Personal Banking > Savings Products

Statement Savings
Want a monthly accounting of savings activity without the necessity of a passbook? A Statement Savings account from Advance Bank is for you.

• Minimum $100.00 deposit to open a Statement Savings account
• Easy-to-read monthly statement of your account activity
• Competitive interest rate and Yield*
• Interest compounded daily and credited monthly
• 7 day/24 hour ATM access to funds**
• No maintenance or service fee if $100 minimum balance is maintained
• Unlimited withdrawal privileges

*Interest rate and yield subject to change and determined at the Bank’s discretion.
**Must also have a checking account.
 

Passbook Savings*
A savings tradition. It’s a way to keep all of your transactions listed in a convenient passbook

• Minimum deposit of $100 to open your account

• Competitive interest and yield**

• Interest is compounded daily and credited monthly

• No maintenance or service fee on the account unless savings falls below the $100 minimum

• Unlimited withdrawal privileges

• Running account of your transaction history

*Passbook must be presented for withdrawals
** Interest rate and yield subject to change and determined at the Bank’s discretion
 

Holiday Club Savings
Ever run short of cash just when the Holidays roll around? Want to be sure it never happens again? Open a Holiday Club at Advance Bank today.

• Low $25 minimum deposit requirement

• Save regularly and earn competitive rate and yield

• Interest compounded daily and credited quarterly

• Low fee for each withdrawal

• Receive a check in time for the Holidays

Certificates of Deposit
Whether you have short-term savings goals or long-term savings goals, we’ve got a Certificate of Deposit product for you. We have Certificates from 3 month terms all they way up to five year terms. Its your choice and you get a higher rate of interest than your savings or checking account. Why not earn more and watch your money grow.

• Minimum deposit of $1,000 to open your CD

• Very competitive interest rates and yields

• Allow interest you earn to accumulate, receive quarterly checks for the interest you earn or have the interest deposited directly into an Advance Bank savings or checking account of your choice

• Interest compounded daily and credited quarterly

Individual Retirement Accounts
Prepare for a secure future. There is no time like the present to begin saving for the kind of retirement that offers financial security and freedom from care. An IRA is an ideal way to save for that day. Take a look at some of the features and benefits of an Advance Bank IRA account

• No set up fees or charges whatsoever

• Competitive Interest rates and Annual Percentage Yields

• Defer taxes on your contributions until withdrawal

• Deposit up to $3,500 per year*

• Many savers can claim tax deductions on contributions**

• ROTH IRAs allow tax-free withdrawals for specified purposes

*Catch up contributions for individuals at least fifty (50) years of age
**Consult your tax advisor for eligibility and details

Money Market Accounts
An Advance Bank Money Market account offers you the flexibility to right checks and earn a higher rate of interest. You can access your money anytime.

• Minimum deposit of $1,000 required to open your account

• Special tiered money market accounts available that reward you for higher deposit/balance amounts

• No monthly maintenance fee unless balance falls below the required opening amount

• Higher interest rate and yield than standard savings accounts at the highest tier

• Maximum of six (6) free debits, including three (3) withdrawals by check or pre-authorized third-party debits per month. Low fee for withdrawals exceeding that amount.

• Interest compounded daily and credited monthly.