Savings account

The first milestone on your path to saving

Start saving and earning dividends effortlessly with just $40. Build your financial future with minimal investment and steady growth.

A steady rate of return

Our Savings account offers a secure, reliable way to meet your financial goals.

  • Earn dividends from the date of deposit to the date of withdrawal.3
  • Dividends are calculated daily and paid quarterly.
  • No maintenance fee.
  • Set up a recurring direct deposit from your paycheck to make saving easy.

Savings account features

Convenient access

Use any of the 55,000+ surcharge free ATMs in your network. If you also have a Standard American City Bank checking account, you can use your Visa® Debit Card for both your checking and savings accounts.

As part of the CO-OP Shared Branch Network® you can visit a branch to access your accounts at thousands of locations across the U.S.

Shared branch locations offer a range of services that may include:

  • Deposits, withdrawals, and transfers.
  • Loan payments.
  • Visa cash advances, check withdrawals, and money orders.
  • Notary services.

Overdraft protection

Want the flexibility to go over your balance if you need to? Ask for overdraft protection to take funds from your Savings, Money Market, credit line, or home equity line of credit4.

If you need to use your overdraft protection, there is one low fee charged at the end of the day—rather than for each individual transaction.

Even more benefits

Use your Savings account to secure a pledge of shares loan or to start building credit with a Standard American City Bank Secured Visa® Platinum Credit Card.

Automate your saving by setting up automatic deposits from another account.

Talk to a real person through the 24/7 Member Service Center—even on holidays.

Savings Account FAQs

There’s no maintenance fee for a Standard American City Bank savings account.

We calculate dividends daily and credit them to your account every quarter. You earn dividends on your savings from the date of deposit to the date of withdrawal. You must have a minimum balance of $50 to earn dividends.

No, there’s no limit to the number of withdrawals you can make. To access your account, you can:

  • Use any of the 55,000+ surcharge free ATMs in our network.
  • Transfer money through Online & Mobile Banking.
  • Visit one of our Standard American City Bank branches or one of the many locations in the CO-OP Shared Branch Network®.

Yes, if you are enrolled in online banking, you can receive eStatements instead of paper statements in the mail. You can also sign up to receive an email reminder when your new eStatement is ready. 

To sign up for eStatements: 

  1. Log in to your account. 
  2. Click the Account Services tab. 
  3. Click Request eStatements. 
  4. Review and accept the Electronic Statements and Notices Disclosure and Agreement.