Putting money away for the future is an excellent idea. And like many good ideas, the hardest part can be simply getting started.
So we’ve made our savings accounts easy to open, manage, and access. We have a variety of different options to choose from, whatever destinations are in your future.
| Account Type | Good if you want | Highlights |
|---|---|---|
| Simple Savings | A savings account with easy access | Open with as little as $10.00, worldwide ATM access |
| Performance Money Market | A higher rate of return with ongoing access | Open with $25.00, easy access to your funds |
| CDs | A guaranteed rate of return over time | 1 to 5 years, minimum deposit of $1,000.00 ($500.00 for IRAs) |
| Product/Service | Highlights |
|---|---|
| Traditional IRA | Contributions are pre-tax, taxes are paid at retirement |
| Roth IRA | Contributions are taxed when invested, disbursed tax-free at retirement |
Rates Effective as of: October 15, 2018
| Product | Interest Rate | APY1 | Minimum Deposit to Open | Minimum Daily Balance To Earn APY |
|---|---|---|---|---|
| Simple Savings | 0.05% | 0.05% | $10.00 | $10.00 |
| Performance Money Market Account | 0.05% | 0.05% | $25.00 | $10.00—$9,999.99 |
| 0.10% | 0.10% | $25.00 | $10,000.00—$29,999.99 | |
| 0.15% | 0.15% | $25.00 | $30,000.00—$49,999.99 | |
| 0.20% | 0.20% | $25.00 | $50,000.00 + | |
| Bonus Tier2 | 0.60% | 0.60% | $25.00 | $50,000.00 + |
1Annual Percentage Yield. Rates on the above accounts may change after the account is opened. Fees could reduce earnings on these accounts.
Transfers from statement savings accounts or money market accounts to another account or to third parties by preauthorized, automatic, telephone, facsimile, or computerized transfer are limited to six transfers per monthly statement cycle. Continued transfers/withdrawals exceeding these numbers will result in the permanent restriction of these transfers. (For Retirement money market accounts, you are not allowed any checks or drafts to third parties.)
2Bonus tier for customers with a Performance Plus Checking Account.