Personal Banking

Savings




Choose from one of three savings accounts to meet your needs.

Personal Savings Accounts*

The greater your balance, the greater your reward. Earn higher interest with higher monthly balances with a SpiritBank Personal Savings account.

  • Tiered interest paid quarterly on average collected balance
  • A $2.00 charge and no interest paid if average collected balance falls below $100—transactions are limited to six per statement cycle
  • $1.00 charge per withdrawal over six per quarter
  • $100 minimum balance

*Transaction limitations apply in accordance with federal regulations. Federal regulations limit the number of withdrawals or transfers to six per month from any savings or money market account. Limited transactions include the following: checks, debit card purchase transactions, preauthorized payments to any third party, wires or funds transfers, Overdraft Protect transfers, online payments and telephone transfers. Federal regulations also require financial institutions to monitor these transaction types on savings and money market accounts, and convert these accounts to an unlimited transaction account (i.e., checking account) when the number of transactions exceed the limit of six per month three times during a 12 month period. The following withdrawals or transfers are not limited on a savings or money market account: transactions made in person at a SpirtBank branch, at a SpiritBank ATM or sent to SpiritBank by mail.

Fees may reduce earnings.

Open Account

Minor Savings Accounts*

Teach your children the importance of saving money.

  • No minimum opening deposit
  • Transactions are limited to six per statement cycle
  • $1.00 charge per withdrawal over six per quarter
  • Interest paid quarterly at an adjustable rate

*Transaction limitations apply in accordance with federal regulations. Federal regulations limit the number of withdrawals or transfers to six per month from any savings or money market account. Limited transactions include the following: checks, debit card purchase transactions, preauthorized payments to any third party, wires or funds transfers, Overdraft Protect transfers, online payments and telephone transfers. Federal regulations also require financial institutions to monitor these transaction types on savings and money market accounts, and convert these accounts to an unlimited transaction account (i.e., checking account) when the number of transactions exceed the limit of six per month three times during a 12 month period. The following withdrawals or transfers are not limited on a savings or money market account: transactions made in person at a SpirtBank branch, at a SpiritBank ATM or sent to SpiritBank by mail.

Fees may reduce earnings.

Locations

Health Savings Now Account (HSA)

In 2003, the Health Savings Account (HSA) was born when the Medicare Prescription Drug, Improvement and Modernization Act was signed into law by President Bush.

This type of health care involves patients who have a high-deductible health insurance policy and an HSA. The idea behind it is that you pay for your own routine health care expenses with funds you’ve accrued in your HSA. Meanwhile, the high-deductible health insurance policy is used as more of a safety net—it protects you from any catastrophic medical expenses. These types of insurance policies tend to have a dramatically lower monthly premium than low-deductible health insurance plans do.

How much money can a person put in? Please consult the IRS website for annual contributions at irs.gov.

How much will early withdrawal cost? All withdrawals are subject to income tax. There is also additional taxation for early withdrawal if you take out money for something besides medical expenses.

  • Interest is paid at rate adjusted by bank on average collected balance
  • Unlimited check writing
  • Minimum opening balance of $1,500
  • $15 annual check card fee
  • No interest paid if balance falls below $1,500

See if you are eligible

Locations