Savings

Select a product below:

A solid savings plan is the foundation of financial freedom. Independence Bank’s savings account options make saving easy and convenient. Whether you’re just starting out, you’re a student or you’re a senior citizen, we have an account suited to your needs. Earn the most for your money with our competitive interest rates, while knowing you have quick access to your money when you need it. Monitor your account balances 24/7 with Online Banking and e-Statements.


Independence Savings

Every great savings plan starts with a commitment to save, and a great savings account certainly helps. With a high yield and low fees, Independence Savings at Independence Bank can help you achieve your financial goals more quickly. If you have a savings plan already in action, set up automatic transfers from your checking account so your savings allowance will be automatically transferred each month. You’ll be pleasantly surprised how quickly your account balance will grow.

Please see branch or call (888) 414-0500 for our current rates.

Monthly Maintenance Fee: $3

Minimum Balance Requirement to avoid Monthly Maintenance Fee: Monthly maintenance fee waived with average daily balance of $300 or combined average daily balance of all accounts is $5,000 or more.

Minimum to Open: $100


* APY = Annual Percentage Yield.  Withdrawals of interest could reduce earnings and APY. Rate subject to change without notice, and may change after the account is opened. Fees could reduce earnings on an account. See Branch for additional information and details.


Kid's Freedom Savings

A financially secure future starts with educating children early and building good savings habits while they’re young. Financial literacy should be high on the list of life lessons every parent or guardian should teach their children, especially with the uncertainty of Social Security and other government programs.

Starting a savings program for your child is even easier at Independence Bank where our personal attention and community focus is welcoming and comfortable for children. All that’s required to open our Kids’ Freedom Savings Account (for savers under the age of 18) is a minimum of $50. They’ll enjoy a competitive interest rate on their savings, and the larger life lessons on financial literacy will pay dividends in the future.

Please see branch or call (888) 414-0500 for our current rates.

Monthly Maintenance Fee: $3

Minimum Daily Balance Requirement to avoid Monthly Maintenance Fee: Monthly maintenance fee waived with average daily balance of $50 or combined average balance of all accounts is $5,000 or more.

Minimum to Open: $50


* APY = Annual Percentage Yield.  Withdrawals of interest could reduce earnings and APY. Rate subject to change without notice, and may change after the account is opened. Fees could reduce earnings on an account. See Branch for additional information and details.