Home/Checking & Savings/Savings

Savings accounts that turn possibility into progress

Life gives you plenty of reasons to save: family, college, travel, the future. Our savings accounts make it possible to prepare for it all. Each savings account is designed to help you build, grow, and access your money, so you can plan for the milestones, moments, and goals that matter.

Start saving smarter

Two women sit on a couch with a black dog, smiling and looking at a laptop together in a cozy living room.

Statement Savings for everyday goals

A straightforward, interest-earning account that keeps your money accessible while helping you build a stronger financial foundation.

Interest-bearing
Direct deposit–ready
Withdrawal flexibility
ATM card available
Electronic transfers
No minimum balance required
No monthly maintenance fee

Open your account in person with a valid photo ID.²

OPen an account

Close-up of hands typing on a laptop keyboard, with a tablet, eyeglasses, and a mug on a desk, and a window showing a sunset in the background.

Holiday Club for seasonal planning

Keep your holiday budget in check by setting aside money throughout the year for your seasonal expenses. With Holiday Club, you can plan ahead and actually enjoy the season.

Interest-bearing account
Direct deposit–ready
No minimum balance
No monthly maintenance fee
$5.00 penalty applies if funds are withdrawn before November 1

Open Now

A woman writes in a notebook while smiling at a man standing beside her. They are in a bright kitchen with a laptop and tablet on the counter.

Which savings account is for you?

Every saver’s needs are different. Use this comparison to see which account gives you the access, features, and flexibility you’re looking for.

VIEW DISCLOSURES

Details	Statement Savings	Holiday Club	Money Market
Ideal if…	You want interest and flexible access to your funds.	You want an easy way to save for holiday expenses.	You want higher earning potential with flexible access to your funds.
Features	ATM card, direct deposit, flexible withdrawals, electronic transfers, no minimum balance¹	Interest-bearing, direct deposit, no minimum balance	Competitive interest rates, flexible access to funds, direct deposit capable, fully insured (FDIC & DIF)
Limits and fees	$10.00 required to open	$10.00 required to open; $5.00 fee if withdrawing before Nov. 1	$10.00 required to open
How to open	Open online	Open online	Open online

Track your progress wherever the journey takes you

Stay connected to your savings with secure digital tools that help you manage, move, and make savings decisions quickly, so you stay organized, anytime, anywhere.

Real-time balances and activity
Set up automated savings
Easy transfers from checking to savings
Pay your Newburyport Bank loan from an account at another bank
Live chat with a representative
Monitor and improve your credit score
Budget better with our Money Management tool

Enroll

Smiling woman wearing glasses and an argyle sweater uses a smartphone indoors, with a blurred plant in the background.

Savings FAQs

Do savings accounts earn interest?

Yes. Both Statement Savings and Holiday Club accounts earn interest.

Is there a minimum balance?

No. Both savings accounts have no minimum balance requirement.

Can I set up automatic savings?

Yes. Use online banking to schedule recurring transfers or set up direct deposit from your paycheck or pension —perfect for setting aside money for future needs.

Are there withdrawal limits?

Statement Savings offers flexible withdrawals. Holiday Club funds are available after November 1 without penalty.

Can I open an account online?

Yes. You can open Savings and Holiday Club accounts online or by visiting any of our branches.

DISCLOSURES

¹Non SUM, MoneyPass and Allpoint ATM networks may charge a separate fee.

²Opening an account online or in person requires a valid photo ID. If using a passport or valid photo ID has your incorrect physical address you need to provide one of the following for proof of address: Bill, mail, car insurance, bank statement, rental agreement, or new mortgage statement.