Savings Account
Uncomplicated savings for a rainy day—or a very sunny vacation.
- Minimum Opening Deposit $50
- Minimum balance of $100 required per statement cycle to avoid a $5 per monthly charge
- Interest Accrues Daily and is Paid Monthly Based on Daily Collected Balance Tiers
- Three (3) withdrawals or transfers per statement cycle at no charge*
- No minimum monthly balance charge for minors
- Free Pre-Encoded Withdrawals and Deposit Tickets (Limited to one order per year)
- 24 Hour Telephone Banking Service
- Free Online Banking
- Compatible with Quicken, Quickbooks & MS Money
- Free Electronic Statements
- May be linked to checking account for overdraft protection
Money Market Savings Account
With limited transactions, you earn higher interest on your higher balance with a Progress Bank Money Market Account.
- Minimum Opening Deposit $100
- Minimum daily balance of $1,000 or combined personal and business average balances of $10,000 required per statement cycle to avoid a $5 monthly charge (combined balances include DDA, Savings, MMA, CDs, IRAs, with the same CIF)
- Interest accrues daily and is paid monthly collected tiered balance
- Six (6) withdrawals, transfers or third-party payments per statement cycle at no charge*
- Unlimited Withdrawals Allowed Without Charge if Made in Person or at an ATM*
- Unlimited ATM Transactions Worldwide**
- 24 Hour Telephone Banking Service
- Free Online Banking
- Free Electronic Statements
- May be linked to checking accounts for overdraft protection
*Progress Bank policy limits Savings Account withdrawals or transfers, regardless of how initiated, to three per statement cycle. A charge will be assessed for each item in excess of the number allowed by bank policy. If these restrictions are exceeded more than three times during a 12 month period, the account is subject to being closed and funds transferred into a checking account. Bill Payment is not available for savings accounts.
Subject to Regulation D Transaction Limitations: Transfers from a Money Market Account to another account or to third parties by preauthorized, automatic, telephone, computer transfers, draft, check, debit card or similar order to third parties are limited to six per statement cycle for Money Market Account. The preauthorized or automatic transactions may be initiated by telephone banking, PC banking, internet banking or standing order. Limit does not apply to in-person withdrawals, withdrawals by mail or messenger or withdrawals at an ATM. A change will be assessed for each preauthorized transfer, draft or debit card transactions in excess of six per statement cycle. If these restrictions are exceeded more than three times during a 12 month period, the account is subject to being closed and funds transferred into a checking account. Bill Payment is not available for money market accounts.
Foreign currency exchange charges at customer's expense.