Deposit Products

For current rate information please contact us

PrinsBank offers different kinds of checking accounts to fit your needs:

PrinsBank’s savings accounts are variable-rate interest-bearing accounts:

Other Deposit Products:


Checking Accounts--Features and Benefits

Checking Plus-top of page
It’s hard to beat this great account!

  • No minimum balance required
  • No monthly service charges
  • Canceled checks are safe-kept for you
  • Overdraft protection is available
  • Free Instant Cash & Check card available

Value Checking - top of page
If you want a basic checking account and like to have images
of your checks returned to you, this is the right account for you.

  • $100 minimum balance
  • $5 monthly service charge/maintenance fee if your balance drops below minimum balance
  • Overdraft protection is available
  • Free Instant Cash & Check card available

NOW Checking - top of page
If you can maintain a $1,000 or higher balance in a checking account, let it earn interest with our NOW Checking Account.

  • $1,000 minimum balance
  • $8.50 monthly service charge/maintenance fee if balance drops below minimum balance
  • Variable interest rate that may change daily
  • Interest accrues daily and will be compounded and credited on a monthly basis
  • Overdraft protection is available
  • Free Instant Cash & Check card available

HSA Checking - top of page
PrinsBank’s HSA is an interest-bearing account designed to give you more control over healthcare expenses—allowing you to save for current and future qualified medical expenses. You will need to have a qualified High Deductible Healthcare Plan to open this tax–exempt account.

Features and Benefits:

  • Interest earned on an HSA is tax-free
  • Withdrawals for qualified medical expenses are tax-exempt
  • HSA funds will not be lost if not used. Funds are rolled over from year to year
  • HSA funds will not be lost if you change employers or healthcare plans
  • Tiered interest rates earn you higher rate for higher balances
  • No minimum balance to open an account
  • Low monthly plan fee

Consult your tax advisor, employer or insurance provider regarding healthcare plan eligibility and tax advice.

To learn more about HSAs, including Frequently Asked Questions, visit the official U.S. Treasury HSA web site at www.ustreas.gov/offices/public-affairs/hsa/.


Savings Accounts--Features and Benefits

Piggy Bank Passbook Savings - top of page
Learning to save should start at an early age. That’s why PrinsBank developed a special savings account just for kids. It’s important to teach kids the value of money and make saving fun!

  • Free piggy bank for children age 10 and under with a $20.00 opening deposit
  • No minimum balance requirements
  • Variable interest rate that may change daily
  • Interest accrues daily and will be compounded and credited on a quarterly basis
  • Quarterly Statement
  • Parent or Grandparent required as signor on account
  • Withdrawal limits
  • Automatically transfers to our Traditional Passbook Savings at age 21

Traditional Passbook Savings - top of page
The traditional savings account with all the benefits you’ve come to expect. It’s the convenient way to save for all your future needs.

  • $100 minimum balance to avoid a $3 quarterly service charge/maintenance fee
  • Variable interest rate that may change daily
  • Interest accrues daily and will be compounded and credited on a quarterly basis
  • Quarterly Statement
  • EFT Statements provided monthly
  • Withdrawal limits

Money Market Savings - top of page
The tiered Money Market Account puts your money to work. The more you save, the more you earn.

  • $2,500 minimum balance to avoid a $15 monthly service charge/maintenance fee
  • Multi-tiered variable interest rates that may change daily
  • Interest accrues daily and will be compounded and credited on a monthly basis
  • Monthly Statements
  • Minimum withdrawal amount
  • Transfers to another account or third parties by pre-authorized automatic transfer, telephone, or internet transfer are limited to 6 transfers per four week period or monthly statement cycle.

Certificates of Deposits - top of page
Certificates of Deposit are one of the most widely held bank investments. They are flexible, safe, insured investments that let you adapt to changing economic times without loss of your capital investment. If you are interested in a truly worry-free investment, look no further that a CD from PrinsBank.

  • FDIC Insured
  • Different maturity terms to meet your future needs
  • $1,000 minimum deposit on all terms
  • Penalty for early withdrawal
  • Interest rate is fixed and will not change during the term of your investment
  • Interest will accrue daily and be compounded and credited to your account per the contract terms (monthly, quarterly, semi-annually, etc). We use the simple interest method for compounding.
  • You may elect to have your interest credited to another deposit account at PrinsBank or paid by check.

Individual Retirement Accounts - top of page
An IRA is an excellent tool for retirement savings. Unlike most investments, depending on the type of IRA you choose, contributions may be tax deductible and will grow either tax-deferred or tax-free.

A Coverdell Education Savings Account (ESA) is a great way for parents, grandparents and others to help meet the rising costs of a student’s education.

PrinsBank offers several different plan types.

  • Traditional IRA
  • Roth IRA
  • Education Savings Account (formally Education IRA)

IRA’s are still one of the easiest and simplest ways to save for your retirement.
Contact a representative to see which plan is right for you.