Savings accounts are a safe way to store and grow your money!
Also perfect for accumulating funds
for later transferring to larger, longer-term investments.
Savings accounts are Free if the account owner is age 24 and younger, age 64 years plus, or if the account has a balance of $300 or more; otherwise, savings accounts are $3.00 per month. Statements are issued Quarterly. Statements may be obtained monthly when combined to your Checking Account statement. You may obtain your statements even more securely with Online Banking. Interest is accrued on the Daily Collected Balance.
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.
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 Online Banking and Click Transfers.
Debits are limited to 6 per month
Federal Reg D Transaction Classifications
Unlimited transactions include: Visiting the bank to withdraw money from this accountTransactions sent by mail, Express Drop, or Night Drop with an original signatureWithdraw money from this account using your ATM cardTransfers made to your Alliance Bank Loan(s)
Limited transactions include – 6 allowed per month* Transfers made using Online BankingTransfers made using our Access Line Telephone BankingAutomatic Transfers used to cover insufficient fundsTransfers made by an Alliance Bank employee on your behalfPre-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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