Savings Account

Saving money doesn’t have to be complicated. This basic savings account has everything you need to start building your nest egg.

Account benefits

  • Interest accrues daily and is paid monthly on collected tiered balance
  • Three withdrawals or transfers per statement cycle at no charge*
  • No minimum monthly balance charge for minors
  • Free Online Banking
  • Free E-statements
  • May be linked to checking account for overdraft protection

Account requirements

  • Minimum opening deposit of $50
  • Minimum balance of $100 required per statement cycle to avoid $5 monthly charge

*Progress Bank policy limits Savings Account withdrawals or transfers, regardless of how initiated, to three per statement cycle.  A charge will be assessed for each item in excess of the number allowed by bank policy.  If these restrictions are exceeded more than three times during a 12 month period, the account is subject to being closed and funds transferred into a checking account. Bill Payment is not available for savings accounts.

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