savings

From simple to sophisticated savings instruments, there’s an account that’s sure to fit you.

Eagle savings account
Our competitive rate makes saving easy.

  • No quarterly service charge with a minimum daily balance of $300 or combined account statements
  • Competitive interest rate
  • Access to cash in person or at an ATM

Swift! savings account
Learning to save at an early age is important.

  • Earns interest
  • No minimum balance/no fees for children under 18

Holiday Savers account
We’ll help you save for holiday expenses.

  • Make deposits in any amount or set up an automatic transfer!*
  • Competitive interest rate
  • Checks mailed or deposited in October, just in time for holiday shopping

Money market account
The more you save, the more you earn.

  • Tiered interest rate, based on account balance
  • Unlimited deposits and withdrawals in person
  • Limited check writing privileges
  • A monthly maintenance fee is assessed only if balance falls below $1,000

Excel money market
Rates are adjusted weekly and vary according to balance.

  • Tiered interest rate, based on account balance
  • Unlimited deposits and withdrawals in person
  • Limited check writing privileges
  • A monthly maintenance fee is assessed only if balance falls below $10,000

Certificate of deposit (CD)
We offer a variety of rates and terms on CDs.

  • Invest your money for a length of time that is appropriate for you
  • Interest rate is guaranteed for the term of your certificate
  • A CD can be opened with just $500

Individual retirement account (IRA)
Start planning for your retirement today.

  • Traditional and Roth IRAs (fixed or contributory)
  • The interest you earn may be tax deferred**
  • Your contribution may be tax deductible**
  • Choose your own investment and term

Education savings account
A Coverdell Education Savings account can help you pay for your child’s education.

  • Allows total after-tax contributions of $2,000 per year for each child under 18**
  • Contributions and subsequent earnings are tax free when withdrawn to pay for qualified education expenses**
  • Qualified expenses include tuition, fees, books, supplies and equipment for students in grades K-12 and college

Health savings account (HSA)
A health savings account (HSA) is a special account owned by an individual like an individual retirement account (IRA) except that the funds are used to pay for current and future health care costs on a tax-free** basis. The HSA is used in combination with a high deductible health insurance plan (HDHP).

  • Interest-bearing account
  • Funds are permanent and portable
  • Debit card allows for convenient access to funds
  • If your HSA balance is greater than $2,500, you can invest a portion of your HSA dollars into mutual funds through a brokerage account, call IFIS at 800.300.0459 for additional information 

Choose the account that's right for you!
Learn more about our personal checking accounts, including our free checking account option and competitive interest options.
 

 

Note: Please refer to our schedule of service(s) and fee(s) for complete information. Some restrictions apply.
*Includes transfers made online with other Independent Bank accounts.
**Consult your tax advisor for details.

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