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
FDIC deposit insurance temporarily increased from $100,000 to $250,000 per depositor through December 31, 2013. All deposits above the FDIC limit are insured in full by the Depositors Insurance Fund.
Beginning January 1, 2010 The Savings Bank will no longer participate in the FDIC’s Transaction Account Guarantee Program. Thus, after December 31, 2009, funds held in non-interest bearing transaction accounts will no longer be guaranteed in full under the Transaction Account Guarantee Program, but will be insured up to $250,000 under the FDIC’s general deposit insurance rules.
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