Savings

Saving money shouldn’t be complicated. That’s why we offer three easy-to-use savings accounts- one of which is sure to fit your needs.

Regular Savings

Our basic savings account features tiered interest rates and a low minimum balance requirement to avoid service charges.

Easy Access Savings

Link your SBW savings account to a Debit MasterCard® and enjoy the convenience of making purchases anywhere MasterCard® is accepted.

Minor Savings

Designated for children 17 and younger, this account features no monthly service charges and no minimum balance requirements.

Regular SavingsEasy Access SavingsMinor Savings
Service Charge$2 (if balance <$100)$2 (if balance <$100)None
Interest RateTiered/ VariableVariableTiered/ Variable
Debit CardNoYesNo
Internet BankingYesYesYes
Mobile BankingYesYesYes
TellerPhone AccessYesYesNo

Savings Rates

as of 1/16/2019 at 10:38 pm

Product Minimum Balance to Earn Interest Interest Rate Annual Percentage Yield
Christmas Club $0 0.25% 0.25%
Easy Access Savings $100 0.20% 0.20%
Minor Savings $0 0.20% 0.20%
Minor Savings $2,500 0.20% 0.20%
Minor Savings $20,000 0.25% 0.25%
Minor Savings $50,000 0.25% 0.25%
Minor Savings $100,000 0.25% 0.25%
Minor Savings $250,000 0.30% 0.30%
Regular Savings $100 0.20% 0.20%
Regular Savings $2,500 0.20% 0.20%
Regular Savings $20,000 0.25% 0.25%
Regular Savings $50,000 0.25% 0.25%
Regular Savings $100,000 0.25% 0.25%
Regular Savings $250,000 0.30% 0.30%

Christmas Club Account

Trying to save money for the holidays or for a specific purchase? A Christmas Club Account allows you to make weekly deposits via an automatic transfer from another account.  Early each fall we will send a direct deposit to your SBW account or an external account that includes your deposits made during the year and the interest earned at maturity.

  • No service charges
  • Interest is paid at maturity
  • Electronic payout at maturity with direct deposit
  • Account renews automatically at maturity
  • Internet Banking access