Earn up to 25x the National Average Savings Rate1

Simply Savings, offering you easy access to your money. No hoops to jump through, no locked in terms. Just deposit your money and start earning today, with a great rate that you can't afford to miss!


What to consider when choosing a high yield savings account

Annual Percentage Yield

Minimum Deposit Required

Minimum Balance Required

Withdrawal Options

Best Uses for a High-Yield Savings Account

What You Need to Know

$100 Minimum Opening Deposit

6 withdrawals per statement cycle without a service charge**

Only one (1) Simply Savings account is permitted per primary Tax ID/Social Security Number

FDIC Insured

No monthly fees on Balances over $100 (Transaction limit fees may still apply. See “Disclosures” section below for details)

 Simply Savings Split Balance Tiers

  Tier Simple Interest Rate APY (Annual Percentage Yield) Range
1 Up to $500.00 2.50% 2.53%
2 $500.01 - $25,000.00 2.50% 2.53%
3 $25,000.01 - $50,000.00 0.50% 2.53 to 1.51%
4 $50,000.01 - $100,000.00 0.75% 1.51 to 1.13%
5 $100,000.01 - $200,000.00 1.00% 1.13 to 1.07%
6 $200,000.01 - $1,000,000.00 1.00% 1.07 to 1.02%

Rates valid as of December 2, 2019


You deposit $1,000 into a Simply Savings, you earn 2.50% interest on all of your funds, so your APY interest rate on your statement will show as 2.53%.

You deposit $30,000 into a Simply Savings account you will earn 2.50% interest on the first $25,000. You will then earn 0.50% on the other $5,000 that you deposited. Therefore, when you see the APY interest rate on your statement, it will show as 2.17%.

You deposit $90,000 into a Simply Savings. You will earn 2.50% interest on the first $25,000; 0.50% on the next $25,000; 0.75% on the final $40,000. Therefore when you see the APY interest rate on your statement, it will show as 1.17%.





1 - Earn up to 25x the National Average savings rate on your first $25,000.00.

*APY is Annual Percentage Yield. Rate is subject to change after the account is opened.  A $2.00 Low Balance Service Fee is charged when the Average Available (collected) Balance (AAB)** is below $100.00 for the statement cycle. The interest for this account is based on variable rates for each “Split Balance” tier. Interest will be paid on a Split Balance rate calculation method: When split balance rates are used, the portion of an account’s (Average Available (Collected) Balance (AAB) which is less than or equal to the first split balance amount earns interest at the first rate tier, and so on up to a maximum of six split balance amounts and six split rate tiers (shown above “Simply Savings Split Balance Tiers"). The interest rate and overall Annual Percentage Yield (APY) will depend upon the (AAB) in the account according to the rate tier applied to each portion of the account balance. Fees assessed may reduce earnings on the account.

**All Simply Savings accounts will incur a $2.00 charge per withdrawal/debit over 6 per statement cycle.

**The (AAB) is calculated by adding the available principal balance in the account for each day of the period and dividing that figure by the number of days in the period. The available balance is the account balance, less unpaid deposited items drawn on other financial institutions in the process of collection. Please E-mail us or contact a Personal Banker at one of our branches for current rate information.

Important Information about Procedures for Opening a New Account: To help the government fight the funding of terrorism and money laundering activities, Federal Law requires all financial institutions to obtain, verify, and record information that identifies each person or business that opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that allows us to identify you. We may also ask to see your driver's license or other identifying documents.

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