Statement Savings

Homestead Savings strongly encourages everyone to save for the future. Whether for a down payment on a home, future college expenses, planning for retirement… We have a saving option available to help you meet your goals. Our “Statement Saving” option offers the following:

  • Earn a competitive rate of interest on your average collected balance
  • Avoid a $3 monthly maintenance fee by maintaining a $200 minimum daily balance
  • Make up to six pre-authorized withdrawals per month
  • Interest paid quarterly
  • ATM card
  • Online banking and E-statements
""
1
Full Name
Phone Number
Message
0 /
Previous
Next
Send us a message

Market Rate Savings

For customers who may maintain a higher daily balance, we offer our “Market Rate Saving” option which provides:

  • A higher rate of interest than our Statement Saving product
  • Rates are tiered based on your balance – the higher the balance, the higher your rate may go
  • Avoid a $25 monthly maintenance fee by maintaining a $10,000 minimum daily balance
  • Make up to six pre-authorized withdrawals per month
  • Interest paid monthly
  • ATM card
  • Online banking and E-statements

Christmas Club

If you’re tired of paying for your holiday expenses well into the new year we offer a “Christmas Club” to help make sure you’re prepared

  • Deposit any amount you choose at any time, making it easier to budget your holiday savings plan
  • Funds are withdrawn from the account every October 31, put into check and mailed to you
  • Minimum opening balance is $10

Certificate of Deposit

If you have an amount to invest and prefer FDIC coverage we offer a “Certificate of Deposit” option.

  • Terms available from three months to five years
  • The longer you invest the higher the interest rate
  • Monthly compounding of interest is available
  • Minimum opening deposit is $1,000