Welcome to Open Bank Deposit! Open a new account with qualifying activities
Personal Checking Products
- Simple Checking - Designed for consumers that have a growing need for activity
- Standard EZ Checking - A personal account for your household needs
| Personal Accounts | Simple Checking | Standard EZ Checking |
|---|---|---|
| Opening Deposit | $100.00 | $100.00 |
| Monthly Service Charge | $10.00 | $7.00 |
| Per Debit Fee | N/A | $0.25 per debit transaction1 |
| How to avoid monthly Service Charge and Per Debit Fees, if applicable |
Initiate any transaction by client, such as deposit or withdrawal during each monthly statement cycle. |
Maintain a minimum daily balance of $500.00 or a minimum average daily balance of $1,000.00 during each monthly statement cycle. |
| Online Banking | Yes | Yes |
| CheckFree Bill Pay | Yes | Yes |
| Free 24/7 Telephone Banking | Yes | Yes |
| Debit Card | Yes | Yes |
| Interest Earning | No | No |
- Includes any debits posted to the account (e.g., withdrawal, check paid, automatic transfer, payment, etc.)
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Business Checking Products
- Carefree Business Checking - Designed for businesses with lower transaction frequency
- Standard Business Checking - Designed for small to medium sized growing businesses
- Business Analysis Checking - Designed for high volume businesses; offset fees by earnings credit on available balance
| Business Accounts Checking | Carefree Business Checking | Standard Business Checking | Business Analysis Checking | Attorney Client-Trust Checking |
|---|---|---|---|---|
| Opening Deposit | $500.00 | $500.00 | $500.00 | $2,500.00 |
| Monthly Service Charge | $8.00 | $10.00 | $16.00/Various2 | $8.00 |
| Per Debit Fee | $1/debit in excess of 30 debit transactions1 during each monthly statement cycle |
$0.25 per debit transaction1 | Varies per transaction type | $0.25 per debit transaction1 |
| How to avoid monthly Service Charge and Per Debit Fees, if applicable |
Initiate any transaction by client, such as deposit or withdrawal during each monthly statement cycle. |
Maintain a minimum daily balance of $2,500.00 or a minimum average daily balance of $5,000.00 during each monthly statement cycle. |
Service charge/fee may be offset by earnings credit balance |
Maintain a minimum daily balance of $2,500.00 or a minimum average daily balance of $5,000.00 during each monthly statement cycle. |
| Online Banking | Yes | Yes | Yes | Yes |
| CheckFree Bill Pay | Yes | Yes | Yes | Yes |
| Free 24/7 Telephone Banking | Yes | Yes | Yes | Yes |
| Debit Card | Yes | Yes | Yes | Yes |
| Interest Earning | No | No | Earnings Credit | Yes |
- Includes any debits posted to the account (e.g., withdrawal, check paid, automatic transfer, payment, etc.)
- Depending on the type of activity and volume
Get E-Brochure - Business Deposit Products
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If you cannot read the downloaded document,
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Savings
Savings
We are OPEN to be your Bank and help you achieve your savings goals. We offer you the personal products and advanced technology that you require with the personalized attention that you deserve.
- Certificate of Deposit Accounts
- Installment Accounts
- Money Market Accounts
- Retirement Accounts
- Savings Accounts
Certificate of Deposit Accounts
Our Certificate of Deposit Accounts offer a guaranteed interest yield for a fixed term.
It is perfect for clients who want to hold funds for a specific time and earn more interest.
Key Features and Benefits
- Fixed interest until maturity
- Competitive annual percentage yield
- Fixed term on the account
- No monthly service charge
Installment Accounts
An account that allows you to calculate a monthly installment deposit amount based on a pre-determined total amount that you want to have available at maturity.
Key Features and Benefits
- Flexible terms and goal amounts
- Automatic transfer from your Open Bank account or account at another financial institution
- Fixed interest rate until maturity
- Competitive annual percentage yield
- Fixed term on the account
- No monthly service charge
Please refer to our Deposit Account Agreement and Account Disclosure, available at our branch, for additional information
Please refer to our Rate Sheet, available at our branch, for current term, interest rate and annual percentage yield information
Please contact any branch for details about our Youth Installment Account for minors
Wellbeing Money Market Accounts
An account that offers a competitive tiered interest yield. It is perfect for clients who want to write few checks and earn more interest as the balance increases.
Key Features and Benefits
- Unlimited deposits
- Direct Deposit
- Online Banking Service
- 24-hour Telephone Banking Service
Monthly Activity and Fees
For more information please refer to our Deposit Account Agreement, Account Disclosure, and Schedule of Fees available at our branch.
Retirement Accounts
Traditional Individual Retirement (“IRA”) Accounts
A traditional IRA lets you put money aside without having to pay taxes on your investment earnings until you withdraw the funds at retirement. Your contributions may be tax deductible, if you qualify.
Roth Individual Retirement Accounts
The Roth IRA is similar to a traditional IRA but contributions are not tax deductible and qualified distributions are tax free.
Savings Accounts
An account that offers a competitive interest rate (“rate”) and annual percentage yield (“APY”) with a low monthly service charge. The monthly service charge is waived if the minimum balance requirement is met.
Key Features and Benefits
- Unlimited deposits
- Direct Deposit
- Online Banking Service
- 24-hour Telephone Banking Service
Monthly Activity and Fees
For more information please refer to our Deposit Account Agreement available at our branch.
Specialty Deposits Center
At Open Bank, we have industry experts who offer a full suite of banking products and services alongside up-to-date technologies to help you manage cash flow and information reporting in an efficient, timely manner. You benefit from a full team of bankers, including a Relationship Manager, a dedicated operations team, with a single point of contact.
Title and Escrow
Title and escrow companies demand fast, accurate, and efficient transaction processing. Open Bank can interface with your banking operations staff and meet time-sensitive requirements with our online business banking platform incorporating cash flow management and fraud prevention functionality. Our Specialty Deposits bankers are focused on serving the title and escrow industry. They are active members of industry organizations and stay informed of industry changes.
1031 Exchange
Open Bank works directly with 1031 Exchange accommodators by offering unique depository products and services tailored exclusively for your exchange requirements. Our Specialty team members have decades of experience including in-depth knowledge of an array of cash management tools to help your business.
Property Managers and Homeowners’ Associations
Open Bank offers specialty banking products to a variety property managers and homeowners associations while fulfilling the needs of residential, commercial, and industrial property managers with timely and accurate service.
IOLTA (Interest on Lawyers’ Trust Accounts)
Open Bank provides compliant IOLTA account solutions tailored for law firms. We ensure accurate interest remittance to the appropriate state program and offer secure funds management, detailed reporting, and personalized support—making it easy for you to meet fiduciary requirements with confidence.
