Personal Savings

PERSONAL SAVINGS

Saving money is easy and safe at Encore Bank. We can help you find the right fit for your style of banking. From CDs with flexible and competitive rates to helping you set aside money for short-term goals like vacations, Encore Bank offers you the right savings account for your unique needs.

 

Accounts Minimum to open Minimum to earn interest Tiered interest Service Fee

Premium Yield Savings

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$100,000 $1 Yes Yes (can be waived if balance requirements are met)

Statement Savings

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$100 $1 No Yes (can be waived if balance requirements are met)

Certificates of Deposit (CD’s)

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$1,000 $1 Yes Penalty for early withdrawal

Fixed Rate CD IRA

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$1,000 $1 No Penalty for early withdrawal

Variable Rate CD IRA

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$1,000 $1 Yes Penalty for early withdrawal

IRA Savings

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$25,000 $1 Yes No

Premium Yield Savings

Premium Yield Savings is ideal for clients who keep a high balance, need limited access to the account and are looking for the highest yield of interest.

Statement Savings

Statement Savings is ideal for clients who maintain a moderate balance and are interested in saving money with a competitive interest rate.

Certificate of Deposit(CD’s)

Certificates of Deposit are ideal for clients who want a competitive rate of interest and do not need immediate access to their funds.

Fixed Rate CD IRA

1 to 5 year terms with a fixed rate of interest based on current market conditions.

Variable Rate CD IRA

18 to 30 month terms with a variable rate of interest each quarter based on current market conditions.

IRA Savings

No monthly maintenance fees and competitive interest rates. This allows for multiple contributions.

Make the switch today!