Savings

Savings accounts are a great way to earn a return on your money, while maintaining easy access to your cash. Savings accounts are also a great way to introduce your youngster to good savings habits that will provide them life long benefits.

Savings Account:

 Savings Rate Information: 

• The interest rate and annual percentage yield may change at any time.
• Interest will be compounded and credited to the account on the last business day of May and November.
• The daily balance method is used to calculate the interest on the account.  This method applies a daily periodic rate to the principal in the account each day.
• Interest begins to accrue on the business day noncash items are deposited (for example, checks).

Please contact an associate at the Swedish-American State Bank for the most current rate information.