Savings & CDs
In order to prosper tomorrow, you have to prepare today. That’s why we offer clients an extensive catalog of competitive savings options like CDs and more.
Savings Account Comparison*
| Statement Savings | Prestige Money Market Savings | Children’s Savings | Health Savings Account | Certificates of Deposit2 | |
|---|---|---|---|---|---|
| Description | A basic plan for fast growth and easy access to funds. | For individuals with higher deposit balances; offers higher interest rates while maintaining the same level of convenience | For individuals with higher deposit balances; offers higher interest rates while maintaining the same level of convenience | Cover qualified medical expenses for individuals enrolled in a High Deductible Health Plan; consists of non-taxed funds contributed from clients' paychecks |
CDs earn a higher return than standard savings accounts; they are a stable and safe investment without the worries associated with riskier investment strategies |
| Minimum Opening Deposits | $100 | $2,500 | $25 | $0 | $2,000 |
| Interest Compounding and Crediting Frequency | Quarterly | Monthly | Quarterly | Monthly |
Quarterly & At Maturity If the term is 12 months or greater = Quarterly |
| Withdrawal Fees | 6 free withdrawals allowed per quarter, $1.00 per debit fee for each debit transaction in excess of six (6) per quarter | 6 free withdrawals allowed per month, $5.00 per debit transaction in excess of six (6) per month | 6 free withdrawals allowed per quarter, $1.00 per debit fee for each debit transaction in excess of six (6) per quarter | No limit | Penalty may apply for early withdrawal, and fees could reduce earnings |
| Service Charge - Minimum Balance Requirements1 | You must maintain a minimum daily balance1 of $100 in your account to avoid a $10 quarterly Service Charge | You must maintain a minimum daily balance1 of $2,500 in your account to avoid a $15 monthly Service Charge | No Service Charge | You must maintain a minimum daily balance1 of $3,000 in your account to avoid a $1.75 monthly Service Charge | — |
| Additional Fees | — | — | — | Initial Account Set-up Fee: $25.00. Distribution of Excess Contribution Fee: $20.00. Closing Fee: $25.00 | — |
| Features | — | — | — | — |
Fixed interest rate and fixed term Monthly and yearly term options Renewal options |
1Minimum Daily Balance is the lowest balance in your account on any day of the statement cycle.
2Certificates of deposit (CDs) interest rates and Annual Percentage Yields (APYs) are subject to change at maturity. CDs have a 10 calendar-day grace period before auto-renewing.
*We also offer Individual Retirement Arrangements (IRAs) (also known as Individual Retirement Accounts) at competitive rates and terms. Contact a Personal Banker today for terms and conditions.
Open an Account Today
Contact our team today to open a personal checking account and discover the perks that come with it!