Savings Options
We recognize the importance of nurturing your company's financial growth. Our suite of business savings accounts - Statement Savings, Free Savings, Super Savings, and Money Market - is meticulously crafted to empower your business with the tools it needs to thrive in today's dynamic economic landscape.
Statement Savings
This account has a minimum balance requirement of $250; if the balance falls below the minimum, a $5 service fee will be assessed quarterly. Interest is compounded daily. Statements are mailed, and interest is credited quarterly on March 31, June 30, September 30, and December 31.
Free Savings
We offer free statement savings with no minimum balance requirement or quarterly service charge to Individuals with Direct Deposit, Senior Citizens aged 62 or older, Full-time Students, and Non-profit Organizations.
Super Savings
This account requires a minimum balance of $500; if the balance falls below the minimum, a $10 service fee will be assessed quarterly. It pays a premium interest rate based on tiered levels, which is compounded daily. Statements are mailed, and interest is credited quarterly on March 31, June 30, September 30, and December 31.
Money Market
This account is available to both individuals and businesses. It has a minimum balance requirement of $2,500; a $15 service fee is assessed monthly if it falls below the minimum. This account pays a premium interest rate based on tiered levels. Interest is compounded daily and credited monthly. Statements with check images are mailed monthly.
| Account Comparison |
Statement Savings |
Free Savings |
Super Savings |
Money Market |
| Opening Deposit |
$100 |
$100 |
$500 |
$2,500 |
| Quarterly Service Charge |
$5* |
$0** |
$10* |
$15* |
| Minimum Balance to Avoid a Service Charge |
$250 |
$0** |
$500 |
$2,500 |
| Interest Compounded |
Daily |
Daily |
Daily |
Daily |
| ATM Card |
Yes |
Yes |
Yes |
Yes |
*If the minimum balance requirement is not met.
**Offered to customers who have a Direct Deposit or are Senior Citizens aged 62 or older, Full-time Students, or Non-profit Organizations.
For more information on rates or to learn more about these accounts, please contact our Customer Care Center at 410-749-1185 or use the Contact us form.
