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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.

 

Choose A Personal Savings Account that is Right For You!

Regular Savings Account

Earn interest on the money you save!

Open Account

Details

  • $25 minimum opening balance requirement
  • Below minimum = $1 maintenance fee per month
  • Minimum balance maintenance fee is waived for our customers who are under 18
  • 6 free withdrawals per month. Excessive Withdrawal Fee: $2 per withdrawal 

VIP Savings Account

Earn competitive interest rates on a tiered rate schedule!

Open Account

Details

  • $5,000 minimum opening and daily balance requirement
  • Below minimum = $5 maintenance fee per month
  • 6 free withdrawals per month. Excessive Withdrawal Fee: $2 per withdrawal
  • Must maintain a minimum average daily balance of $5,000 to obtain the disclosed annual percentage yield

Premier Savings Account

Premium savings account rewards balances with higher interest rates!

Open Account

Details

  • $25,000 minimum opening and daily balance requirement
  • Below minimum = $25 maintenance fee per month
  • 6 free withdrawals per month. Excessive Withdrawal Fee: $25 per withdrawal
  • Must maintain a minimum average daily balance of $25,000 to obtain the disclosed annual percentage yield
  • Consumer only

Insured Cash Sweep (ICS)®

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. This product is available to personal and business banking customers. As a member of the ICS network, Independence Bank offers large deposit customers access to a cash management tool that will secure their funds and streamline their business.

  • 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: 

(Consumer Only)

  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).
  3. Christmas Club account must be opened by January 31st in any given year in order to participate in that year's Christmas Club.

So, if you pledge $20 per week, you will 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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Welcome

Independence Bank would like to personalize your banking experience. Please enter your first name below.

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This level of personalization will not lead to the sale of your name or leak your identity. The information you provide will only be stored on your computer and will not be transferred to any other source.