Account Comparision

It's easy to choose the account that's right for you

MONEY MARKETBASIC SAVINGSMINOR SAVINGS
Minimum Opening Deposit$2,500.00$100.00$0.01
Monthly Maintenance Fee$10.00$5.00None
Balance Requirement to Waive Fee$2,500 Avg Daily$100 Avg DailyNone
Number of Permitted Withdrawals/Cycle666
Number of Complimentary Withdrawals666
Withdrawal Fee for Each Withdrawal Over Six$10.00$5.00$5.00
Automatic Transfers from Other AccountsYesYesYes

More Savings Options

Money Market

Money Market Savings Accounts help maintain liquidity while accumulating wealth. You can make six withdrawals per month without a charge and your account earns interest on all collected balances. A monthly fee of $10 is charged if the average daily balance falls below $2,500. Paper statements, if you wish to receive them, are included, although we recommend e-statements.

Health Savings Accounts

This is an account where an individual can save money, potentially tax-deferred, for medical expenses. We offer a debit card with this account to make payments to medical providers easier. Consult with your tax advisor to see how this account may benefit you. More information is available at treasury.gov.

Certificates of Deposit

Certificates of Deposit (CDs) are FDIC insured and thus virtually risk-free.  CDs have a specific, fixed term (often three months, six months, or one to five years), and, usually, a fixed interest rate. A CD must be held until maturity, at which time it can either be renewed or the money may be withdrawn together with the accrued interest.

Insured Cash Sweep

  • Earn interest by putting excess cash balances in money market deposit accounts
  • Access to multi-million dollar FDIC insurance protection
  • Conveniently manage ICS funds online
  • Withdraw ICS funds up to 6 times per month
  • Save time by working directly with just one bank – the bank you know and trust

Certificate of Deposit Account Registry Service (CDARS)

  • Earn interest by putting excess cash balances in certificate of deposit accounts
  • Access to multi-million dollar FDIC insurance protection
  • Save time with one bank, one rate, and one statement
  • Terms from 4 weeks to 5 years

Individual Retirement Account

An Individual Retirement Account (IRA) provides individuals the opportunity to make tax-deductible contributions. Kirkpatrick Bank offers FDIC insured CDs for your IRA.  Consult with your tax advisor to see how this account may benefit you.