Savings Accounts

At Bank of 1889, we have a savings account to serve your needs. By offering a variety of accounts with many different options and benefits, you can choose the perfect account for how you bank. Use the chart below to help you choose, or let one of our customer service representatives help you find your perfect account.
 

Savings Account Types

Regular Savings Account

Minimum to Open: $100

Interest: Interest accrued quarterly | .10% Interest Rate | .100% APY

Information: Must have a minimum balance of $100.00
to obtain interest APY

Service Charge: $2 per statement cycle if minimum daily balance is less than $100*

Check Card Fee: $0 (checking account relationship required)

Transaction Limit: 2 free withdrawals | $1 per debit item after
2 per statement cycle

Young Savers (Ages 0-18)

Minimum to Open: $25

Interest: Interest accrued quarterly | .10% Interest Rate | .100% APY

Information: For minors age 0-18 | Must have a minimum balance of $1.00 to obtain interest APY

Service Charge: $0

Check Card Fee: $0 (checking account relationship required)

Transaction Limit: 2 free withdrawals | $1 per debit item after 2 per statement cycle

Personal Savings Accounts Comparison Chart
ProductRegular Savings AccountYoung Savers
(Ages 0-18)

Minimum to Open

$100

$25

Interest

Interest accrued quarterly

.10% Interest Rate
.100% APY

Interest accrued quarterly

.10% Interest Rate
.100% APY

Information

Must have a minimum balance of $100.00
to obtain interest APY

For minors age 0-18

Must have a minimum balance of $1.00
to obtain interest APY

Service Charge

$2 per statement cycle if minimum daily balance
is less than $100*

$0

Check Card Fee

$0 (checking account relationship required)

$0 (checking account relationship required)

Transaction Limit

2 free withdrawals; $1 per debit item after
2 per statement cycle

2 free withdrawals; $1 per debit item after 2 per statement cycle

* Dormant account fee $5 per month with balance less than $100

Interest Rates and Annual Percent Yield (APY) subject to change without notice.

Interest Rates and Annual Percent Yield (APY) are current as of 9/20/18.

Fees could reduce the earnings on the account.