The Savings Bank - Personal Banking

Checking Accounts

Everyone has different needs when it comes managing a checking account. At The Savings Bank, you'll find a selection of checking products that lets you decide which account works best for your needs. Whether it's no minimum balance and no fees, or higher yields, you'll find what you need at The Savings Bank.

	eChecking	Free Checking	Interest Checking	Premium Checking
Interest	Yes*	No	Yes*	Premium Tiered
Minimum Balance	None	None	None	None
Monthly Maintenance Fee	None	None	$7.50/month	$15/month
Waive Monthly Maintenance Fee	n/a	n/a	No charge with minimum daily balance of $500	No charge with combined minimum daily balances of $25,000
Check Writing	6 checks per statement cycle allowed. $0.50 per check if limit is exceeded.	Unlimited	Unlimited	Unlimited
ATM/Debit Card	Free	Free	Free	Free
ATM Fees	TSB fees waived at all ATMs. We will reimburse up to $6 per statement cycle for surcharges assessed by other banks. To avoid surcharges altogether, use SUMsm program affiliated ATMs.	Free unlimited access at TSB ATMs. TSB fees waived at all ATMs with Direct Deposit. To avoid surcharges from other banks, use SUMsm program affiliated ATMs.	Free unlimited access at TSB ATMs. TSB fees waived at all ATMs with Direct Deposit. To avoid surcharges from other banks, use SUMsm program affiliated ATMs	Free unlimited access at TSB ATMs. TSB fees waived at all ATMs with Direct Deposit. To avoid surcharges from other banks, use SUMsm program affiliated ATMs
Free Online Banking	Required	Optional	Optional	Optional
Bill Pay & Bill Presentment	Free	Free	Free	Free
Money Reserve Overdraft Line of Credit	Optional- Available to qualified applicants	Optional- Available to qualified applicants	Optional- Available to qualified applicants	Optional- Available to qualified applicants
eStatements	Required**	Available	Available	Available
Bonus CD Rate	No	No	No	Yes

* No interest is accrued on any day that the balance is less than $10.00.
**Paper statement fee of $5.00.

Deposit Insurance Statement – Effective Immediately

Each depositor insured to at least $250,000 by FDIC. All deposits above the FDIC limit are insured in full by the Depositors Insurance Fund.

NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS

All funds in a "noninterest-bearing transaction account" are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010 through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC's general deposit insurance rules.

The term "noninterest-bearing transaction account" includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes Interest on Lawyers Trust Accounts ("IOLTAs"). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, money-market deposit accounts.

For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.

Checking Accounts

Related Links