Start to Save Your Way
There is no right way or wrong way to save money. The important thing is that you have an account that allows you to save your way. At Austin Bank, we do not believe in one-size-fits-all approach to saving. That is why we give you a variety of choices when it comes to savings accounts. From basic accounts for children to more advanced options that give you access to your savings, we are here to help you choose the right account. You can start the process of opening an account online today - see chart below. Select accounts available to open online or for help with additional accounts, please visit your nearest office.
Compare Our Savings Account Options
Savings accounts offer the following features:
- Transfer funds between Austin Bank accounts online via Online Banking, Mobile banking or 24-hour Bank-by-Phone
- Free Online Banking
- Free eStatements
- Free Combined Statements
- Free Bank-by-Phone at 888-758-BANK
- Unlimited ATM withdrawals when linked to a debit card for your Austin Bank checking account
- Money Market accounts are eligible for a Free Austin ATM and Debit Card
Savings Account | Young Savers Account | Money Market Account | Health Savings Account | |
|---|---|---|---|---|
| What kind of account would you like? | Regular savings that is flexible and secure | The perfect account for minors under the age of 18 to start a savings plan | Market rates, with interest paid on every dollar - plus convenient access to your funds | Set aside funds exclusively for the purpose of paying qualified medical expenses |
| Minimum opening balance | $100 | $50 or $10 with family relationship | $2,500 | $100 |
| Monthly fee | $3 | None | $10 | $5 |
| Minimum monthly balance requirements | With a minimum balance of $200 we will waive the monthly service charge. | None | With a minimum daily balance of $2,500 we will waive the monthly service charge. | With a minimum monthly balance of $200 we will waive the monthly service charge |
| Withdrawal limitations | Up to 6 withdrawals (includes transfer) FREE in each monthly statement cycle. Additional monthly withdrawals are $3 each. | Up to 6 withdrawals (includes transfer) FREE in each monthly statement cycle. Additional monthly withdrawals are $3 each per statement cycle. | Up to 6 checks (includes transfers) FREE in each statement cycle. Excess check fee of $15 for each withdrawal after the sixth check per monthly statement cycle. | |
| Interest Paid | Interest accrues daily and is paid monthly | Interest accrues daily and is paid monthly | Tiers: < $2,499 no interest paid $2,500 and above accrues on daily balances and pays monthly *Interest rate determined by account balance | Interest accrues daily on the actual collected balance of $1,500 or above and is paid monthly |
| ATM/Debit Card Access | ||||
| Online and Mobile Banking Available | ||||
| Custom Account Benefits | You must be enrolled in a High Deductible Health Plan to be eligible for a Health Savings Account. $15 one-time account set up fee. |
* Charges from Fee Schedule for Miscellaneous Services apply to all savings accounts.