Personal
Savings
Southbridge Savings Bank offers a variety of savings accounts designed to meet the differing needs of our customers.
Key Rewards Saver
Key Statement Savings Account
Personal Money Market Account
Silver Key Savings Account
Gold Key Savings Account
Passbook Savings Account
Christmas Savings Plan
Specialty Savings Plan
CDs & IRAs
Moola Savings Account
> Deposit Rates
Key Rewards Saver
- Must be combined with Key Rewards Checking Account
- Earns bonus rates on qualifying accounts1
- Free telephone and internet banking
- $25.00 minimum to open
- Interest and ATM refunds automatically transfer from your Key Rewards Checking to your Key Saver each month
1 Must meet Key Rewards Checking account qualifications to receive Key Saver Bonus Rates. Qualifying transactions to receive higher rates: Receive Monthly Statement Electronically, 10 Debit Card Purchases during statement period, Automatic Withdrawal/Deposit or Electronic Payment. If you do not meet the requirements per qualification period, your account will still function as a free savings account. We may change the interest rate and APY at any time after the account is opened. No Minimum Balance Required. However you must deposit a minimum of $25 to open this account. Available to Personal Accounts only. No monthly service charge.
Key Statement Savings Account
Our Key Statement interest bearing savings account provides all standard banking services with no monthly fee required.
- No monthly service charge
- Earns interest when balance remains greater than $10.00*
- FREE telephone and internet banking
- FREE ATM card (must be linked to checking account for debit option)
- $10.00 minimum deposit required to open account
Personal Money Market Account
Looking for the advantages of a Money Market?
Our Personal Money Market Account combines convenience and value.
- Higher yielding interest1
- FREE ATM Card
- FREE internet banking
- Unlimited ATM withdrawals and transfers2
- Limit of 6 third party transactions (transfer and/or withdrawal) per monthly statement cycle. No more than 3 can be by check, draft or similar order.
- $25.00 minimum deposit required to open account
2Includes in person withdrawals, transfer to pay a Southbridge Savings Bank loan, transfer to another Southbridge Savings Bank deposit account, or withdrawal to you by mail, messenger, ATM, in person or by telephone.
Silver Key Savings Account
Our tiered interest bearing Silver Key Savings account combines all of today’s banking conveniences with a low balance requirement.
- Earns interest on balances of $50.00 or greater*
- FREE telephone and internet banking
- FREE ATM Card (must be linked to checking account for debit option)
- $50.00 minimum deposit required to open account
Gold Key Savings Account
For customers with combined checking and savings deposit balances of $25,000 or greater, we offer our interest bearing Gold Key Savings Account. This account provides relationship rewards and discounts to eligible customers.
- Earns interest on balances of $500.00 or greater*
- FREE telephone and internet banking
- FREE ATM (must be linked to checking account for debit option)
- Expanded VISA® Travel rewards
- 10% discount on safe deposit boxes
- FREE money orders
- FREE traveler checks for one
- FREE bank checks
- Loan Specials
- CD Specials
- FREE Overdraft Protection
- Personal Financial Consultant
- FREE Financial Newsletter
- $9.95 monthly maintenance service charge waived if average daily combined checking and savings balances remain over $24,999.99
- $100.00 minimum to open account
Passbook Savings Account
For those who prefer a traditional passbook account, this basic level savings account provides:
- No monthly service charge
- Interest bearing*
- FREE telephone and internet banking (inquiries only)
- $10.00 minimum deposit required to open account
Specialty Savings Plan
This interest earning specialty savings account can be set up for a specific purpose such as a vacation, new car, etc.
- Can be customized for any savings purpose
- Earns interest when balance remains greater than $25.00*
- Quarterly statements provided
- $25.00 minimum balance to maintain account
Christmas Savings Plan
This interest earning savings account is specifically designed to set aside money for the holidays.
- Earns interest if balance remains greater than $10.00*
- Check for account balance automatically mailed yearly in October
- Quarterly statements provided
CDs & IRAs
Certificates of Deposit
Certificates of Deposit, or CDs as they are commonly known, are available with terms ranging from 6 months to 60 months. The interest rate* is guaranteed for the term of the certificate.- Minimum deposit of $500 to open
- No monthly service charge
- Interest earned may be withdrawn at anytime without penalty
- At maturity, funds may be added, terms may be changed, and partial withdrawals are permitted
- Convenient passbook provides record of your transactions
- As with most CDs, there will be a penalty for early withdrawal
- FREE telephone & internet banking (inquiries only)
Individual Retirement Accounts
There are two IRA Plans to choose from: Traditional IRAs and Roth IRAs. Please contact your tax advisor to determine which plan is best for you.
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And, don't forget to visit SSB Investment Services+ for comprehensive, easy-to-understand information that will help you focus on the financial issues pertinent to your current circumstances. + Securities and Insurance offered through LPL Financial Products and its affiliates. Member FINRA/SIPC. Not FDIC insured. Not DIF insured. No bank guarantee. May lose value. |
IRA Certificates of Deposit
Features:- Available terms: 6 - 60 months
- Minimum deposit of $500 to open
- Guaranteed interest rate for the term of the certificate*
- Funds may be added at maturity
- As with most CDs, there will be a penalty for early withdrawal
- FREE telephone & internet banking (inquiries only)
*See rate schedule for current interest rate
Group Savings Accounts also available
And, enjoy the convenience of banking seven days a week at our many full service supermarket locations
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