Savings
Having a savings goal for large purchases, rainy day funds, vacations, or emergency expenses is important. We make it easy to save with a variety of savings accounts and online tools. All accounts come with these great features:
- Interest bearing
- Online Banking Access, with the exception of Christmas/Vacation Club Account
- eStatement or Paper Statements1
- 6 Withdrawals or Transfers per Statement Cycle, with the exception of Christmas/Vacation Club Account and all Certificate of Deposits/IRAs2
1Enrollment in Online Banking required for access to eStatements
2Excess activity fee of $7.50 will be assessed for each additional withdrawal or transfer over allotted limit. Refer to your account disclosure for additional information.
Smarter Saving Starts Here
Simple Savings
Our easiest savings option with a low minimum balance to open, perfect for any savings goals.
- $100 minimum to open
- $100 minimum balance requirement, or an aggregate balance of $5,000; if falls below $6 monthly service charge
Forcht Friend Savings
Ordinary savings account combined with extraordinary service.
- $500 minimum to open
- $500 minimum balance requirement, or an aggregate balance of $5,000; if falls below $5 monthly service charge
Performance Money Market
Earn more while building your nest egg. Earn more interest as your balance grows.
- $2,500 minimum to open
- $2,500 minimum balance requirement, or an aggregate balance of $5,000; if falls below $6 monthly service charge
Forcht Reserve Money Market
Tiered variable interest rate with our highest minimum balance required.
- $50,000 minimum to open
- $50,000 minimum balance requirement; if falls below $20 monthly service charge
Vacation/Christmas Clubs
Set a target and hit your savings goals with these club accounts.
- $50 minimum to open
- No minimum balance
- $10 penalty for early withdrawal
Certificate of Deposit/IRA
Fixed rates at fixed terms for a strong savings plan.
- $1,000 minimum to open
Savings Accounts Rates
*Effective as of 2/21/2024
| Account | Min. Balance to Obtain APY1 | Interest Rate | APY2 |
|---|---|---|---|
| Simple Savings | Any | 0.05% | 0.05% |
| Forcht Friend Savings | up to $9,999.99 | 0.05% | 0.05% |
| $10,000.00 & up | 0.10% | 0.10% | |
| Performance Money Market | up to $9,999.99 | 0.05% | 0.05% |
| $10,000.00 - $49,999.99 | 0.10% | 0.10% | |
| $50,000.00 - $99,999.99 | 0.10% | 0.10% | |
| $100,000.00 & up | 0.15% | 0.15% | |
| Forcht Reserve Money Market | up to $49,999.99 | 0.15% | 0.15% |
| $50,000 to $99,999.99 | 1.00% | 1.00% | |
| $100,000 - $249,999.99 | 1.25% | 1.26% | |
| > $250,000 | 1.50% | 1.51% | |
| Platinum Business Money Market | up to $99,999.99 | 0.15% | 0.15% |
| $100,000 - $249,999.99 | 1.25% | 1.26% | |
| $250,000 - $499,999.99 | 1.50% | 1.51% | |
| > $500,000 | 1.75% | 1.76% |
2The interest rate and Annual Percentage Yield (APY) may be subject to change after account opening.
Informational Purposes Only. Review your disclosures provided at account opening for information related to your specific account.
