Personal Savings Accounts For Every Goal

Whether you’re saving for a rainy day or a big purchase like a home, Richwood Bank’s savings accounts make it easy to reach your goals. There are options for people who save a little or a lot, and specialized accounts to help with saving for retirement or a dream vacation.

Enjoy these great benefits with our traditional savings accounts:

Standard Savings Accounts

Simple Savings

CHOOSE IF

You want a basic savings account with no minimum balance requirements.

Highlights

  • No monthly fees or minimum balance
  • Competitive interest rates
  • Interest compounded daily
  • Six free withdrawals
  • Minor Program
  • $50 minimum deposit to open ($10 for minors)

Performance Savings

CHOOSE IF

You maintain a high balance and want to earn a higher return.

Highlights

  • Earn interest
  • No transfer or withdrawal limit
  • $2 monthly service charge
  • Eliminate service charge by opting to receive eStatements or maintain $10,000 minimum daily balance
  • $50 minimum deposit to open

Diamond Savings

CHOOSE IF

You want limited check writing privileges and our highest interest rates.

Highlights

  • Tiered rate structure
  • Unlimited deposits
  • Six free transactions per month
  • $15 monthly service charge
  • Eliminate service charge with $15,000 minimum daily balance or $20,000 average daily balance
  • $15,000 minimum deposit to open

Specialized Savings Accounts

Certificates of Deposit (CDs)

CHOOSE IF

You want to earn a high, fixed interest rate and don’t need immediate access to your funds.

Highlights

  • Better returns than most savings accounts
  • Competitive fixed rates
  • Interest compounded daily
  • Various terms to choose from
  • FDIC insured
  • $500 minimum deposit to open

Individual Retirement Accounts (IRAs)

CHOOSE IF

You want to start saving for retirement.

Highlights

  • Interest bearing accounts
  • Various rates and terms to choose from
  • Flexible packages
  • Deposits can be tax-free or tax-deferred
  • FDIC insured

Health Savings Account

CHOOSE IF

You have a high deductible health insurance plan and want to save for future medical expenses.

Highlights

  • No maintenance fee or minimum balance
  • Access funds online, via checks, or check card
  • Earn competitive interest rate
  • Contributions are tax deductible
  • Earnings are tax exempt

Christmas Club

CHOOSE IF

You want to avoid financial stress by saving all year for your Christmas shopping.

Highlights

  • Weekly coupons
  • Automatic account transfer
  • Receive funds November 1st
  • FDIC insured
  • Open with as little as $5

Vacation Club

CHOOSE IF

You want to enjoy a vacation free of financial stress by saving for your vacation all year round.

Highlights

  • Weekly coupons
  • Automatic account transfer
  • Receive funds May 1st
  • FDIC insured
  • Open with as little as $5

Make the Switch to Richwood Bank
Questions? Contact us at 740-943-2317