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Personal Savings Options

There’s no safer way to protect you or your family than to save systematically. Algonquin State Bank can help you find the savings option that’s right for you.

  • Passbook Savings Account

    • $500.00 minimum opening deposit
    • Maintenance fee imposed if average daily balance falls below $500.00 for the quarter
    • Additional fees may be imposed for non-compliance with transaction limitations
  • Statement Savings Account

    • $300.00 minimum opening deposit
    • Maintenance fee imposed if average daily balance falls below $300.00 for the quarter
    • Additional fees may be imposed for non-compliance with transaction limitations
  • Money Market Deposit Account

    • $1,000.00 minimum opening deposit
    • $1,000.00 minimum average daily balance required
    • Interest compounded and credited to account monthly
    • Monthly maintenance fee imposed if balance falls below $1,000.00
    • Additional fees may be imposed for non-compliance with transaction limitations
  • Investor Money Market Deposit Account

    • $10,000.00 minimum opening deposit
    • $10,000.00 minimum average daily balance required
    • Interest compounded and credited to account monthly
    • Monthly maintenance fee imposed if the balance falls below $10,000.00 and no interest is paid
    • Additional fees may be imposed for non-compliance with transaction limitations
  • Christmas Club Account

    • $1.00 minimum opening deposit
    • Interest paid annually

Please click to view and download our Truth in Savings brochure.