Personal Savings Accounts

Reach your financial goals with a savings account that gives back. Earn variable interest on your money with free online banking and the flexibility to withdraw and transfer1 between accounts.

Start Opening a Savings AccountTalk to a Banker

 

We have a variety of options to suit your needs.

All personal savings and money market accounts include:

We help you every step of the way to choose the best account.

1 Excludes Certificate of Deposit

Compare Personal Savings Accounts

We offer a variety of personal savings options to fit with your lifestyle and needs.

Account TypeMinimum BalanceMaintenance FeesInterest BearingStatementsWithdrawals
Personal Savings Options
STATEMENT Savings $100 daily ledger balance   $2.00 monthly if minimum balance not maintained  Earns daily interest Paid quarterly  Quarterly Unlimited withdrawals by mail, in person or ATM. Up to 6 preauthorized transfers per month1 
YOUTH STATEMENT Savings None required if < 18   None required if < 18  Earns daily interest Paid quarterly  Quarterly Unlimited withdrawals by mail, in person or ATM. Up to 6 preauthorized transfers per month1  
MONEY MARKET Savings $2,500 daily ledger balance   $20.00 monthly if minimum balance not maintained Earns daily interest Paid quarterly   Monthly 6 free withdrawals per month. $2.00 each thereafter. Up to 6 preauthorized transfers per month1 
REWARD MONEY MARKET Savings  $2,500 daily ledger balance. Must have a Reward Checking account at RiverWood Bank  $20.00 monthly if minimum balance not maintained Earns daily interest Paid quarterly  Monthly   6 free withdrawals per month. $2.00 each thereafter. Up to 6 preauthorized transfers per month1 
HIGH YIELD MONEY MARKET Savings  $25,000 daily ledger balance. Must have a checking account at RiverWood Bank  $30.00 monthly if minimum balance not maintained  Earns daily interest Paid quarterly Monthly  6 free withdrawals per month. $2.00 each thereafter. Up to 6 preauthorized transfers per month1  
CERTIFICATE OF DEPOSIT  $500 None  Earns daily interest paid based on term   N/A  Penalties apply if funds are withdrawn prior to the stated maturity date
HEALTH SAVINGS ACCOUNT  $500 minimum ledger balance  $2.00 monthly if minimum balance not maintained  Earns daily interest Paid quarterly Monthly with free checking safekeeping  Unlimited check writing 

1 Preauthorized withdrawals or transfers are limited to a combined total of six per account cycle.

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Visit any RiverWood Bank location or call (888)751-5120 to speak with a banker.

Statement Savings

Our Statement Savings account is perfect for those who need a more flexible savings account while still earning money. This option allows for unlimited withdrawals and a lower daily balance.

  • Earns daily interest, paid quarterly (contact a banker for rates)
  • $100 minimum opening deposit
  • $100 daily ledger balance required
  • $2.00 monthly if minimum balance not maintained
  • Competitive rates paid on daily collected balance
  • Quarterly statements or monthly with combined statement
  • Withdrawals or transfers available in person, at an ATM, through RiverWood Bankline, Online Banking, or an electronic (ACH) transaction1
  • ATM Card available

Youth Statement Savings

Our Youth Statement Savings account is the perfect way for children and teens to learn the value of saving money. Those under 18 will have no monthly service fee and no minimum required balance.

  • Must be less than 18 years old to qualify for this account
  • Earns daily interest, paid quarterly (contact a banker for rates)
  • $10 minimum deposit to open account
  • No minimum balance required
  • No monthly maintenance fee
  • Competitive rates paid on daily collected balance
  • Quarterly statements or monthly with combined statement
  • Withdrawals or transfers available in person, at an ATM, through RiverWood Bankline, Online Banking, or an electronic (ACH) transaction1
  • ATM Card available

Money Market Savings

Earn higher interest without limited access to your money. Our Money Market savings account allows you to earn more interest, while still being able to withdraw and transfer1 money monthly. Reward Checking customers qualify for Reward Money Market Savings bonus rate.2

  • Earns daily interest, paid monthly (contact a banker for rates)
  • $2,500 minimum daily ledger balance required
  • $20 monthly if minimum balance not maintained
  • Competitive, tiered rates paid on daily collected balance
  • Monthly statements. Combined statements available.
  • Withdrawals or transfers available by check, in person, at an ATM, through RiverWood Bankline, Online Banking, or an electronic (ACH) transaction1
  • Six free withdrawals per month, then $2.00 each thereafter

Additional Benefits

  • Reward Checking customers qualify for Reward Money Market Savings bonus rate.2

Learn More

Reward Money Market Savings

Our Reward Money Market savings account allows customers with a Reward Money Market Savings to earn a bonus rate.2

  • Earns daily interest, paid monthly (contact a banker for rates)
  • $2,500 minimum daily ledger balance required
  • $20 monthly if minimum balance not maintained
  • Competitive, tiered rates paid on daily collected balance
  • Monthly statements. Combined statements available.
  • Withdrawals or transfers available by check, in person, at an ATM, through RiverWood Bankline, Online Banking, or an electronic (ACH) transaction1
  • Six free withdrawals per month, then $2.00 each thereafter

Additional Benefits

  • Reward Checking customers qualify for Reward Money Market Savings bonus rate.2

Learn More

High Yield Money Market Savings

Our High Yield Money Market Savings allows you to generate higher interest on a larger opening balance.

  • Earns daily interest, paid monthly (contact a banker for rates)
  • $25,000 minimum daily ledger balance required
  • $30 monthly if minimum balance not maintained
  • Monthly statements. Combined statements available.
  • Withdrawals or transfers available by check, in person, at an ATM, through RiverWood Bankline, Online Banking, or an electronic (ACH) transaction1
  • Six free withdrawals per month, then $2.00 each thereafter
  • Must have a RiverWood Bank checking account to qualify

Learn more

Certificate of Deposit (CD)

Plan for the future with a Certificate of Deposit through RiverWood Bank. Our CDs allow you to mature your money, so you can save for college, a home or other large purchase.

  • $500 minimum deposit to open a certificate account
  • Interest bearing deposit with rate based on term of certificate (contact a banker for rates)
  • Certificate accounts may be set up as Individual Retirement Accounts (IRAs)
  • Penalties apply if funds are withdrawn prior to the stated maturity dates

Additional Benefits

  • Bonus rates for Reward Checking customers on new certificates3

Learn More

Health Savings Account (HSA)

Our Health Savings Accounts function like a checking account, but earn interest like a savings account. You’ll have access to your money as needed to use for medical bills and other qualified medical expenses.

  • Earns daily interest, paid monthly (contact a banker for rates)
  • $500 minimum ledger balance required
  • $2.00 monthly if minimum balance not maintained
  • Monthly statement with free check safekeeping
  • Unlimited check writing

Additional Benefits

  • Competitive, tiered rates paid on daily collected balances
  • Required minimum balance and monthly service charge do not apply for Employer Sponsored Plans with RiverWood Bank. See banker for details .

Learn More

Still Have Questions?

Find FAQs, routing numbers and online banking tutorials in our Education Center.

1 Preauthorized withdrawals or transfers are limited to a combined total of six per account cycle.

2 Bonus rates cannot be combined with other special offers. Must open Reward Money Market Account to obtain Reward Money Market rates.

3 Bonus rate does not apply to CD specials.

 

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