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

  • 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

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

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.

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