Save for the Future  

Whether for a rainy day, a special purchase, or future planning, our savings options help you grow your funds effortlessly. Open your account today and start working toward your financial goals.  

My Savings

Consistently save with flexibility to use your money when you need it.

Open an account today!
  • Earns interest on all balances 
  • A $5 monthly Maintenance Fee is waived when a $200 average monthly ledger balance is maintained 
  • A $1 Withdrawal Limit Fee will be charged for each withdrawal, transfer, and payment that exceeds 12 per calendar month.4
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

Increase your earnings with interest on all balances.

  • Earn a premium interest rate on the first $2,500 balance5
  • $1 Withdrawal Limit Fee charges for each withdrawal, transfer, or payment that exceeds 12 per calendar month6
  • Converts to My Savings at age 23 

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

1Each calendar month, you may make 12 withdrawals, transfers, and payments by any means. A withdrawal, transfer, or payment is counted on the date it is posted to your account, which may be different from the date you make, authorize, transfer, or write the transaction. 

2The Young Adult must be the primary owner of the checking account.

3Each calendar month, you may make 12 withdrawals, transfers, and payments by any means. A withdrawal, transfer, or payment is counted on the date it is posted to your account, which may be different from the date you make, authorize, transfer, or write the transaction.

4Each calendar month, you may make 12 withdrawals, transfers, and payments by any means. A withdrawal, transfer, or payment is counted on the date it posts to your account, which may be different from the date you make, authorize, transfer, or write that transaction.

5For balances over $2,500, you will earn a standard interest rate.

6 Each calendar month, you may make 12 withdrawals, transfers, and payments by any means. A withdrawal, transfer, or payment is counted on the date it is posted to your account, which may be different from the date you make, authorize, transfer, or write the transaction.

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Open a New Deposit Account

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Thank you for banking with Frandsen Bank & Trust!

You are about to leave the Frandsen Bank Website.

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.