Savings Account Benefits
With a Security Bank savings account, you will enjoy all of the following benefits:
- Free Online Banking
- Free Mobile Banking (Message and data rates may apply)
- Free eStatements
Compare Our Savings Accounts
| Account Type*** | Required Opening Balance | Interest Bearing?** | Activity Fees / Requirements |
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Statement Savings
Looking simply to save money? This account is perfect to start saving and earn interest with a low minimum balance required.
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No minimum deposit required to open the account.
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Interest will be credited to your account quarterly.
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A service charge of $5.00 will be imposed every month if the daily balance falls below $100.00 any day of the month.
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Youth Savings
This account helps teach and reinforce the long term value of saving with a higher interest rate.
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$25.00
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If your daily balance is $500 or less – 5.00% Annual Percentage Yield (APY).
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For more than one withdrawal per month, you will be charged $1.00 per withdrawal.
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$500.01 to $5,000 – 2.50% APY
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An interest rate of .15% will be paid only for the portion of the daily balance which is greater $5000.
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Money Market
Earn a competitive interest rate in an account that allows you to write checks.
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$1,000.00
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Variable interest rates; interest accrued daily on collected balance and is compounded and paid quarterly. Rates are tiered to give you higher rates for your higher balances.
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Service charge of $5.00 per month plus $.20 per debit if the daily balance falls below $1,000.00.
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Super Money Market
Excellent savings account for those investors who can maintain higher account balances and can access the account by writing checks.
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$10,000.00
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Variable market rates; interest accrued daily on collected balance and is compounded and paid quarterly. Rates are tiered to give you higher rates for your higher balances.
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Service charge of $5.00 per month plus $.20 per debit if the daily balance falls below $10,000.00.
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Christmas Club
This account is perfect for putting away money each week to access just in time for the holidays
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$2.00
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Yes
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Maximum amount you may deposit is $50.00 per week.
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Health Savings Account
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$100.00
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Interest will be credited to your account quarterly.
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No fees if withdrawals are by debit or check.
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**At our discretion, we may change the interest rate and the annual percentage yield on Statement Savings, Youth Savings, Money Market Savings, Super Money Market Savings, Christmas Club Savings Accounts and Health Savings Accounts at any time. If you close your account, any unpaid accrued interest will not be credited to your closing balance. Interest begins to accrue on the business day you deposit cash and/or non-cash items. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
*** Regulation D transaction limitations: Limitations to the Statement Savings Account, Youth Savings Account and Money Market Accounts apply to pre-authorized transfers, automatic transfers, telephone transfers, computer transfers, checks drafts, debit card transactions, or by similar order to third parties are limited to no more than six per statement cycle. Transaction limitations do not apply to transfers or withdrawals made by mail, messenger, ATM, or in person. If you exceed the transfer limitations set forth above, your account will be subject to change or closure.
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