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

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 account 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

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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