Savings
Advantage Statement Savings
Health Savings
Advantage Christmas Club
Money Market Accounts
IRAs
Certificates of Deposit
Jumbo Certificates
CDARS®
Advantage Bank offers a wide variety of Savings accounts that will help you to reach your goals on your terms. Each account has its own unique features and benefits to fit your individual lifestyle and provides what you need when you need it. To learn more, contact us today or locate and visit the Advantage Bank office nearest you.
Advantage Statement Savings
- Minimum deposit to open $100
- Unlimited deposits and withdrawals
- Variable interest rate
- Interest paid quarterly on collected balance
- Quarterly statement; monthly statement when transactions occur
- Monthly maintenance fee waived when minimum balance requirement is met
- ATM access
- Online Banking access
- Current interest rates
Health Savings
A personal savings account for individuals with a high deductible health plan. The account is established for the purpose of saving money, tax-free, to pay qualified medical expenses.
- Tiered interest rate
- Interest paid quarterly on collected balance
- Monthly maintenance fee waived when minimum balance requirement is met
- Debit card access
- Online Banking access
- Current interest rates
Advantage Christmas Club
Dedicate this account for all that holiday spending.
- Variable interest rate
- Matures automatically October 15
- A deposit before the beginning of the year renews account
- Current interest rates
You'll receive a check in October, just in time for seasonal shopping!
Money Market Accounts
When you’re looking for a savings account with higher savings rates, but do not want to commit to a certificate of deposit, a money market account may fill the need. Money market accounts earn market rates that are usually higher than a typical savings account and you may make unlimited withdrawals in person. Additional funds may be added at any time so that you can make the most of your money. Advantage Bank offers two money market accounts for serious savers:
Advantage Gold Money Market
- Tiered interest rate
- Minimum to open $10,000
- Unlimited in-person withdrawals
- Unlimited additional deposits
- Allows 6 electronic transfers per statement cycle
- Interest paid monthly on collected balance
- Monthly maintenance fee of $10.00 per month waived with an Advantage Bank checking account
- Online Banking access
- Current interest rates
Advantage Premium Money Market
- Tiered interest rate
- Minimum to open $100
- No minimum balance
- Unlimited in-person withdrawals
- Unlimited additional deposits
- Interest paid monthly on collected balance
- Monthly maintenance fee of $20.00 per month waived with an Advantage Bank checking account OR if with direct deposit into the Premium Money Market account
- Online Banking access
- Current interest rates
Money Market accounts subject to Regulation D charges. Fees may reduce earnings.
IRAs
Individual Retirement Accounts (IRAs) are tax-deferred investment tools to help you save for your retirement. Future withdrawals are taxed as income, but because your income will probably be less in retirement, the tax rate will be lower. So save now during higher income years for retirement.
- Terms from 182 days to 5 years
- Current interest rates
Certificates of Deposit
Certificates of Deposit (CDs) are great tools for investing your cash. By depositing your funds at the bank for a predetermined time, you are able to establish a set rate of interest. With a variety of terms and rates, you have the flexibility to choose the CD that's right for you.
- Terms from 91 days to 5 years*
- Rate ManagerSM Certificate lets you change the rate when rates go up**
- Current interest rates
* Substantial penalty for early withdrawal
** One rate increase allowed during the term of this certificate
Jumbo Certificates
- Priced individually for amounts over $100,000.
- Call for more information
CDARS®
CDARS is the Certificate of Deposit Account Registry Service that provides full FDIC insurance on deposits larger than $250,000, the maximum amount allowed by law. There's no need to disburse your money among different financial institutions with Advantage Bank's CDARS.
- Up to $30 million in FDIC protection
- One interest rate and one statement - no managing multiple bank relationships
- Call for more information
Fee Schedule
Disclosures
Savings Calculator
Retirement Calculator
