Personal Banking > Savings Products

Passbook Savings*
The passbook savings account remains a popular product for setting aside funds for future use. All of your transactions are posted in your personalized savings passbook.

• Low minimum deposit of $25 to open your account
• No maintenance fee unless your balance falls below $100
• Competitive interest rate and yield**
• Interest compounded daily and credited monthly
• Each transaction is posted printed in your passbook
• The safety and security of FDIC insurance

Statement Savings
Do you prefer a monthly accounting of your savings account without the necessity of a passbook? A statement savings account is the account for you.

• Low minimum deposit of $25 to open your account
• No maintenance fee unless your balance falls below $100
• Competitive interest rate and yield*
• Interest compounded daily and credited monthly
• Monthly statement of your account activity
• 7 day/24 hour ATM access to funds (when you also have an Advance Bank checking account)
• The safety and security of FDIC insurance

Statement Savings Plus
Advance Bank’s Statement Savings Plus account is an excellent vehicle for setting aside funds for future use. With a Statement Savings Plus account, higher balances earn you higher interest rates.

• Low minimum deposit of $25 to open your account
• No maintenance fee unless your balance falls below $100
• Competitive interest rate and yield*
• Interest compounded daily and credited monthly
• Special tiered rates that reward you for higher balances
• Monthly statement of your account activity
• 7 day/24 hour ATM access to funds (when you also have an Advance Bank checking account)
• The safety and security of FDIC insurance

Minor Statement Savings
Want to teach your children how to manage money and save for the future at an early age? Advance Bank’s Minor Statement Savings is the perfect account for this purpose.

• Low minimum balance of $10 to open the account
• Your account begins to earn interest when the balance reaches $20
• Competitive interest rate and yield*
• Interest is compounded daily and credited monthly
• No monthly maintenance or minimum balance fee
• Easy to read statement of account activity
• Maximum age 17
• The safety and security of FDIC insurance

Holiday Club Savings
Have you ever run short of cash just when the Holidays roll around? Want to be sure that it never happens again? Open a Holiday Club account today.

• Low minimum deposit of $25 to open your account
• Save regularly and earn competitive annual percentage rate and yield
• Low fee for each withdrawal
• Receive a check in time for the Holidays
• The safety and security of FDIC insurance

Vacation Club Savings
Dreaming of that perfect vacation? Open a Vacation Club account and save towards that goal.

• Low minimum deposit of $25 to open your account
• Save regularly and earn competitive annual percentage rate and yield
• Low fee for each withdrawal
• Receive a check in time for your summer Vacation
• The safety and security of FDIC insurance

Certificates of Deposit
If you are saving for a long term goal, Advance Bank offers Certificates of Deposit that range from 3 months to 5 years with numerous terms in between.

• Minimum deposit of $1,000 to open your CD
• Competitive rates and annual percentage yield*
• Allow the interest you earn to accumulate, receive a monthly check or have the interest deposited directly into your Advance Bank savings or checking account
• Interest compounded daily and credited monthly
• The safety and security of FDIC insurance

Individual Retirement Accounts (IRA)
Certificates of Deposit
Prepare for a secure future. There is no time like the present to begin saving for the kind of retirement that offers financial security. An IRA is an ideal way to save for that day. Take a look at some of the features and benefits of an Advance Bank IRA account

• No set up fees
• Defer taxes on your contributions until withdrawal
• Deposit the maximum allowable contribution each year*
• Many savers can claim tax deduction on their contributions**
• ROTH IRAs allow tax-free withdrawals for specified purpose**
• The safety and security of FDIC insurance

Money Market Account
Advance Bank’s Money Market Account is a great blend of flexibility and profitability. Your account earns interest at a higher rate than a regular savings account and you can access your funds with check writing privileges.

• Minimum deposit of $1,000 to open your account
• Special tiered rates that reward you for higher balances
• No monthly maintenance fee unless the balance falls below the required opening amount
• Maximum of six (6) free debits, including three (3) withdrawals by check or pre-authorized third-party debits per month*
• Interest compounded daily and credited monthly
• Monthly statement of account activity
• The safety and security of FDIC insurance

Premium Money Market
Advance Bank’s Premium Money Market Account gives you a higher rate than the regular Money Market account and you can access your funds with check writing privileges.

• Minimum deposit of $1,000 to open your account
• Special tiered rates that reward you for higher balances
• No monthly maintenance fee unless the balance falls below $10,000 any day of the month
• Maximum of six (6) free debits, including three (3) withdrawals by check or pre-authorized third-party debits per month*
• Interest compounded daily and credited monthly
• Monthly statement of account activity
• The safety and security of FDIC insurance