At Chartway, we offer several savings accounts to suit your needs, in case you want short term or long term options or you’re saving a little or a lot.
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. Learn more about prime share savings accounts.
Custom Share Account
If you need a second share savings account, the Custom Share account is the way to go. Open for any amount and earn dividends when your average daily balance reaches $100.
Today’s Rates
| Dividends | APY1 | Balance Requirement | |
|---|---|---|---|
| Prime Share | 0.10% | 0.10% | $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.
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.
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. 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, we have a financial advisor who is ready to help you develop a retirement plan so you can secure your future.
Learn More About Financial Advisors
Here's some important fine print about your savings accounts:
Federal Reserve Regulation D restricts transfers from savings and money market accounts to no more than six per month. These transfers include overdraft transfers, pre-authorized ACH debits, phone transfers, online banking, and Call-24 telephone banking transfers. Need more every month? Try one of our checking accounts!
Open The Savings Account You Need
At Chartway, we offer many ways to help you save because we know saving money requires more than a one size fits all solution. 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.
