FDIC-Insured - Backed by the full faith and credit of the U.S. Government
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!
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
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!
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 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
Here's how it works:
(Consumer Only)
- You pledge to save a specific amount each week for 50 weeks.
- 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).
- 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.
