savings comparison

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Personal Savings Comparison

  Preferred Savings Smart Kid Savings (age 21 and under) Money Market Preferred Money Market CDs & IRAs Health Savings Account
Who Would Benefit From This Account Great for earning interest on higher balances accounts that may occasionally have a lower balance A great account to get started saving at an early age The right account if balances are between $2,500 and $10,000 Perfect for a $10,000 minimum balance account while earning more as the balance grows A great way to have options for rates and terms on your money The right account to pair with a high-deductible health plan in order to save and conveniently pay medical expenses
Interest Bearing Tiered Yes Yes Tiered Yes Yes
Minimum Opening Balance and Balance Required to Earn Interest $100 $10 $2,500 $10,000 Varies based on product selected $100
Service Charge $2 per statement cycle if balance falls below $100 None None if a minimum daily balance of $1,500 is maintained or a minimum average balance of $2,500; otherwise $8.50 per statement cycle None if a $10,000 minimum daily balance is maintained in combination of identified Preferred Money Market, NOW, Savings, Money Market Deposit Account, Certificate of Deposit or Home Equity Line of Credit accounts; otherwise $10 fee per statement cycle Penalties assessed for early withdrawal None
Per Item Charge $2 per item for withdrawals in excess of four per cycle $1 per item for withdrawals in excess of three per cycle None None None None
Additional Information Withdrawal limitations apply Automatically converts to Preferred Savings at age 22 Withdrawal limitations apply Withdrawal limitations apply A variety of terms are available Contact any branch for additional information and qualifications
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