Home Savings Bank offers savings accounts with statements. You can open a savings account with as little as $200.00.
Set up your Statement Savings account today and take advantage of these great features:
- Interest will be compounded and credited to your account quarterly
- No monthly maintenance charge with a minimum $200.00 daily balance 1
- Unlimited in-house withdrawals and deposits 2
Contact Home Savings Bank to learn more.
Effective July 1, 2020, Home Savings Bank suspended Reg D enforcement of the six-transfer limit to allow customers convenient transfers and withdrawals from their savings deposits (including money market deposits) to support COVID-19 relief. This decision aligns with the Federal Reserve Board’s interim final rule announced on May 1, 2020, amending Regulation D (Reserve Requirement of Depository Institutions). The change will remain in effect until further notice.
¹ A service charge of $2 per statement cycle and a withdrawal charge of $.25 per debit transaction will be assessed if the minimum balance falls below $200.00. Individuals under 18 years of age are exempt from these activity charges.
º Withdrawals not allowed if it would bring account balance below $10.00.