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Savings Accounts

Start Your Savings Journey

It doesn’t matter if you’re saving with a specific goal in mind or you just want to be prepared for something unexpected. Saving money is a valuable skill that serves you well throughout your life. At Savings Bank, we offer a variety of savings accounts so you can choose how you want to save your money. Contact our offices to speak with a member of our team about which savings account option is the right choice for you.

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Savings Account Options

Account Type

Key Features

Passbook Savings

$200.00 daily balance requirement to avoid $2.00 monthly service charge

Variable interest account

Interest paid quarterly

Receive quarterly statements

Free online banking and direct deposit

Christmas Club Savings
Save throughout the year for holiday purchases

Maximum balance of $2,500.00

No account service charge

Receive annual statements

Account balance checks are mailed out by December 1st each year

Variable interest account

Interest paid quarterly

Health Savings Account
Save to pay for qualified medical expenses

No minimum balance requirement

No account service charge

Must be enrolled in high-deductible healthcare plan

Variable interest account

Money Market Accounts

Money market accounts give you the ability to take advantage of tiered interest rates. The higher your balance, the better your rate. Each of our accounts include:

  • Quarterly statements
  • Free online banking and direct deposit
  • No service charges
  • Up to 6 preauthorized transfers, 3 of which can be made by check

Check out our money market account options below.

Account Type

Account Features

MMI Account

$2,500.00 minimum balance requirement

Variable interest account

Interest paid quarterly

Super MMI Account
$10,000.00 minimum balance requirement

Variable interest account

Interest paid quarterly

Jumbo MMI Account
$25,000.00 minimum balance requirement

Variable interest account

Interest paid quarterly

Mega MMI Account
$50,000.00 minimum balance requirement

Variable interest account

Interest paid quarterly