  • $25.00 minimum to open the account
  • No monthly service charge
  • No minimum balance
  • No interest

At Gouverneur Savings and Loan you will find access to your checking accounts convenient, safe and easy to use. In addition, you will receive these benefits with either of our checking accounts:

  • Online Banking & Bill Pay BankingNo charge
  • Electronic or Paper StatementsNo charge
  • ATM, Debit CardsNo charge for in-house & Point of Sale
  • Telephone BankingNo charge
  • Direct DepositsNo charge
  • Automatic PaymentsNo charge
  • Automatic TransfersNo charge
  • Bank ChecksNo charge when funds are pulled from the account to create the check

Additional Personal Account Services:

  • Wire Transfers
  • Safe deposit box rentals

Money Market Accounts:

With Gouverneur Savings and Loans Money Market account the more you save the more you earn.

  • Rate is based on tiered balance
  • Larger deposits earn better interest rate
  • No monthly service charge with $2501.00 daily balance
  • Limited check writing and withdrawals

Savings and Club Accounts

For more bang for your buck open a savings account or club account and earn a higher interest rate.  You can start saving for your future, your next vacation or Christmas with one of these accounts.

Passbook Savings Accounts:

The passbook savings account is the perfect account if you want to start saving or teach your children the importance of saving. Watch your money grow in a passbook that is updated each time you make a deposit.

  • $1.00 minimum to open the account
  • $10.00 minimum daily balance to earn interest
  • $50.00 balance required to avoid a $5.00 monthly maintenance charge
    • No maintenance charge for tax reported owners ages under 18 or 60 years old and over

Statement Savings Accounts:

Gouverneur Savings and Loan also offers a monthly (quarterly if no account activity) statement savings account. This savings account comes with a monthly statement and is for people on the go and do not want the hassle of carrying a passbook.

  • $1.00 minimum to open the account
  • $10.00 minimum daily balance to earn interest
  • $50.00 balance required to avoid a $5.00 monthly maintenance charge
    • No maintenance charge for tax reported owners ages under 18 or 60 years old and over

Christmas Club Accounts:

If you find yourself short of cash every year at Christmas time the Christmas Club Account is for you. Deposit a little money in the Club weekly, biweekly or monthly using a payment book or automatic deposit and by Christmas, you will be able to buy everything on your Christmas list.

  • $1.00 opens the account
  • Earn interest with $10.00 balance
  • Make weekly, biweekly, or monthly payments
  • Automatic deposits or Club book
  • 50 weeks of $10.00 equals $500.00 + interest

* Early withdrawal subject to penalty

Vacation Club Accounts:

If you want to take that long awaited vacation but can’t seem to save the money to go maybe a vacation club with Gouverneur Savings and Loan would help.

  • $1.00 opens the account
  • Earn interest with $10.00 balance
  • Make weekly, biweekly, or monthly payments
  • Automatic deposits or Club book
  • 50 weeks of $10.00 equals $500.00 + interest

* Early withdrawal subject to penalty

Certificates of Deposit and IRAs

It is never too early to start thinking about retirement.  With the help of Gouverneur Savings and Loans certificate of deposit and IRA plans when you are ready to retire your finances will be ready too!

Certificate of Deposits:

Gouverneur Savings and Loan offers a term savings plan. Lock your cash into a term deposit account and earn more.

  • Competitive rates
  • Terms: 6, 12, 15, 24, 36 & 48 months
  • 36 & 48-month terms receive a one-time bump-up option

* Early withdrawal subject to penalty

IRA Certificate of Deposits:

When you open a retirement plan with Gouverneur Savings and Loan you can rest easy knowing it is always safe and secure and you will have easy access to your funds.

  • Traditional or Roth
  • Easy access to your funds
  • Competitive rates
  • Terms: 12, 15, 24, 36 & 48 months
  • 36 & 48-month terms receive a one-time bump-up option

* Early withdrawal subject to penalty

Business Deposit Accounts

To be a success not only personally but in your business endeavors you need a financial institution you can count on, that can help you grow and prosper. So when the time comes and you are ready to start a new business or move your commercial accounts to a Bank that can help you grow, think of Gouverneur Savings and Loan.  Whether you are doing business under an assumed name, a corporation or Limited Liability Corporation Gouverneur Savings and Loan has accounts and benefits tailored to meet your business needs.

Commercial Checking Accounts:

With our Commercial checking account, you will have all the tools necessary at your fingertips to make your business a success.

  • Monthly service charge of $7.00
  • Daily periodic earnings credit of 1% to offset service charge
  • $100.00 minimum to open the account
  • No per-items fee

The benefits of opening a commercial checking account with Gouverneur Savings and Loan:

  • Online Banking & Bill Pay BankingNo charge
  • Electronic or Paper StatementsNo charge
  • ATM, Debit CardsNo charge for in-house & Point of Sale
  • Telephone BankingNo charge
  • Direct DepositsNo charge
  • Automatic PaymentsNo charge
  • Automatic TransfersNo charge
  • Bank ChecksNo charge when funds are drawn from the account to create the check
  • Business Checks

Additional Commercial Account Services:

  • Wire Transfers
  • Safe Deposit Box Rentals

Money Market Accounts:

Business proceeds can also be placed in a money market account. Here earn a higher interest rate and still have limited access without penalties.

  • Rate is based on tiered balance
  • Larger deposits earn better interest rate
  • No monthly service charge with $2501.00 daily balance
  • Limited check writing and withdrawals

Passbook & Statement Savings Accounts:

If you need a separate account for your sales tax or specially designated funds, try one of the savings accounts. Using one of these accounts allows you to earn interest on your money.

  • $1.00 minimum to open the account
  • $10.00 minimum daily balance to earn interest
  • $50.00 balance required to avoid a $5.00 monthly maintenance charge

Certificate of Deposit Accounts:

A certificate of deposit with Gouverneur Savings and Loan allows you to set aside funds that you don’t have an immediate use for and earn more interest than a simple savings account. Just choose your term.

  • Competitive Rates
  • Terms: 6, 12, 15, 24, 36 & 48 months
  • 36 & 48-month receive a one-timebump-upp option

* Early withdrawal subject to penalty