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Disclaimer

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Linked web pages are not under the control of Independent Bank, its affiliates or subsidiaries. Be aware the privacy policy of the site to which you are going may differ from that of Independent Bank. Independent Bank provides external links as a convenience and is not responsible for the content, accessibility, or security of any linked web page.

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Disclaimer

You are now leaving the Independent Bank website.

Linked web pages are not under the control of Independent Bank, its affiliates or subsidiaries. Be aware the privacy policy of the site to which you are going may differ from that of Independent Bank. Independent Bank provides external links as a convenience and is not responsible for the content, accessibility, or security of any linked web page.

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Personal Savings Accounts

At Independent Bank, we’re here to help you save both time and money. Our products and people will help you do just that.

Service charge & minimum balance

Interest

FREE ATM card, Mobile app & text banking

Eagle Savings Account
Our competitive interest rate makes saving easy.

NONE 
with a minimum daily balance of $500, combined account statements, or eStatements
- OR -
$12 / quarter service charge
Competitive Interest Rate
Included

Open an Account Now

Health Savings Account
Start saving for medical expenses and more.

NONE
Competitive Interest Rate

Included 

Open an Account Now

Swift Savings Account
Learn to save at an early age with our under-18 account.

NONE 
if primary account holder is under 18
- OR -
$12 / quarter service charge
Competitive Interest Rate
Included

Open an Account Now

Relationship Money Market Account
Elevated rates when combined with a checking account. Rates vary according to balance.

NONE 
with a minimum daily balance of $2,500
- OR -
$12 / month service charge
Tiered interest rate based on account balance
Included

Open an Account Now

CD Special
Competitive Rates on a secure, low risk CD account.

NONE
Minimum balance required to open.
Competitive Interest Rate
Free ATM Card not included, Mobile app & text banking included

Learn More
Open an Account Now

Eagle Savings Account
Our competitive interest rate makes saving easy.

Service charge & minimum balance
-
NONE 
with a minimum daily balance of $500, combined account statements, or eStatements
- OR -
$12 / quarter service charge
Interest
-
Competitive Interest Rate
FREE ATM card, Mobile app & text banking
-
Included
-

Open an Account Now

Health Savings Account
Start saving for medical expenses and more.

Service charge & minimum balance
-
NONE
Interest
-
Competitive Interest Rate
FREE ATM card, Mobile app & text banking
-

Included 

-

Open an Account Now

Swift Savings Account
Learn to save at an early age with our under-18 account.

Service charge & minimum balance
-
NONE 
if primary account holder is under 18
- OR -
$12 / quarter service charge
Interest
-
Competitive Interest Rate
FREE ATM card, Mobile app & text banking
-
Included
-

Open an Account Now

Relationship Money Market Account
Elevated rates when combined with a checking account. Rates vary according to balance.

Service charge & minimum balance
-
NONE 
with a minimum daily balance of $2,500
- OR -
$12 / month service charge
Interest
-
Tiered interest rate based on account balance
FREE ATM card, Mobile app & text banking
-
Included
-

Open an Account Now

CD Special
Competitive Rates on a secure, low risk CD account.

Service charge & minimum balance
-
NONE
Minimum balance required to open.
Interest
-
Competitive Interest Rate
FREE ATM card, Mobile app & text banking
-
Free ATM Card not included, Mobile app & text banking included
-

Learn More
Open an Account Now

Interested in an account, but not sure where to start?

Schedule an appointment
Video, Phone, or In-Person!


CD_CTATile

Start Saving
with our CD Specials!

Make the most of your savings with a secure, low risk account while earning a competitive rate.

 

Open an AccountLearn More


SwiftSavers_ClubHouse

Swift Savings Account

Learning to save at an early age is important. Independent Bank’s eagle mascot, Swift, encourages young people under 18 to begin saving early. The account earns interest, plus there’s no minimum balance and no fees for children under 18.


Join the Swift Savers Kids Club!

We are making saving cool with an official club! All kids who open a Swift Savings account will receive a FREE coin booklet.* Plus, once they fill the coin booklet with $5 worth of quarters, we will match their deposit into their savings account!** The coin booklet encourages kids to complete household chores, help take care of the yard, or help their parents to earn money.

 

All existing Swift Savings account holders, ages 4-12, will automatically be enrolled in the Swift Savers Kids Club. Stay tuned for more fun to be added to the club!

 

**Deposit is made when coin booklet is brought back full. Only valid on new accounts; each account eligible for one $5 deposit match. Account must be opened in-person at an office to receive the coin booklet.


Other Savings Options

Health Savings Account (HSA)

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

  • Interest-bearing account
  • Funds are permanent and portable
  • Independent Bank 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 IB Wealth Management at 800.300.0459 for additional information

Open an Account Now

 

**Consult your tax advisor for details.

Free Change it up Savings Programs

An easy way to save a little more! Enroll and every debit card purchase you make will be rounded up to the nearest dollar, with that extra change deposited right into your savings account.

 

If you were previously enrolled in this program, your pre-selected contributions will now be rounded up to the nearest dollar as well.

 

Terms & Conditions

 

++If an enrolled checking account has multiple debit cards, all qualifying transactions from those cards will initiate transfers to the receiving account.


+++The receiving account could be an Independent Bank savings account, child's or grandchild's savings account.

 

^^Qualifying debit card transactions include both signature and PIN-based transactions, including online purchases and automatic or recurring bill payments paid with your Independent Bank debit card. ATM transactions do not qualify.

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

To open a Certificate of Deposit, visit us at one of our local branches.

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

**Consult your tax advisor for details.

Application Center

Didn't get a chance to finish your online account opening application? Pick up where you left off at our Application Center!

 

Finish My Account Application

 

U.S. Savings Bonds

Paper savings bonds are no longer being sold at financial institutions, but electronic savings bonds can be purchased online through TreasuryDirect.

Already have paper savings bonds?

Existing paper bonds are still valid and will earn interest for 30 years from the issue date or until redeemed. You can continue to cash savings bonds at Independent Bank.

With TreasuryDirect, you can safely and securely buy, manage, and redeem electronic savings bonds

• Convert paper savings bonds to electronic
• Purchase electronic savings bonds as gifts
• Purchase other Treasury securities, including bills, notes, bonds, and TIPS (Treasury Inflation-Protected Securities)

Health Savings Account Questions

What is a Health Savings Account?
A Health Savings Account (HSA) is a tax-exempt trust or custodial account you set up with a ...
A Health Savings Account (HSA) is a tax-exempt trust or custodial account you set up with a qualified HSA trustee to pay or reimburse certain medical expenses you incur. You must be an eligible individual to qualify for an HSA.
What are the benefits of an HSA?
You can claim a tax deduction for contributions you, or someone other than your employer, make to ...
You can claim a tax deduction for contributions you, or someone other than your employer, make to your HSA even if you don’t itemize your deductions on Schedule A (Form 1040). Contributions to your HSA made by your employer (including contributions made through a cafeteria plan) may be excluded from your gross income. The contributions remain in your account until you use them. The interest or other earnings on the assets in the account are tax free. Distributions may be tax free if you pay qualified medical expenses. An HSA is “portable.” It stays with you if you change employers or leave the
How do I qualify for an HSA?
To be an eligible individual and qualify for an HSA, you must meet the following requirements. You ...
To be an eligible individual and qualify for an HSA, you must meet the following requirements. You are covered under a high deductible health plan (HDHP), on the first day of the month. You have no other health coverage except what is permitted under ‘Other Health Coverage’ in IRS Publication 969. You are not enrolled in Medicare. You cannot be claimed as a dependent on someone else's tax return.
What is a High Deductible Health Plan (HDHP)?
A High Deductible Health Plan (HDHP) may provide preventive care benefits without a deductible or ...
A High Deductible Health Plan (HDHP) may provide preventive care benefits without a deductible or with a deductible less than the minimum annual deductible. Minimum and maximum annual deductible amounts can be found in IRS Publication 969 under ‘High Deductible Health Plan (HDHP)’.
What is an Individual Plan?
Self-only HDHP coverage is an HDHP covering only an eligible individual.
Self-only HDHP coverage is an HDHP covering only an eligible individual.
What is a Family Plan?
Family HDHP coverage is an HDHP covering an eligible individual and at least one other individual (whether or not that individual is an eligible individual).
Family HDHP coverage is an HDHP covering an eligible individual and at least one other individual (whether or not that individual is an eligible individual).
How many beneficiaries should I designate?
You should choose a beneficiary when you set up your HSA. What happens to that HSA when you die ...
You should choose a beneficiary when you set up your HSA. What happens to that HSA when you die depends on whom you designate as the beneficiary. Your HSA agent (the person you may authorize to transact business on your behalf) DOES NOT inherit the account, only the named beneficiaries will receive their percentage of distribution
What is the percentage of distribution?
If beneficiaries are named you must designate a percentage of distribution to all HSA beneficiaries. The percentage of distribution for all beneficiaries must total 100%.
If beneficiaries are named you must designate a percentage of distribution to all HSA beneficiaries. The percentage of distribution for all beneficiaries must total 100%.
What happens if I overdraw my HSA?
As part of the Health Savings Account (HSA) tax qualification rules, HSAs are subject to certain ...
As part of the Health Savings Account (HSA) tax qualification rules, HSAs are subject to certain transaction rules. A violation of the prohibited transaction rules may occur when your HSA has been involved in an overdraft situation. If a prohibited transaction occurs, such as an overdraft, the account becomes disqualified and is no longer considered an HSA for tax purposes by the Internal Revenue Service (IRS) as of January 1 of the current year. For further information, please consult a tax advisor.
What is the difference between a primary and a contingent beneficiary?
A primary beneficiary receives account assets in the event of your death. A contingent beneficiary receives account assets only when all primary beneficiaries predecease you.
A primary beneficiary receives account assets in the event of your death. A contingent beneficiary receives account assets only when all primary beneficiaries predecease you.
What is an Authorized Agent?
An Authorized Agent, if you choose to name one, is the one individual other than yourself authorized to perform transactions on your HSA.
An Authorized Agent, if you choose to name one, is the one individual other than yourself authorized to perform transactions on your HSA.
Under what circumstances will my contingent beneficiaries receive my HSA assets?
A contingent beneficiary receives account assets in the event of your death only when all primary beneficiaries predecease you.
A contingent beneficiary receives account assets in the event of your death only when all primary beneficiaries predecease you.
What is a rollover?
Generally, a rollover is a tax-free distribution to you from one Health Savings Account that you ...
Generally, a rollover is a tax-free distribution to you from one Health Savings Account that you contribute to another Health Savings Account. The contribution to the second account is called a “rollover contribution.” A rollover contribution isn’t included in your income, isn’t deductible, and doesn’t reduce your contribution limit. You must roll over the amount within 60 calendar days after the date of receipt. You can make only one rollover contribution to an HSA during a 1-year period.
What is a trustee transfer?
A transfer of funds in your HSA from one trustee directly to another, either at your request or at ...
A transfer of funds in your HSA from one trustee directly to another, either at your request or at the trustee's request, is not a rollover. This includes the situation where the current trustee issues a check to the new trustee but gives it to you to deposit. Because there is no distribution to you, the transfer is tax free. Because it is not a rollover, it is not affected by the 1-year waiting period required between rollovers. There is no limit on the number of these transfers. Don’t include the amount transferred in income, deduct it as a contribution, nor include it as a distribution on Form 8889.
Which contribution tax year should I choose?
Current Year is a deposit made in the year for that tax year. Previous Year is a deposit made ...
Current Year is a deposit made in the year for that tax year. Previous Year is a deposit made between January 1st and the tax deadline o the current year however funds are allocated to the previous tax year.
Where can I find additional information regarding Health Savings Accounts?
You can visit IRS Publication 969.
You can visit IRS Publication 969.
Where can I find additional information regarding Qualified Medical Expenses?
You can visit IRS Publication 502.
You can visit IRS Publication 502.
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