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