Statement Savings
The Traditional Way To Save
Keep Your Savings Goals On Track
Our Statement Savings Account links with a National Iron Bank checking account to keep your savings goals on track. You set how much you want to save each month and that money is automatically transferred. Save for whatever is important to you – a vacation, a new car, a home, your child’s education or a rainy day. Just sit back and watch your funds grow.
Features
- Online Banking
- Online Budgeting Tools
- eStatements
Account Requirements
- Paper statement fee may be assessed but can be avoided by enrolling with eStatements
- The account must maintain a minimum balance of $250 each month to avoid the monthly service fee.
- Other fees may apply, see our service charges and fees
- Your interest rate and annual percentage yield may change. The minimum to earn interest is $250.00. Fees may reduce earnings
- Savings Account Transaction Limitations: Transfers from a
- Savings account to another account or third parties by preauthorized, automatic, or telephone transfer, or similar order are limited to six per statement cycle.
Current Rates
Rates Effective 11/21/2024
| Product | Balance Tiers | Annual Percentage Yield (APY) | Simple Interest Rate | Compounding Frequency |
|---|---|---|---|---|
| Statement Savings | $0.00 – $249.99 | 0.00 | 0.00 | Quarterly |
| $250.00 or more | 0.02 | 0.02 | ||
| No-Frills Savings | $0.00 – $249.99 | 0.00 | 0.00 | Quarterly |
| $250.00 or more | 0.02 | 0.02 | ||
| Secure Savings | $0.00 – $249.99 | 0.00 | 0.00 | Quarterly |
| $250.00 or more | 0.02 | 0.02 |
Compare Savings Options
CHOOSE THE ACCOUNT OPTION THAT COMPLIMENTS YOUR GOALS AND ENCOURAGES LONG-TERM FINANCIAL SUCCESS.
Secure Savings
When setting aside money is a habit, you can watch your savings grow with confidence. Keep your goals on track by saving automatically.
Harvest Money Market
One of the best money market interest rates you will find when you open the account with funds not currently on deposit with us.
Certificate of Deposit
A sound investment with a steady rate of return, our Certificates of Deposit offer a wide array of terms and rates. Best of all, our Iron Country Checking customers always get a premium rate.
Home Equity Line of Credit
With a Home Equity Line of Credit you can use your home’s value to secure the cash flow you need to finance a home renovation, pay tuition bills or afford a much needed vacation.