Savings
Reach your financial goals with a savings account that gives back. Earn variable interest on your money with free online banking and the flexibility to withdraw and transfer between accounts.
We have a variety of options to suit your needs.
All personal savings and money market accounts include:
- FREE ATM Cards
- FREE Online Banking and Bill Pay
- FREE eStatements and Combined Monthly Statements
- FREE Mobile Banking with Mobile Deposit
- FREE ATM Transactions at all 37,000 MoneyPass ATM Locations
We help you every step of the way to choose the best account.
Compare Personal Savings Accounts
We offer a variety of personal savings options to fit with your lifestyle and needs.
Personal Savings Options
| Account Type |
Minimum Balance to obtain APY
*To Avoid Fees
|
Maintenance Fees | Interest Bearing | Withdrawals |
|---|---|---|---|---|
| STATEMENT Savings | $100 daily ledger balance | $2.00 monthly if the minimum balance is not maintained | Earns daily interest paid quarterly | Unlimited withdrawals. |
| MONEY MARKET Savings | $2,500 daily ledger balance | $20.00 monthly if the minimum balance is not maintained | Earns daily interest paid monthly | Six free withdrawals per month. $2.00 each thereafter. |
| HIGH YIELD MONEY MARKET Savings | $25,000 daily ledger balance. Must have a checking account at RiverWood Bank | $30.00 monthly if the minimum balance is not maintained | Earns daily interest paid monthly | Six free withdrawals per month. $2.00 each thereafter. |
| HEALTH SAVINGS ACCOUNT | $500 minimum ledger balance | $2.00 monthly if the minimum balance is not maintained | Earns daily interest paid monthly | Unlimited check writing. |
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Statement Savings
Our Statement Savings account is perfect for those who need a more flexible savings account while still earning money. This option allows for unlimited withdrawals and a lower daily balance.
- Earns daily interest, paid quarterly (contact a banker for rates)
- $50 minimum opening deposit
- $100 daily ledger balance required
- $2.00 monthly if the minimum balance is not maintained
- Competitive rates are paid on the daily collected balance
- Quarterly statements or monthly with combined statement
- Withdrawals or transfers available in person, at an ATM, through RiverWood Bankline, Online Banking, or an electronic (ACH) transaction
- ATM Card available
Money Market Savings
Earn higher interest without limited access to your money. Our Money Market savings account allows you to earn more interest while still being able to withdraw and transfer money monthly.
- Earns daily interest, paid monthly (contact a banker for rates)
- $2,500 minimum daily ledger balance required
- $20 monthly if the minimum balance is not maintained
- Competitive, tiered rates paid on daily collected balance
- Monthly statements. Combined statements available
- Withdrawals or transfers available by check, in person, at an ATM, through RiverWood Bankline, Online Banking, or an electronic (ACH) transaction1
- Six free withdrawals per account cycle, then $2.00 each thereafter
High Yield Money Market Savings
Our High Yield Money Market Savings allows you to generate higher interest on a larger opening balance.
- Earns daily interest, paid monthly (contact a banker for rates)
- $25,000 minimum daily ledger balance required
- $30 monthly if the minimum balance is not maintained
- Monthly statements. Combined statements available.
- Withdrawals or transfers available by check, in person, at an ATM, through RiverWood Bankline, Online Banking, or an electronic (ACH) transaction1
- Six free withdrawals per account cycle, then $2.00 each thereafter
- Must have a RiverWood Bank checking account to qualify
Health Savings Account (HSA)
Our Health Savings Accounts function like a checking account but earn interest like a savings account. You’ll have access to your money as needed to use for medical bills and other qualified medical expenses.
- Earns daily interest, paid monthly (contact a banker for rates)
- $500 minimum daily ledger balance required
- $2.00 monthly if the minimum balance is not maintained
- Monthly statement with free check safekeeping
- Unlimited check writing
- Need to have a High Deductible Health Plan (HDHP), not enrolled in Medicare, and not claimed as a dependent to qualify. You can find more information about qualification requirements on the HealthCare.gov website.
- Required minimum balance and monthly service charge do not apply for Employer-Sponsored Plans with RiverWood Bank. See a banker for details.
Additional Benefits
- Competitive, tiered rates paid on daily collected balances
- Required minimum balance and monthly service charge do not apply for Employer-Sponsored Plans with RiverWood Bank. See a banker for details.
Home Equity Loans
Leverage your home's equity to achieve whatever your goals may be.
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