PERSONAL BANKING: SAVINGS OVERVIEW
Savings accounts are great tools to help you on your way to building your nest egg, to save for that college education, a wedding, vacation or whatever your hearts desire! And why not have a portion of your paycheck automatically deposited into one or more savings accounts? Pay yourself first with a savings account from Sauk Valley Bank.
Tiered Savings Account that is high interest bearing.
Minimum opening deposit of $2500$2500 minimum balance requirement to earn interest$1000 minimum balance requirement to avoid monthly maintenance fee of $5 if balance falls below $1000 any day of the monthCompetitive tiered interest rateUnlimited face to face withdrawalsInterest compounds monthly and credited monthlyNo penalty withdrawalsVariable interest rateMonthly statementsFree NetTellerFree E-statements$10.00 closing fee if account is closed within 6 months after opening account Reg. D limitations: for each calendar month and/or statement cycle, a maximum of six withdrawals or transfers can be made from this account, with only three of these being third party transactions (POS transactions, check card, checks). Six transaction limit includes phone transfers, online bill pay and electronic debits (ACH). Three transaction limit includes check and debit card transactions. Unlimited transactions include ATM and in person branch transactions.
Interest bearing savings account with low opening balance requirement
Minimum opening balance requirement of $50Minimum monthly balance requirement of $200$2 monthly service charge for balances that fall below $200 any day of the monthUnlimited over the counter withdrawalsInterest compounds daily and credited quarterlyVariable interest rateFree NetTeller availableQuarterly StatementsE-statements available$10.00 closing fee if account is closed within 6 months after opening accountReg. D limitations: for each calendar month and/or statement cycle, a maximum of six withdrawals or transfers can be made from this account, with only three of these being third party transactions (POS transactions, check card, checks). Six transaction limit includes phone transfers, online bill pay and electronic debits (ACH). Three transaction limit includes check and debit card transactions. Unlimited transactions include ATM and in person branch transactions.
Interest bearing account with no monthly balance requirement to encourage parents to help children begin saving at an early age.
Minimum opening balance requirement of $5No monthly service feesUnlimited over the counter withdrawalsInterest compounds daily and credits quarterlyVariable interest rateFree NetTellerQuarterly statementE-statements available$10.00 closing fee if account is closed within 6 months after opening accountReverts to regular savings account requirements when child turns age 18Reg. D limitations: for each calendar month and/or statement cycle, a maximum of six withdrawals or transfers can be made from this account, with only three of these being third party transactions (POS transactions, check card, checks). Six transaction limits includes phone transfers, online bill pay and electronic debits (ACH). Three transaction limit includes check and debit card transactions. Unlimited transactions include ATM and in person branch transactions.
Interest bearing savings account to help save for the holiday season.
$5 minimum deposit to open accountNo minimum balance requirementCheck for balance & interest mailed to customer around October 15th of each yearInterest compounds daily and credited annuallyVariable interest rateMay deposit as often as neededAccount is continuous and does not close after annual withdrawNo withdrawals aside from the scheduled withdrawal in OctoberFree NetTeller$10.00 closing fee if account is closed within 6 months after opening accountReg. D limitations: for each calendar month and/or statement cycle, a maximum of six withdrawals or transfers can be made from this account, with only three of these being third party transactions (POS transactions, check card, checks). Six transaction limit includes phone transfers, online bill pay and electronic debits (ACH). Three transaction limit includes check and debit card transactions. Unlimited transactions include ATM and in person branch transactions.
Help protect yourself and your family from rising healthcare costs and ensure a healthier future with the Health Savings Account from Sauk Valley Bank. If you have a High Deductible Health Plan, this account lets you set aside money, tax-free, to cover your medical expenses.
Benefits of a Health Savings Account:
Tax Deduction for ContributionsInterest earned is tax freeContributions remain in the account from year to year.You "don't lose it" if you "don't use it"It's portable and stays with the customer. Whether you change employers, relocate or retire.
This site is optimized for display on Handheld Devices. | Visit Our Flash Site.