Savings
A savings account is your first step to financial stability. It can be the emergency fund to cover that unexpected expense, the safety net to keep your family afloat during lean times, the beginning stage of building wealth—or all three.
We offer Savings account options, customized with you in mind
Whether you’re saving for a specific goal or just saving for a rainy day, we offer a variety of accounts to match your financial plans, with tools to make it simple and convenient. And with online account opening now available, we make it even easier for our customers in Texas and Colorado to open an account—right from the convenience of home!
Compare Our Savings Accounts
ABC Savings | ABC Youth Savings | Health Savings(HSA) | Individual Retirement Account (IRA) | Certificate of Deposit |
|
|---|---|---|---|---|---|
| Service charges | Daily balance during statement cycle determines service charge:
A withdrawal fee of $2 will be charged for each withdrawal in excess of thirty (30) during each quarterly monitoring period. | - No statement cycle service charge - A withdrawal fee of $2 will be charged for each withdrawal in excess of thirty (30) during each quarterly monitoring period. | Daily balance during statement cycle determines service charge:
| Penalty for early withdrawal | Penalty for early withdrawal |
| Eligibility | Individiual | Individuals 0 – 18 years old | Individuals covered by a high-deductible health plan that meets annual requirements – annual contribution limits apply | Individuals | Individuals or Business |
| Account description & benefits | Savings accounts are an easy and safe way to save for the future and may be tied to your checking account to protect you from accidental overdraft charges. Let us help you set up an Automated Funds Transfer to make saving easy. | This account is set up for individuals age 0 to 18. Whether saving for college, a new car or the future, teach your child money savings basics. | Your High Deductible Health Plan (HDHP) is combined with an HSA account for the purpose of paying or reimbursing qualified medical expenses. Contributions to an HSA are tax deductible, the earnings grow tax deferred and distributions to pay for reimbursed qualified medical expenses are tax free. | An IRA, is a tax-deferred account that permits individuals to set aside money each year for retirement planning, with earnings tax-deferred until withdrawals begin at age 59 1/2 or later. Contributions may be deductible. IRA’s are funded by a Certificate of Deposit. IRA Types offered: Traditional IRA, ROTH IRA, SEP IRA (Simplified Employer Plan), CESA (Coverdell Education Savings Account). | Certificate of Deposits are a low-risk investment that allows you to maximize your savings with added benefits of liquidity and safety. CD terms from one month to three years. |
| Minimum Opening Deposit | $100 | $25 | $.01 | $1,000 | $1,000 for Regular CD’s – all terms $100,000 for Jumbo CD’s – all terms |
| Interest Bearing - Minimum daily balance required to obtain the annual percentage yield | Yes - Min. Balance of $50 | Yes - Min. Balance of $25 | Yes - Min. Balance of $1,000 | Yes | Yes |
| Debit Card - Additional fees may apply, a full fee schedule is available at any branch | No | No | Yes – Health Savings debit card only | No | No |
* Online account opening is only available to consumers residing in Texas and Colorado at this time. Not all Checking and Savings products are eligible to be opened online.
Saving Made Simple with ABC Bank
At ABC Bank, we want to provide secure savings accounts that support your unique financial needs and savings goals. We offer a variety of options—each one customized for your benefit and designed to make saving easy and help your savings grow.
Have questions about an account? Need help choosing one? Call us at 1-888-902-2552 or visit your local ABC branch in Austin, Dallas, Plano, Lubbock, or Wolfforth, Texas or Pueblo or Colorado Springs, Colorado and let us help you match you with an account that’s just right for you!
