Savings
There’s nothing more rewarding than making your money work for you. So when you open a Summit Bank & Trust savings account, you can rest assured your money will work hard ... earning a COMPETITIVE rate of return. Plus, you can take comfort in knowing your hard-earned money is safe, because, it is insured by the FDIC.
Your savings are now federally insured up to at least $250,000 per depositor through December 31, 2013.
Regular Statement Savings Account
For a low minimum balance, our Regular Statement Savings account allows you to save for your everyday financial goals. Open your account with $100 (waived for minors) and maintain a $100 balance to avoid a monthly service charge.
High Yield Savings Account
Maximize your return and maintain flexibility. This type of account is a good option if you plan to maintain a higher balance and want to earn a better rate than a regular savings.
The High Yield Savings account may be opened with a deposit of $10,000 or more. Make transfers to and from your Summit Bank & Trust checking account via Online Banking. A monthly service charge will be assessed if the minimum daily balance falls below $10,000.
All of our savings and money market accounts have ATM access via a debit card with a Summit Bank & Trust checking account. Transactions are limited to six per month at no cost. You may incur a per-transaction fee after the sixth. For money market accounts, no more than three transactions may be third party checks.
Money Market Account
Enjoy the benefits of a savings account, plus the convenience of writing up to 6 checks per month. Maintain a minimum balance of $2,500 to avoid a monthly service charge fee.
Premium Money Market
For a money market that offers more, deposit $25,000 into our Premium Money Market account and earn a premium rate while enjoying convenient access to your money. A hassle-free account with no minimum balance, no monthly service charge, and check writing capability.
Holiday Savings
- $10 to open
- No monthly fee
- Interest will be paid annually on October 31st
Certificates of Deposit
- Interest compounded semiannually
- Variety of terms available
- $1,000 required to open*
- Combined statement available
- View your account 24/7 through Online Banking
- Free 24-Hour Telephone Banking with Answerline
*does not apply to promotions
Individual Retirement Accounts
An individual Retirement Account offers you a sure way to save for a comfortable retirement and is a valuable tax-planning tool. Transfer funds from a previous employer’s retirement plan that you want to roll into an IRA. We offer Traditional, Roth, and Education IRAs. You can choose from any of our Certificates of Deposit or IRA plans to meet your IRA investment needs.
