Savings

make the most of your money

Whether you’re saving for a rainy day, a new home or your child’s college education, we can help you set and meet your savings goals. At Highland Bank, we make it easy for you to keep more of your money.

Special Offer Just For Kids:

Teach your children good savings habits early. Available to clients 0-17(4) years of age. No minimum balance and no monthly service charge when you open a Statement Savings Account.

 

Premier Money Market Savings

A tiered money market account with competitive rates and minimum initial deposit of $10,000.

A tiered money market account with competitive rates and minimum initial deposit of $10,000.

  • $10,000 minimum opening deposit required
  • Interest compounded monthly. (1) Interest paid on tiered balances:
    • $0 – $9,999.99
    • $10,000 – $24,999.99
    • $25,000 – $49,999.99
    • $50,000 – $99,999.99
    • $100,000 – $249,999
    • $250,000+
  • Minimum daily available balance of $10,000 to avoid a $15 monthly service charge
  • Unlimited ATM, and in-person withdrawals (2)
  • $1 monthly fee for ATM card, without a Highland Bank checking account (3)
  • Use our financial tools to determine savings goals and plan your financial future

Money Market Savings

A popular savings account that earns interest with a minimum initial deposit of $1,000.

A popular savings account that earns interest with a minimum initial deposit of $1,000.

  • $1,000 minimum opening deposit required
  • No minimum daily available balance to earn interest (1)
  • Minimum available daily balance of $1,000 to avoid a $10 monthly service charge
  • Interest compounded monthly
  • 6 withdrawals per month, $5 each additional (2)
  • $1 monthly fee for ATM card, without a Highland Bank checking account (3)
  • Use our financial tools to determine savings goals and plan your financial future

Statement Savings

A flexible savings account that provides easy access to your money and earns interest.

A flexible savings account that provides easy access to your money and earns interest.

  • $200 minimum opening deposit required
  • No minimum daily available balance to earn interest (1)
  • Minimum available daily balance of $200 to avoid monthly service charge
  • Interest compounded quarterly
  • 6 withdrawals per month, $5 each additional (2)
  • $1 monthly fee for ATM card, without a Highland Bank checking account (3)
  • Use our financial tools to determine savings goals and plan your financial future

Basic Savings

Basic Savings account is a great first step towards growing your savings.

A Basic Savings account is a great first step towards growing your savings.

  • $50 minimum opening deposit required
  • $200 minimum daily available balance to earn interest (1)
  • $50 minimum average monthly available balance to avoid monthly service charge
  • Interest compounded annually
  • 3 withdrawals per month, $5 each additional (2)
  • Use our financial tools to determine savings goals and plan your financial future
  • ATM Card is not available

(Apply In-Branch only)

Premier Money Market Savings Money Market Savings Statement Savings Basic Savings
Minimum Opening Balance $10,000 $1,000 $200 $50
Earns Interest
Balance Requirement to Earn Interest None None None $200
Balance Requirement to Avoid Monthly Service Charge $10,000 $1,000 $200 $50
Monthly Service Charge $15 $10 $3 $3
Transaction Limitations (2) None 6 withdrawals per month; $5 each additional 6 withdrawals per month; $5 each additional 3 withdrawals per month; $5 each additional
Free eStatement
Free ATM Card (3) $1 monthly fee without Highland Bank checking account $1 monthly fee without Highland Bank checking account $1 monthly fee without Highland Bank checking account Not available
Free Online Banking
Free Mobile Banking

(1) The interest rate and annual percentage yield(APY) may change weekly at Bank’s discretion. Interest will be compounded and paid monthly. We use the average daily balance method to calculate interest on your account. This method applies a daily periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. Fees may reduce earnings.
(2) Federal Reserve Board Regulation D limits checks, telephone, online, overdraft and preauthorized transfers (including POS purchases and automatic transfers.) to six per statement period. Repeated excessive monthly withdrawals will lead to account closure.
(3) Foreign transaction fees and surcharges apply. Subject to approval.
(4) At age 18, the account is subject to the terms of a Statement Savings Account.

View Current Rates

View a chart comparing account options (PDF)

See how quickly your savings can add up! Open Financial Tools