Get Real Savings℠
A simple savings account that can help you save for future goals.
- No monthly account fees
- Earn interest on your savings
- $10 minimum deposit to open
At age 13, account holders can obtain their first bankESB Debit Card and benefit from having ATM fees refunded nationwide.* Online Banking and eStatement options are available at this time. NOTE: Must be at least 13 years of age to open a savings account with a parent/guardian present and on the account.
At age 16, account holders can graduate to Get Real Checking with a bankESB Debit Card.**
Not responsible for surcharges or fees imposed by other banks, ATM operators and/or any networks.
*Can request a bankESB Debit Card at 13 years of age. Debit Card will not have Point of Sale functionality until the account owner turns 16 years of age and requests functionality be turned on. Other banks’ ATM surcharge fees that are charged to the account during your current statement cycle will be refunded on the last business day of the current statement cycle up to $7.00 per account per statement cycle. Accounts closed or changed to another product during a current statement cycle will not receive a refund of the other banks’ ATM surcharge fees. This does not include fees imposed by ATM operators or any networks.
**At 16 years of age, can request that Point of Sale functionality be enabled and can also request checks.
Effective Date: Tuesday, November 29, 2022
| Minimum to Open | Minimum Daily Balance to Earn APY | Interest Rate | Annual Percentage Yield (APY)%* |
|---|---|---|---|
| $10.00 | $0.01 | 0.05% | 0.05% |
*Interest is compounded monthly. Annual percentage yield (APY) assumes principal and interest remain on deposit for one year. Fees could reduce earnings on accounts. Rates offered are subject to change without notice.
Notify us if you are 65 years of age or older, or 18 years of age or younger. You may be eligible for a waiver or reduction of certain account fees or charges.
Club Accounts
Save for the holidays or that well deserved vacation with a designated account.
- No monthly account fees
- Statement Savings account
- $10 minimum to open
- A check for the balance and interest is mailed in:
- April for Vacation Club
- October for Holiday Club
- Partial withdrawals not allowed*
*If any withdrawal is made from this account before club maturity, then this account may be closed
Effective Date: Tuesday, November 29, 2022
| Minimum to Open | Minimum Daily Balance to Earn APY | Interest Rate | Annual Percentage Yield (APY)%* |
|---|---|---|---|
| $10.00 | $0.01 | 0.05% | 0.05% |
*Interest is compounded monthly. Annual percentage yield (APY) assumes principal and interest remain on deposit for one year. Fees could reduce earnings on accounts. Rates offered are subject to change without notice.
Get More Money Market℠
Accelerate your savings with an interest-bearing account that’s flexible enough to adapt to your lifestyle.
- $6 monthly account fee, waived with a minimum daily balance of $500
- Debit Card eligibility
- Direct Deposit available
- Free Online Banking
- eStatements
- Minimum balance to open account is $500.
Effective Date: Tuesday, November 29, 2022
| Product | Minimum to open | Minimum daily balance to obtain APY | Annual Percentage Yield (APY)%* |
|---|---|---|---|
| Get More Money Market℠ | $500 | $0.01 | 0.15% |
*This is a variable rate account and the rate may change at anytime. Fees may reduce earnings. Not available for IRA's.
Get More Tiered Money Market℠
Maximize the advantages of higher interest rates while benefiting from the liquidity of a savings account. Plus, with tiered interest rates, the higher your balance, the higher your interest rate.
- $6 monthly account fee, waived with a minimum daily balance of $500
- Debit Card eligibility
- Direct Deposit available
- Free Online Banking
- eStatements
- $1,000 minimum deposit to open
Effective Date: Tuesday, November 29, 2022
| Product | Minimum to Open | Minimum Daily Balance to Earn APY | Annual Percentage Yield (APY)%* | |
|---|---|---|---|---|
| Get More Tiered Money Market℠ | $1,000.00 | $0.01 - $24,999.99 | 0.10% | |
Tiered Money Market $25,000-$49,999.99 | $1,000.00 | $25,000 - $49,999.99 | 0.15% | |
Tiered Money Market $1,000-$99,999.99 | $1,000.00 | $50,000 - $99,999.99 | 0.20% | |
Tiered Money Market $100,000-$999,999.99 | $1,000.00 | $100,000 - $999,999.99 | 0.25% | |
Tiered Money Market $1,000,000+ | $1,000.00 | $1,000,000+ | 0.30% |
*This is a variable rate account and the rate may change at any time. Fees may reduce earnings. Not available for IRA's.
Health Savings Account
A Health Savings Account or HSA is an account you deposit money into to save for current or future healthcare expenses. Enjoy favorable tax treatment on the money you save, and you decide how it’s spent: Use it to cover qualified healthcare needs as they’re incurred or carry it over to cover future qualified expenses.
- Contributions you make may be tax deductible*
- Contributions made by your employer may be excluded from gross income
- Distributions are not taxed when used for qualified medical expenses
- Distributions for qualified medical expenses can be used to meet your HDHP deductible
- Funds left in an HSA, including interest, grow tax-free
- Funds can be left in an HSA to accumulate – no “use it or lose it”
- An HSA is portable
- You can open and transfer HSAs to bankESB
* Certain restrictions may apply. Consult your tax advisor.
