Savings & Money Market Accounts

We offer several savvy ways to build your ready cash and let it earn its keep. We have savings and money market savings accounts, as well as certificates of deposit to help you build your rainy day cash, save for retirement tax-free or put money aside for your child. We participate in networks that enable you to secure up to $50 million within an FDIC environment while enjoying the convenience of working with us. You can open a savings account with $200, a money market savings or a Certificate of Deposit with $1000. Savings and money market accounts are limited to six withdrawals per statement cycle. Certificates of Deposit carry penalties for early withdrawal. Additional disclosures will be provided at account opening.

Contact the branch nearest you or click hereto submit an application.

Complete account disclosures with compounding interest and annual percentage yield are available at any time.

Savings Accounts

Savings, savings, savings! Get your savings account here! Savings for school. Savings for a rainy day. Savings for a down payment on a new house. Savings to help you ride smoothly through a bumpy economy. It’s never too soon to start saving and it’s never too late. Let us help you choose a savings account that suits your saving style. Your kids can even open up a savings account for minors, so they can start saving for college. Complete account disclosures, with compounding interest, annual percentage yield and early withdrawal penalties, are available any time. Just ask.

Health Savings Account (HSA)

This is a savings account that helps you pay for current health expenses and save for future health expenses on a tax-free basis. And it earns interest. Open one with $100. Complete account disclosures, with compounding interest, annual percentage yield and early withdrawal penalties, are available any time. Just ask.

Contact the branch nearest you or click here to submit an application.

Basic Savings

A Basic Savings Account is a classic investment tool for all ages, which earns interest without a high balance requirement. You can make six withdrawals per month without a charge, and your account earns a competitive interest rate on all collected balances. A monthly fee of $5 is charged if the average daily balance falls below $100. Many customers link this account to a checking account to protect against a negative balance.

Contact the branch nearest you or click here to submit an application.

Complete account disclosures with compounding interest and annual percentage yield are available at any time.

Minor Savings

These aren’t necessarily small accounts. In fact, they can grow to be big accounts, they’re just set up for your little people under the age of 18. What better way to teach them about managing money, while putting something aside for their first car? We do not charge monthly maintenance fees on these accounts.

Contact the branch nearest you or click here to submit an application.

Complete account disclosures, with compounding interest and annual percentage yield are available at account opening.

Money Market Savings

Money Market Savings Accounts are useful in maintaining liquidity while accumulating wealth. You can make six withdrawals per month without a charge and your account earns interest on all collected balances. A monthly fee of $10 is charged if the average daily balance falls below $2,500. Paper statements, if you wish to receive them, are included, although we recommend receiving e-statements.

Contact the branch nearest you or click here to submit an application.

Complete account disclosures with compounding interest and annual percentage yield are available at any time.

MONEY MARKET SAVINGS PLUS

For customers age 55 or better receive preferred tiered interest rates. Open this account with $1,000 and think of it as your emergency cash stash. Maintain the required basic balance and there is no monthly maintenance fee. You may make 6 free withdrawals per statement cycle. Beyond that there is a fee for each withdrawal.

Contact the branch nearest you or click here to submit an application.

Complete account disclosures, with compounding interest, annual percentage yield and early withdrawal penalties, are available any time.

Certificates of Deposit

Certificates of Deposit (CDs) are similar to savings accounts in that they are FDIC insured and thus virtually risk-free. Unlike savings accounts, CDs have a specific, fixed term (often three months, six months, or one to five years), and, usually, a fixed interest rate. Also unlike savings accounts where a limited number of withdrawals are available, a CD should be held until maturity, at which time the CD can either be renewed or the money may be withdrawn together with the accrued interest. In the case of early withdrawal, penalties may apply.

If you are uncertain about the wisdom of locking in a CD rate for a long period when rates could go up, consider this option – Open a 24-month CD at the posted rate. At any point during the term of the CD, you have a one-time option to update your rate to take advantage of any rate increases that might occur. See a personal banker for more information.

Contact the branch nearest you or click here to submit an application.

Complete account disclosures with compounding interest, annual percentage yield and early withdrawal penalties are available at any time.

CDARS

Certificate of Deposit Account Registry Service (CDARS, pronounced "cedars") combines the convenience of working with one financial institution with the security of FDIC Insurance for amounts in excess of $250,000. Kirkpatrick Bank places customer funds into certificates of deposit issued by banks in our network in amounts below the standard FDIC insurance maximum. This means the principal and the interest earned are eligible for full FDIC insurance. Perfect for private investors, businesses, non-profit organizations.

Contact the branch nearest you to for more information.

Complete account disclosures with compounding interest, annual percentage yield and early withdrawal penalties are available at any time.

Insured Cash Sweep (ICS)

Insured Cash Sweeps (ICS) combine the convenience of working with one financial institution with the security of FDIC Insurance for amounts in excess of $250,000. Kirkpatrick Bank places customer funds into money market savings accounts with banks in our network in amounts within the standard FDIC insurance maximum. Customers can manage their accounts online.

Contact the branch nearest you for more information.

Complete account disclosures with compounding interest and annual percentage yield are available at any time.

Individual Retirement Account (IRA)

An Individual Retirement Account (IRA) offers the opportunity to make tax-deductible contributions. Whatever you contribute towards your IRA is deducted from yearly income, thereby reducing total tax liability. We recommend you contact your tax advisor to see how this may benefit you. Kirkpatrick Bank offers FDIC insured CD’s for your IRA. It may also be worth noting that CDs have outperformed the Standard & Poors Index since 1997.

Contact the branch nearest you for more information.

Complete account disclosures with compounding interest and annual percentage yield are available at any time.

Savings Square

Savings Square is a product of Kirkpatrick Bank and is, therefore, an FDIC-insured savings product. It is an internet-only savings account. You apply, open and fund the account online. There is no monthly fee and no minimum balance is required to earn Annual Percentage Yield. You can access Savings Square either through the Kirkpatrick Bank website or directly.

Click here to visit Savings Square.