Prime Share Savings Account
The Chartway Prime Share Savings account is your first step toward taking advantage of all the accounts, loans, and services that we offer. You can open your account and start your membership for as little as $5 and you’ll remain a Chartway member for as long as your account is active. Once you hit an average daily balance of $100, you begin earning dividends on your money to encourage growth.
With up to six monthly transfers for overdraft, ACH debits, and online or telephone deposits, you can still access your hard-earned money when you need it most. Learn more about prime share savings accounts.
Custom Share Account
Keeping all of your money in one savings account can feel disorganized if you have multiple competing financial goals. It can be hard to differentiate between your summer vacation savings and your savings for the holidays. Having a second savings account can help keep your savings goals in order.
If you need a second share savings account, the Custom Share account is the way to go. You can open an account with $5 and earn dividends when your average daily balance reaches $100. Learn more about Custom Share Saving Accounts.
Today’s Rates
| Dividends | APY1 | Balance Requirement | |
|---|---|---|---|
| Prime Share | 0.05% | 0.05% | $100.00 |
| Custom Share | 0.05% | 0.05% | $100.00 |
| Business Prime Share | 0.05% | 0.05% | $100.00 |
| 1APY = Annual Percentage Yield. Fees could reduce earnings on the account (applies only to maintenance or activity fees). | |||
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Share Certificates
A share certificate is a great way to save your money while watching it grow with competitive interest rates. It offers flexible terms from six months to 71 months so you can reach your short term or long term savings goals.
If you have a specific target in mind, you can set your share certificate maturity date to the date when you will use your funds. Since you can’t access your money before the maturity date without paying a penalty, it should be easier for you to skip dipping into your savings unnecessarily.
The flexibility and high-interest rates make this a prime savings option for you, whether you will be saving for a few months or years to come. Learn More about Share Certificates.
Money Market Account
A money market account gives you the option to save with the benefit of a high-interest rate, similar to a share certificate. However, this account is different because you can access your money without paying a penalty. Many accounts will charge a fee if you withdraw your money before the set maturity date, but this isn’t the case with a money market account.
Keep in mind that as you save more, your interest rates increase. So, even though you have access to your money as needed, it’s to your benefit to let the balance build so you can achieve more considerable savings. Learn More about Money Market Accounts.
Save as little as $2,500 up to $100,000 or more.
Retirement Options
Saving for retirement should be a must, no matter your place in life. Store your money away safely and receive tax-free growth on your assets. We’ll work with you to see how a Traditional IRA or Roth IRA fits into your retirement plan.
Regardless if you’re in your 20s or 50s, a financial advisor can offer guidance on developing an overall investment strategy, asset allocation, minimizing taxes, rebalancing, and how to structure withdrawals from your retirement accounts. We have a financial advisor who is ready to help you develop a retirement plan so you can secure your future.
Savings Account Comparison
| Withdrawal penalty | Dividends | APY1 | Balance Requirement | Monthly Fess | |
|---|---|---|---|---|---|
| Prime Share | Max. of 6 monthly | 0.05% | 0.05% | $100 | $0 |
| Custom Share | Max. of 6 monthly | 0.05% | 0.05% | $100 | $0 |
| Share Certificate | Yes | 0.10% - 0.65% | 0.10% - 0.65% | $100 | $0 |
| Money Market | Max. of 6 monthly | 0.00% - 0.40% | 0.05% - 0.40% | $2,500 | $0 |
| IRA | Varies | 0.25% | 0.25% | $100 | $0 |
| 1APY = Annual Percentage Yield. Fees could reduce earnings on the account (applies only to maintenance or activity fees). | |||||
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Why Open a Savings Account With Chartway?
At Chartway, we offer many ways to help you save because we know saving money requires more than a one size fits all solution. No matter which option you choose, all savings accounts with chartway include:
- Competitive dividend rates
- Federal insurance
- Zero administrative fees
Whether your goal is to save for retirement, plan for the holidays, or put aside money for a special occasion, we have something for you.
