Savings Accounts
All Savings Accounts Feature:
- Free Debit card*
- Free Online Banking
- Free Bill Pay
- Free Mobile Banking with Mobile Deposit
- Free eStatements with online check images
Simple Savings
Minimal fees. Maximum benefit.
Whether you’re starting to save or developing consistent saving habits, the Simple Savings account is tailored to you. Your savings can grow safely while staying easily accessible.
- $25 minimum initial deposit
- $1 monthly service fee if balance is less than $100
- Limit of six withdrawals and/or transfers per month ($2 Per additional withdrawals and/or transfers)
- Competitive interest rate
Money Market
For the seasoned saver.
This account is designed for those building or securing nest eggs. A blend of tiered money market interest levels and convenient access creates an enjoyable saving experience.
- $25 minimum initial deposit
- $5 monthly service fee if balance is less than $2,500
- Debit card
- Limit of six withdrawals and/or transfers per month ($10 Per additional withdrawal and/or transfers)
- Tiered interest
Holiday Helper
Think ahead!
With the Holiday Helper account, you can put aside individual contributions or automatic monthly deposits throughout the year. In October, we’ll deposit your funds directly into your Field & Main account – just in time for hassle-free holiday shopping.
- $5 minimum initial deposit
- No monthly service fee
- Interest – Paid on balance at maturity
- No withdrawals permitted. Early withdrawal will result in $10 penalty and account closure
*ATM cards are not offered on this account.
Certificates of Deposit
Set aside funds to withdraw on a specified date to prevent unnecessary spending.
A certificate of deposit, or CD, is a savings tool that has a fixed or variable interest rate and fixed date of withdrawal, known as the maturity date. In order to qualify as a time deposit, a CD must have a penalty for early withdrawal.
Why your business might benefit from a CD:
CDs are beneficial when your business won’t need access to your saved cash during the duration of the term length. With competitive rates and a variety of term lengths, CDs are a great way to grow your savings and plan for the future.
Savings Accounts FAQs
No matter what your goals are, saving should be simple. Below are some answers to the most common questions we receive about savings accounts.
Do savings accounts cost money, or, are there fees?
To avoid any fees, you simply need to keep a balance of at least $100 in your account and be sure to not make withdrawals more than six times per month. A maintenance fee of $1.00 will be imposed every month if the balance on the account falls below the $100.00 minimum. Savings accounts must have fewer than 6 withdrawals or transfers a month. An excess withdrawal fee of $2.00 will be charged for each withdrawal in excess of 6 per month.
Do savings accounts offer check writing capabilities?
Our Money Market accounts offer check writing capabilities, but our Simple Savings and Holiday Helper do not.
Do you offer a savings account for kids, or a young savers account?
We do not offer a young savers account; however, our Simple Savings Account is perfect for kids who are savvy savers! A minimum of $25 is required to open the account, and after the first month, a $100 minimum is required. A maintenance fee of $1.00 will be imposed every month if the balance on the account falls below the $100.00 minimum.
How many withdrawals are allowed per month?
You are allowed 6 withdrawals per month from your savings account. After 6 withdrawals, there is a $2 fee per withdrawal. The 6-withdrawal limit would include any automatic payments that are set up, debit card transactions, and automatic funds transfers or sweeps into another account.
Will the interest rate change on my savings account? What is the rate?
Our rates are subject to change at any time. Please call a Relationship Banker for the latest savings rates.
How is interest paid?
Our rates are subject to change at any time. Please call a Relationship Banker for the latest savings rates.
How is interest paid?
Interest will be compounded monthly and credited to your account monthly.
Can I get a debit card with a savings account?
You may have a debit card with our Simple Savings or Money Market accounts which you can also use to withdraw from an ATM. Keep in mind however, that any time you use your debit card it counts toward the 6-withdrawal limit for savings and Money Market accounts.
Can I set this account up to cover my checking account in case of an overdraft?
Yes, there is a simple agreement we will need you to sign to get this set up. Keep in mind however, that any time you use your debit card it counts toward the 6-withdrawal limit for savings and Money Market accounts.
Start Saving Simply
Field & Main Bank® was designed to feel different. Because of that, setting up your savings account is effortless and streamlined. So give us a call at 1-888-831-1500, come in and see us, or contact us!
