Welcome to Open Bank Deposit! Open a new checking and new savings 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
- NOW Checking - A personal or household account that is interest earning with low activity
| Personal Accounts | Simple Checking | Standard EZ Checking | NOW Checking |
|---|---|---|---|
| Opening Deposit | $100.00 | $100.00 | $2,500.00 |
| Monthly Service Charge | $10.00 | $7.00 | $8.00 |
| 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 $500.00 minimum daily balance or $1,000.00 average monthly balance during each monthly statement cycle. |
Maintain $2,500.00 minimum daily balance or $5,000.00 average monthly balance during each monthly statement cycle. |
| Online Banking | Yes | Yes | Yes |
| CheckFree Bill Pay | Yes | Yes | Yes |
| Free 24/7 Telephone Banking | Yes | Yes | Yes |
| Debit Card | Yes | Yes | Yes |
| Interest Earning | No | No | Yes |
| Monthly Transactions (contact your local branch office for a Schedule of Fees and the Account Disclosure) |
Unlimited | $0.25 per debit transaction1 |
$0.25 per debit transaction1 |
- Includes any debits posted to the account (e.g., withdrawal, check paid, automatic transfer, payment, etc.)
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
- NOW Checking - Interest earning (Only available to Sole Proprietors, Non-Profit Organizations, and certain Governmental Units)
| Business Accounts | Carefree Business | Standard Business | Business Analysis | NOW Checking |
|---|---|---|---|---|
| Opening Deposit | $500.00 | $500.00 | $500.00 | $2,500.00 |
| Monthly Service Charge | $8.00 | $10.00 | $16.00/$100~$2003 | $8.00 |
| 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 $2,500.00 minimum daily balance or $5,000.00 average monthly balance during each monthly statement cycle. |
Maintain sufficient average investable balance during each monthly analysis cycle for Earnings credit to be applied to offset fees |
Maintain $2,500.00 minimum daily balance or $5,000.00 average monthly balance 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 |
| Monthly Transactions (contact your local branch office for a Schedule of Fees and the Account Disclosure) |
up to 30 free debit transactions 1,2 |
$0.25 per debit transaction2 |
Varies per transaction type | $0.25 per debit transaction2 |
- A per debit fee of $1.00 is charged for each debit transaction in excess of 30 debit transactions during each monthly statement cycle
- Includes any debits posted to the account (e.g., withdrawal, check paid, automatic transfer, payment, etc.)
- Depending on the type of activity and volume
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
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.
