Savings

At New Buffalo Savings Bank our goal is to help you Simplify Life. Our products and services are designed to work together for your convenience.

Ask about linking your savings account to your checking account.  You will:

• earn benefits on your checking account by making deposits to your savings account
• automatically transfer from your savings for checking overdrafts
• view and access all of your accounts through Online Banking and ATMs

Looking a few savings options? Here is what we offer:

• Statement Savings
  • $5 to open
  • $100 to earn interest
  • $4 Minimum balance fee if below $100
  • ATM available*
• Money Market
  • $2,500 to open
  • $500 to earn interest
  • $5 minimum balance fee if below $2,500
  • Tiered rates
• Child’s Savings
  • $5 to open
  • $100 to earn interest
  • No service fee until age 18
• Christmas Savings
  • $5 to open
  • $100 to earn interest
  • Fee imposed for early withdrawal
• CDs (Certificate of Deposit)
  • Basic CD: $1,000 minimum deposit, 45 days – 10 years
  • Jumbo CD: $100,000 minimum deposit, 45 days – 8 years
  • One Chance to Change CD: $1,000 minimum deposit, Minimum 2 years
  • IRA CD: $100 minimum deposit, 18 months
    • An Individual Retirement Account (IRA) is an account set up for the exclusive benefit of you or your beneficiaries. Every individual who has earned income or received alimony may contribute to an IRA. We offer Certificates of Deposit for Traditional and Roth IRAs with highly competitive rates to assist you in planning for a secure financial future.