• Checking Plus
• Value Checking
• NOW Checking
• HSA Checking
PrinsBank’s savings accounts are variable-rate interest-bearing accounts:
• Piggy Bank Passbook Savings
• Traditional Passbook Savings
• Money Market Savings
Other Deposit Products:
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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 your canceled checks returned to you, this is the right account for you.
• $100 minimum balance
• $5 monthly service/base charge 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/base charge if balance drops below minimum balance
• Variable interest rate that may change daily
• Interest accrues daily and credited on a monthly basis
• Overdraft protection is available
• Free Instant Cash & Check card available
HSA Checking - top of page
Talk to a Health Savings Account Representative today!
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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 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/base charge
• Variable interest rate that may change daily
• Interest accrues daily 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/base charge
• Multi-tiered variable interest rates that may change daily
• Interest accrues daily and credited on a monthly basis
• Monthly Statements
• Unlimited deposits and six preauthorized debits (only three by check) at no charge
• Minimum withdrawal amount
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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 the 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 credited to your account quarterly or semi-annually
• You may elect to have your interest credited to another deposit account at the 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.
