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Compare Accounts
Options |
Statement Savings Account |
Penny Savers Statement Savings Account |
Holiday Savings Club Account |
Sterling Money Market Account |
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Minimum Opening Deposit |
$100 |
$25 |
$0 |
$100 |
Minimum Balance |
$100 |
$0 |
$0 |
$0 |
Minimum Balance to Obtain APY |
N/A |
N/A |
N/A |
N/A |
Interest Compounding and Crediting Frequency |
Daily/Monthly |
Daily/Monthly |
Annually |
Daily/Monthly |
Maintenance Fee / Fees |
$5.00 if balance falls below $100 any day of the month, $1.00 for each withdrawal in excess of six during a month |
$0 |
$10.00 early closure fee if account is closed prior to November 1st |
$5.00 for each transaction in excess of six per monthly statement cycle |
Transaction Limitations* Fees may apply. Learn more below. |
Six*** |
Six*** |
No Partial Withdrawals* |
Six** |
Statements / Combined Statements |
Free paper or online statements with check images |
Free paper or online statements with check images |
Free paper or online statements with check images |
Free paper or online statements with check images |
Free Online Banking |
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Free Mobile Banking and Mobile Deposit |
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Transactions include deposits, checks paid, ACH Debits and Credits, ATM and POS Debits and Credits. |
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Enjoy These Additional Valued Services
AnchorStatement Savings Account
Account Details
Minimum opening deposit: $100.00
Interest will be compounded daily and credited monthly
Transaction Limitations: Limited*
Account Features
Debit Card: Free (ATM use only)
Combined Statements: Free
Online Banking: Free
*Transfers from a Statement Savings Account to another account or to third parties by preauthorized, automatic, telephone, or computer transfer or by similar order to third parties are limited to six per monthly statement cycle.
AnchorPenny Savers Statement Savings Account
(Customers 17 years of age or younger)
Account Details
Minimum opening deposit: $25.00
Interest will be compounded daily and credited monthly
Minimum balance to obtain the annual percentage yield disclosed: None
Monthly Maintenance Fee: None
Transaction Limitations: Limited*
Account Features
Combined Statements: Free
Online Banking: Free
*Transfers from a Statement Savings Account to another account or to third parties by preauthorized, automatic, telephone, or computer transfer or by similar order to third parties are limited to six per monthly statement cycle.
AnchorHoliday Savings Club Account
Account Details
Minimum opening deposit: $0
Minimum balance: $0
Interest will be compounded and credited annually
Account balance will be paid by check on November 1st every year
Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks)
$10.00 early closure fee if account is closed prior to November 1st
Partial withdrawals are not permitted
If you close your account before interest is credited, you will not receive accrued interest.
AnchorMoney Market Account
Account Details
Minimum opening deposit: $2,500.00
Interest will be compounded daily and credited monthly
Transaction Limitations: Limited*
Minimum balance to obtain APY: $2,500.00
Account Features
Check Imaging: Free
Combined Statements: Free
Online Banking and Bill Payment: Free
Minimum balance to avoid imposition of fees
A maintenance fee of $15.00 will be imposed every statement cycle if the balance in the account falls below $2,500.00 any day of the cycle.
*Transfers from a Money Market Account to another account or to third parties by preauthorized, automatic, telephone, computer transfer or by check, draft or by similar order to third parties are limited to six per monthly statement cycle.