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Personal Savings Account Options
Savings plans mean more to us than monthly pieces of paper. They're plans for your future, and all you hope to achieve. Savings plans deserve the kind of care and attention that only a local bank can provide. Whether saving for college, a vacation, taxes or retirement, an insured savings account at Bank of Ann Arbor makes good sense.With our Statement Savings and Money Market Savings Accounts you will enjoy:
- Free ATM card with no transaction or access fees from Bank of Ann Arbor (when using another institution's ATM, their surcharges may apply).
- Free postage paid envelopes for convenient deposits through the mail.
- Free systematic savings plan options. Pre-authorize transfers between your Bank of Ann Arbor accounts to help you reach your savings goals.
- Free access to accounts through Online Banking and Telebanc, telephone banking.
Statement Savings
- Minimum to open: $100
- Monthly service fee: $4
- Ways to avoid this fee: Maintain $100 minimum balance
- Interest tiers: $0 and up
Money Market Savings
- Minimum to open: $500
- Monthly service fee: $2
- Ways to avoid this fee: Maintain $100 minimum balance
- Interest tiers: $1, $5000, $25,000, $100,000, $500,000, $1,000,000
Youth Savings
- Minimum to open: $10
- Monthly service fee: $0
- Interest tiers: $0 and up
- Age Requirement: Under 18 years
