Welcome to Open Bank Deposit! Open a new checking and new savings account with qualifying activities

Asset 4@2x

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
  1. 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
  1. A per debit fee of $1.00 is charged for each debit transaction in excess of 30 debit transactions during each monthly statement cycle
  2. Includes any debits posted to the account (e.g., withdrawal, check paid, automatic transfer, payment, etc.)
  3. 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.