Start Your Savings Journey
Developing a savings strategy is the foundation for any healthy money management plan. To save effectively, you need the right savings account that will allow you to meet your savings goals. Paper City Savings Bank offers several different savings account options ranging from traditional accounts to money market accounts that allow you to earn more with tiered interest rates. If you’re ready to choose a bank that will help you execute your savings strategy, apply for a new savings account online or call to schedule an appointment.
Compare Your Savings Account Options
Account | Choose this account if... | Initial Deposit Requirement | Fees | Benefits & Features |
|---|---|---|---|---|
Statement Savings | You’re looking for a traditional savings account. | $50.00 | $2.00 quarterly charge if balance falls below $50.00 | Monthly statements Free online & mobile banking Interest paid quarterly |
Money Market Account | You want an account that rewards you with tiered interest rates based on your balance. | $2,500.00 | $5.00 service charge if balance falls below $500.00 | Tiered interest according to balance Interest paid monthly Unlimited teller transactions Monthly statements 6 free, preauthorized transfers are allowed per month |
Premium Money Market Account | You want the advantages of a money market account but can maintain a higher minimum balance. | $50,000.00 | $10.00 monthly service charge if balance falls below $50,000.00. | Tiered interest according to balance Interest paid monthly Unlimited teller transactions Monthly statements 6 free, preauthorized transfers are allowed per month |
Kid$ Count Account | You are looking for an account to teach your child the value of saving money responsibly. | $10.00 | None | Your child receives a free gift when you open an account Your child can choose a birthday gift from an area business on their birthday |
Christmas Club Account | You want to save for holiday gift purchases all year long. | $10.00 | None | Interest compounded daily No withdrawals prior to November 1st Funds are dispersed on November 1st each year Automatic transfer to your checking or savings account |
Health Savings Account | You are enrolled in a High-Deductible Healthcare Plan and want an account to pay for qualified medical expenses. | None | None | You must be enrolled in a high-deductible healthcare plan to open this account Funds can be used for qualified medical expenses Funds roll over from year to year Balance earns interest Account comes with VISA® debit card |
