Personal Savings Accounts

Savings accounts from Frandsen Bank & Trust offer many ways to reach your financial goals – whether they include a major purchase, that long-anticipated vacation or a rainy-day fund. Not sure where to begin? Here’s an overview.

My Savings

Our most popular savings account.

Earns interest on all balances
Free MoneyPass ATM withdrawals¹
$5 monthly maintenance fee waived with $200 daily ledger balance
$1 Withdrawal Limit Fee will be charged for each withdrawal, transfer, and payment that exceeds 12 per calendar month²

Penny's Savings Club

For young savers age 0-14

Earns interest on all balances
No minimum balance requirement
Visit your local Frandsen office for details on local club activities that may include prizes, fun events, and contests
Converts to Young Adult Savings Club at age 15

Young Adult Savings

For young adults age 15-23.

Earns interest on all balances
No minimum balance requirement
Earn a premium interest rate on first $2,500 balance when you have a My Checking account³
Free MoneyPass ATM withdrawals¹
$1 Withdrawal Limit Fee will be charged for each withdrawal, transfer, and payment that exceeds 12 per calendar month²
Converts to My Savings at age 24

Certificates of Deposit

A termed low-risk investment option

Earns interest
Terms from 3 to 60 months
$2,500 minimum opening balance
Early withdrawal penalty may apply

IRA Savings

Individual Retirement Account option

Earns interest on a tiered basis
$100 minimum opening balance
Plan fees may apply

IRA CDS

A termed low-risk IRA investment option

Earns interest
Terms from 3 to 60 months
$2,500 minimum opening balance
Plan fees and early withdrawal penalties may apply

Account	Highlights	Service Charge
Statement Savings	Unlimited in-person transactions $100 minimum opening deposit Earns interest Withdrawl limitations apply per federal regulation^*	A $3 Maintenance Fee will be imposed every month if account falls below $200 on any day during the calendar month. This fee is waived if you are under 18 years of age.
Health Savings Account	Available to individuals covered by a high deductible health plan (HDHP) Unlimited transactions Earns interest on a tiered basis $100 minimum opening balance	A $2 Maintenance Fee will be imposed every month if account falls below $1,000 on any day during the statement cycle. $20 set-up fee.
Money Market Savings	$2,500 minimum-balance required (and minimum opening balance) Unlimited in-person transactions Earns interest on a tiered basis Withdrawal limitations apply per federal regulation^*	A $10 Maintenance Fee will be imposed every month if account falls below $2,500 on any day during the statement cycle.

* During any calendar month, you may not make more than 6 withdrawals or transfers to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order.

¹ A $2 withdrawal fee will be assessed on all non-MoneyPass ATM withdrawals. In addition, non-MoneyPass ATM operators may assess a surcharge fee.
² Each calendar month you may make 12 withdrawals, transfers, and payments by any means. A withdrawal, transfer, or payment is counted the date it posts to your account, which may be different from the date you make, authorize, transfer, or write the transaction.
³ If premium interest rate conditions are not met, and for balances over $2,500 when premium interest rate conditions are met, you will earn our My Savings standard interest rate.

Deposit Accounts

Checking

Switch to Frandsen

Savings

CDs and IRAs

Health Savings

ID Protection

Overdraft Protection