Personal Savings Account Options

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. 

My Savings

Keep your everyday savings simple

Open an account today!
  • Earns interest on all balances
  • Free MoneyPass® ATM withdrawals1
  • $5 Monthly Maintenance Fee waived when a  $200 daily ledger balance is maintained
  • $1 Withdrawal Limit Fee will be charged for each withdrawal, transfer, and payment that exceeds 12 per calendar month2
Open an account today!

Penny's Savings Club

For young savers age 0-12

  • Earns interest on all balances
  • Fun savings club—ask your banker! 
  • Converts to Young Adult Savings at age 13

Young Adult Savings

For young adults age 13-23

  • Earns interest on all balances
  • Earn a PREMIUM interest rate on the first $2,500 balance when you have a checking account with us3
  • $1 Withdrawal Limit Fee charged for each withdrawal, transfer or 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

1If premium interest rate conditions are not met, and for balances over $10,000 when premium interest rate conditions are met, you will earn our Real Results Checking standard interest rate. 

2 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. 


3 The Young Adult must be the primary owner of the checking account. 

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Open a New Deposit Account

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The site you have selected is an external one located on another server. Frandsen Bank has no responsibility for any external website. It neither endorses the information, content, presentation, or accuracy, nor makes any warranties, express or implied, regarding the external site. Thank you for visiting Frandsen Bank.