Savings Accounts

  Interest Bearing Minimum Balance Monthly Service Charge ATM Card Transfer Capabilities
Passbook Savings Account Yes No No No None electronically
Statement Savings Account Yes No No Yes Yes, up to 6 transfers per monthly statement cycle

Passbook Savings Account

Timeless. A traditional savings account which requires a passbook to make deposits and withdrawals.

Features of your Passbook Savings Account:

  • Interest bearing account
  • Capable of receiving direct deposit
  • Withdrawal flexibility
  • No minimum balance required
  • Deposits insured in full by FDIC and DIF

Account Requirements:

Incorporated Business

  • Business name
  • EIN of the business
  • Completed business questionnaire
  • Articles of Incorporation

Sole Proprietor

  • Owner's name
  • Business name
  • Completed business questionnaire
  • Business certificate

Passbook Savings Account Rates

Statement Savings Account

Just Right. A savings account that earns interest, and allows access to an ATM card and allows for 6 transfers per month.

Giving you the best of both worlds... isnt that the way banking should be?

Features of your Statement Savings Account:

  • Interest bearing account
  • Electronic funds transfer capable
  • ATM Card
  • Receive monthly statement
  • Capable of receiving direct deposit
  • No minimum balance required*
  • Surcharge-free withdrawals at SUM, MoneyPass and Allpoint network ATMs**
  • Deposits insured in full by FDIC and DIF

Account Requirements:

Incorporated Business

  • Business name
  • EIN of the business
  • Completed business questionnaire
  • Articles of incorporation

Sole Proprietor

  • Owner's name
  • Business name
  • Completed business questionnaire
  • Business certificate

*Requires $10 to earn interest

**Non SUM, MoneyPass and Allpoint ATM networks may charge a separate fee

Statement Savings Account Rates