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Interest Bearing

Checking accounts that pay interest? That's a win-win.

Bank of Vernon designed our NOW accounts for customers who want to earn interest on their balances while enjoying various valuable banking services. The NOW account offers tiered interest earnings for balances above $2,000 and waives monthly service fees for those maintaining higher balances.

For those seeking a comprehensive financial package, the NOW BankClub Basic and NOW Family BankClub accounts combine the interest-earning potential of the NOW account with the added perks of BankClub membership, including identity theft protection, cell phone coverage, and exclusive shopping rewards, providing you with a secure financial solution. Whether looking for straightforward interest earnings or a comprehensive financial package, these accounts offer a smart, flexible solution.
Bank of Vernon's NOW Interest-Bearing Account is designed for those who want to make the most of their deposits by earning interest while enjoying convenient banking services. This account rewards you for maintaining a healthy balance and offers flexibility and ease of access to your funds.

Key Benefits of the NOW Interest-Bearing Account:

  • No Monthly Service Fee for Balances Above $2,000: Maintain a balance of $2,000 or more and enjoy the benefit of no monthly service fee.

  • Tiered Interest Earnings: With our NOW Interest-Bearing Account, you start earning interest on your account with a minimum balance of $2,000. The more you save, the more you earn, as higher balances earn more interest on a tiered basis. This means that the larger your balance, the higher the interest rate you'll receive, helping you maximize your earnings. Our NOW Interest-Bearing Account offers flexibility that puts you in control. While maintaining a higher balance can eliminate fees, balances between $1,000 and $1,999.99 incur a $5.00 monthly service fee, and balances below $1,000 incur a $9.00 monthly service fee. This flexibility ensures that you can manage your account in a way that best suits your financial situation.

  • Instant Issue Debit Cards: Get your debit card on the spot, providing immediate access to your funds for purchases and withdrawals.

  • Online & Mobile Banking: Manage your account conveniently from anywhere with our secure online and mobile banking platforms. Our platforms have the latest security features to ensure your transactions and personal information are safe.

  • Mobile Deposit Capture: Deposit checks using your smartphone without visiting a branch.

  • X-Press Banking: Access your account and perform transactions 24/7 with our phone banking service.

  • 24-Hour ATM Access: Withdraw or deposit funds at any time with our ATMs available around the clock.

  • Night Deposit: Make deposits after hours using our secure night deposit service.

  • Bounce Protection: Our bounce protection feature prevents the hassle and embarrassment of overdrafts, ensuring your transactions are covered.

  • Wire Transfers: Send and receive funds domestically or internationally quickly and securely.

  • E-Statements: Go green and stay organized with electronic statements that are easy to access and store.

  • Personalized Checks at a Convenient Cost: Order checks personalized with your name and address, tailored to your needs at an affordable price.

  • Easy Reordering of Checks: Conveniently reorder your checks whenever you need them.

  • Bill Pay & P2P Payments: Pay your bills and send money to friends or family directly from your account, simplifying your financial management.

  • Automatic Funds Transfers: Schedule regular transfers between accounts to ensure your funds are where needed.

  • Coin Machine Access with a Small Fee: For a small fee, you can convert your coins to cash quickly and easily.

  • Cash Advances: Access extra funds with our cash advance service when you need them most.

The NOW Interest-Bearing Account at Bank of Vernon is ideal for customers who want to grow their money while enjoying a comprehensive range of banking services designed to fit their lifestyle.
The NOW BankClub Basic Account at Bank of Vernon stands out from our other accounts by combining the full range of benefits from our popular BankClub Basic account with the added advantage of an interest-bearing checking account. For just a $5.00 monthly service fee, you can enjoy all the perks of BankClub membership—like identity theft protection, cell phone coverage, shopping rewards, and more—while also earning interest on your deposits.

With the NOW BankClub Basic Account, you have the power to manage your finances the way you want. Suppose you maintain a balance of $2,000 or more. In that case, there’s no additional monthly service fee, and your funds will earn interest on a tiered basis, helping you grow your savings over time. Even if your balance falls below $2,000, the monthly service fees remain reasonable, with a $5.00 fee for balances between $1,000 and $1,999.99 and a $9.00 fee for balances below $1,000.

Along with these financial benefits, the NOW BankClub Basic Account includes:

  • Instant Issue Debit Cards: Start using your account immediately with an on-the-spot debit card.                                                           
  • Online & Mobile Banking: Manage your money from anywhere, anytime.

  • Mobile Deposit Capture: Deposit checks using your mobile device without visiting a branch.

  • X-Press Banking & 24-Hour ATM Access: Access your account and perform transactions 24/7.

  • Bounce Protection: Stay protected against overdrafts, ensuring your transactions go smoothly.

  • Safe Deposit Boxes: Get a 25% discount on yearly rent for added security of your valuables.

  • Wire Transfers & E-Statements: Enjoy efficient money transfers and eco-friendly electronic statements.

  • Free Checks: Receive personalized checks at no extra cost, with easy reordering options.

  • Bill Pay & P2P Payments: Conveniently pay bills and send money to others directly from your account.

  • Automatic Funds Transfers: Schedule regular transfers to ensure your funds are always where you need them.

  • Coin Machine Usage with No Fee: Convert your coins to cash with no additional charge.

  • Cash Advances: Access additional funds quickly when required.

To learn more about the extensive benefits of BankClub membership please visit the BankClub section of our website. We designed the NOW BankClub Basic Account to offer you the best of both worlds—competitive interest earnings and a wealth of valuable perks, all in one account.
With the NOW BankClub Family Account, your family's security is our top priority. For a $7.00 monthly service fee, you can access a wide range of family-oriented benefits—such as $30,000 Accidental Death & Dismemberment coverage, identity theft protection, cell phone insurance, and more—while earning interest on your account balance.
The NOW BankClub Family Account, you have the flexibility to manage your finances your way. If you maintain a balance of $2,000 or more, there's no additional monthly service fee, and your funds will earn interest on a tiered basis. For balances below $2,000, the monthly payments are still affordable, giving you the power to choose what works best for your family.


In addition to these financial benefits, the NOW BankClub Family Account includes:

  • Instant Issue Debit Cards: Experience the convenience of instant Issue Debit Cards, allowing you to access your funds immediately with an on-the-spot debit card.

  • Online & Mobile Banking: Manage your family's finances from anywhere with secure online and mobile banking.

  • Mobile Deposit Capture: Easily deposit checks using your smartphone or tablet.                                                                                  
  • X-Press Banking & 24-Hour ATM Access: Perform transactions anytime, with convenient access to your account.

  • Bounce Protection:: Avoid the inconvenience of overdrafts with bounce protection.

  • Safe Deposit Boxes: You receive a secure storage box at a 25% discount on yearly rent and secure storage for your family's valuables.

  • Wire Transfers & E-Statements: Efficiently transfer funds and receive electronic statements to keep your finances in order.

  • Free Checks: Receive personalized checks at no cost, with convenient reordering.

  • Bill Pay & P2P Payments: Pay bills and quickly transfer money to family and friends.

  • Automatic Funds Transfers: Set up recurring transfers to efficiently manage your family's funds.

  • Coin Machine Usage with No Fee: Convert coins to cash without additional charges.

  • Cash Advances: Access additional funds when needed.
To explore the full range of benefits of the BankClub Family membership, please visit the BankClub Family section of our website. The NOW BankClub Family Account offers a perfect blend of interest-earning potential and family-focused perks, making it an excellent choice for those seeking comprehensive financial solutions.









Bank of Vernon is a full-service Community Development Financial Institution with locations in Mississippi and Alabama.

Financial Freedom Comes from Financial Literacy