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Banking on the Hi-Line

Personal Savings

Independence Bank offers three basic personal savings accounts. Compare the features and choose the one that fits your needs and lifestyle.

 

Regular Savings Account*

Earn interest on the money you save!

  • $25 minimum opening and daily balance requirement
  • Below minimum, a $1 maintenance fee per month
  • Minimum balance maintenance fee is waived for our customers who are under 18
  • 3 withdrawal limit per month. Excessive Withdrawal Fee: $2 per withdrawal when limit is exceeded

VIP Savings Account*

Earn competitive interest rates on higher balances!

  • $5,000 minimum opening and daily balance requirement
  • Below minimum a $5 maintenance fee per month
  • 3 withdrawal limit per month. Excessive Withdrawal Fee: $2 per withdrawal when limit is exceeded
  • Must maintain a minimum average daily balance of $5,000 to obtain the disclosed annual percentage yield

Premier Savings Account*

(Consumer Only)

Premium savings account rewards balances with higher interest rates of return!

  • $25,000 minimum opening and daily balance requirement
  • Below minimum a $25 maintenance fee per month
  • 4 withdrawal limit per month. Excessive Withdrawal Fee: $25 per withdrawal when limit is exceeded
  • Must maintain a minimum average daily balance of $25,000 to obtain the disclosed annual percentage yield

* Fees could reduce earnings on the account.

 

 

Insured Cash Sweep (ICS)®

(Consumer and Business)

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Insured Cash Sweep is a cash management tool for customers who want to secure large deposits while maintaining access to their funds.  A perfect alternative to repurchase agreements and other less flexible accounts, ICS offers competitive interest, same day access to your money and multi-million dollar FDIC insurance.  As a member of the ICS network, Independence Bank offers large deposit customers access to a cash management too that will secure their funds and streamline their business.

  • Enjoy full access to your funds and earn interest at the same time
  • Maintain FDIC insurance coverage by working directly with Independence Bank
  • Receive one consolidated monthly statement for all of your accounts
  • Check accounts online 24/7 

Christmas Club Account

Let us help you save for the Holiday Season! This pledge account helps you stash money away each week throughout the year so Christmas shopping will be a little more fun. 

 

Here's how it works: 

  1. You pledge to save a specific amount each week for 50 weeks.
  2. If your pledge is met at the end of 50 weeks, Independence Bank will match one week’s contribution (Up to a maximum of $200).

So, if you pledge $20 per week, you would save $1,000 after 50 weeks. If you have $1,000 in your Christmas Club Account at the end of 50 weeks, IB will add another $20 to your account as a reward for your savings.

It's Always a Happy Holiday at Independence Bank!

Contact Us to open your Christmas Club Account

 

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