Personal Savings

Traditional Savings

Savings accounts are a safe way to store and grow your money! They are also perfect for accumulating funds for later, transferring to larger, longer-term investments.

Savings accounts have a $4.00 monthly service charge. That fee is waived if the account owner is less than 25 years of age, 65 years or older, or if the account maintains a minimum balance of $300 during the entire month.

  • Statements are issued quarterly
  • Statements may be received monthly when combined to your Checking Account statement
  • You may receive your statements even more securely through Digital Banking
  • Interest is accrued on the Daily Collected Balance
  • Rates subject to change weekly - Check Current Rates

Open a Child Saver Account - IUTMA
A Child Saver account is an account that is set up by a parent or guardian for the benefit of a child. Accounts can be set up solely in the name of the child. Child Saver accounts are generally used to save for the benefit of a child (i.e. future education costs), often provide instant access and pay competitive interest.

Automatic Transfers
Finding it hard to put a little aside to save? Set up an automatic transfer - So simple and so much to gain. Set up an automatic transfer to savings today - Login to Digital Banking and Click Transfers.

Transaction Fees

Debits are limited to 6 per month

Federal Reg D Transaction Classifications
  • Unlimited transactions include:
    • Visiting the bank to withdraw money from this account
    • Transactions sent by mail, Express Drop, or Night Drop with an original signature
    • Withdraw money from this account using your ATM card
    • Transfers made to your Alliance Bank Loan(s)
  • Limited transactions include – 6 allowed per month*
    • Transfers made using Digital Banking
    • Transfers made using our Access Line Telephone Banking
    • Automatic Transfers used to cover insufficient funds
    • Transfers made by an Alliance Bank employee on your behalf
    • Pre-authorized, automatic, scheduled, or recurring transfers
*An Excess Activity Fee of $5.00 will be charged for each transaction that exceeds the limit. After three (3) violations, the regulation mandates the account be closed.

Endurance Club Savings

Easily accumulate funds every year for a specific purpose - and it doesn't have to be just for Christmas! A down payment on a house, a new car, a dream vacation, a wedding or a college education. Whatever you are saving for, an Alliance Bank Club Savings Account is a convenient way to make sure the job gets done.

You set how much and how often you can save! And it's FREE!

The account is funded through automatic transfers from your Alliance Bank checking account. You choose the monthly, bi-weekly, or weekly transfer amount and date(s). There's no limit on the number of transfers you set up per month and there's no minimum monthly transfer amount required.

Principal and Interest are paid out annually into your existing Alliance Bank checking account. This account does not close; transfers continue until you let us know you no longer need or want the transfers to take place.

Savers have used this account for Christmas, a vacation, even escrowing for taxes and insurance.

You can watch your savings grow, even alert yourself when a transfer has taken place, all with Digital Banking.

  • Statements are combined to your Checking Account statement and received monthly
  • You may receive your statements even more securely through Digital Banking
  • Interest accrued on Daily Ledger Balance
  • Penalty for early withdrawal is any accrued interest
  • Rates subject to change weekly - Check Current Rates

Money Market

Our Personal Money Market Savings Account offers a competitive rate, plus the liquidity, flexibility and accessibility of a checking account.

Tiered-Interest Bearing Account - The more you save, the more you earn!
  • 0 - $ 999.99
  • $1000 - $ 9,999.99
  • $10,000 - $24,999.99
  • $25,000 - $49,999.99
  • $50,000 - $99,999.99
  • $100,000+
Rates subject to change weekly - Check Current Rates

  • The account includes Free Money Market checks (40 per order)
  • You can check activity, balances, transfer funds and access your statements with Free Digital Banking
  • Statements are issued monthly
  • $6.00 Monthly fee waived if the account maintains a balance of $1,000 or more throughout statement cycle
  • Interest accrues on the Daily Collected Balance and posts monthly

Transaction Fees

Debits are limited to 6 per month

Federal Reg D Transaction Classifications
  • Unlimited transactions include:
    • Visiting the bank to withdraw money from this account
    • Transactions sent by mail, Express Drop, or Night Drop with an original signature
    • Withdraw money from this account using your ATM card
    • Transfers made to your Alliance Bank Loan(s)
  • Limited transactions include – 6 allowed per month*
    • Transfers made using Digital Banking
    • Transfers made using our Access Line Telephone Banking
    • Automatic Transfers used to cover insufficient funds
    • Transfers made by an Alliance Bank employee on your behalf
    • Pre-authorized, automatic, scheduled, or recurring transfers
*An Excess Activity Fee of $5.00 will be charged for each transaction that exceeds the limit. After three (3) violations, the regulation mandates the account be closed.

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