Personal Savings Accounts
Earn a little here, save a little there, pretty soon you have a healthy rainy day fund! Choose from a variety of personal savings accounts and money market options to best fit your savings goals. Each account offers a unique minimum balance and interest rate.
If you’re interested in squirreling a little away for emergencies, check out this brief tutorial on how to plan.
Want to learn more about money markets? Check out our blogs! What Is a Money Market? (And What Are Its Benefits), and What Is This Money Market Thing People Talk About?
| Feature | Smart Savings | Statement Savings | Elite Savings | First Rate Money Market | Health Savings Account (HSA)+ |
|---|---|---|---|---|---|
| Product Description | Save automatically when you use your debit card | Low balance, interest-bearing account | Higher interest savings account | Higher interest savings account | Available for participants with qualified high deductible health care plans |
| Minimum Opening Balance | $50, requires a Bank Five Nine consumer checking account | $50 | $100, requires a Bank Five Nine consumer checking account | $2500 | $50 |
| Minimum Daily Balance | $50 | $50 | $100 | $2500 | No |
| Monthly Maintenance Fee | $3/mo if account falls below daily minimum balance | $1/mo and $0.25/debit if account falls below daily minimum balance | $3/mo if account falls below daily minimum balance | $5/mo and $0.25/debit if account falls below daily minimum balance | No |
| Competitive Interest | Yes | Yes | Yes | Yes | Yes |
| Check Writing Access | No | No | No | Yes | Yes |
| ATM Access/Debit Card | Free at Bank Five Nine & over 600 Wisconsin ATM Access locations | Free at Bank Five Nine & over 600 Wisconsin ATM Access locations | Free at Bank Five Nine & over 600 Wisconsin ATM Access locations | Free at Bank Five Nine & over 600 Wisconsin ATM Access locations | Free at Bank Five Nine & over 600 Wisconsin ATM Access locations |
| Use for Overdraft Protection | Yes | Yes | Yes | Yes | No |
| eStatements | Available | Available | Available | Available | Available |
| Bank@Work Eligible | Yes | Yes | Yes | No | Yes |
| Other | Customer receives a $1 automatic transfer from checking to savings with every PIN or signature-based debit card transaction. Minimum 30-day introductory period bank match of $1 per debit card purchase; ongoing bank match of $0.10** | Limits on contributions. Distributions used for qualified medical expenses+ |
Ask about our complete line of CD, IRA, and children’s savings products.
** Paid on 1-year anniversary date of account opening; not paid unless account is in good standing. Unposted bank match is automatically forfeited upon account closure. Total annual bank match maximum (introductory and ongoing) is $100.00. The 30-day introductory period begins on the first day after account conversion or opening; however in certain cases, we may extend the matching program to allow for mailing and processing time of your debit cards up to a maximum of 60 days. Bank match may be reported to the primary account holder as income. Customer is responsible for all applicable taxes. See a banker for more information regarding terms and conditions.
~ See Wisconsin ATM Access brochure for participating ATMs or click here.
+ See IRS Publication 502 for explanation of qualified expenses.