Savings Accounts
Franklin Savings Bank offers a variety of FDIC insured savings accounts at competitive rates. | |
Whatever your savings needs, it’s your choice!
* Christmas Shopping * Vacation * Taxes * Loan down payment
* CD opening balance * Education expenses * … it’s your Choice!
- It’s also your choice for annual or semiannual disbursements.
- Annual disbursements are made on the last day of the month you choose—one per year.
- Semiannual disbursements (two per year) are made on the schedule you choose:
January & July
February & August
March & September
April & October
May & November, or
June & December
- Available in many payment classes: $5, $10, $20, $25, $30, $50, whichever best fits your needs, or you may choose your own payment amount.
- Avoid standing in line and enjoy the ease of savings—clubs are automatically renewed and club payments are automatically withdrawn from another FSB checking, savings or money market account (some restrictions apply)
- Additional payments are always welcome!
- Set up your deposits weekly, biweekly or monthly—whichever is most convenient for you
- Convenient quarterly statements
- Interest earned is paid at disbursement
- Fast access to your funds—your disbursement(s) are deposited right into your FSB checking, savings or money market account
- For early withdrawals, the $25 penalty fee is waived if your Choice Savings Club is used as a down payment for an FSB loan
The Statement Savings Advantage is an account that provides the convenience of an interest-bearing savings account with 24 hour banking capabilities. This account also provides you with monthly statements -- paper or environmentally-friendly e-Statements -- that help you keep track of your monthly activity. In addition, any customer under the age of 18 or over the age of 62 will not receive a monthly service charge if $10 daily balance is maintained.
 Interest earned on minimum daily balances when $100 daily balance is maintained for the statement cycle
- Earn a higher rate of interest when your balance reaches $5,000
- ATM card accessible
- Direct deposit
- Preauthorized transfers
- Only $10 to open account
- If balance drops below $100, there is a low monthly service charge of $1 ($10 minimum balance for customers requesting the special savings account for teenagers under 18 and customers over 62)
- Free I-Bank24 Online Banking & Phone24 Telephone Banking access
Health Savings Accounts (HSAs) offer a convenient, tax-deductible means to pay for qualified medical expenses with nontaxable distributions! If you have a high-deductible health plan (HDHP), an FSB HSA may be right for you. To find out more, click here for our online tutorial of Health Savings Accounts.
Franklin Savings Bank’s Health Savings Account offers a very competitive variable tiered interest rate with the convenience of no fixed maturity date. Other features include:
- Low opening deposit of $100
- Unlimited check writing with special HSA checks
- Free Debit Card with $1,000 daily Point of Sale (POS) limit
- Free I-Bank24 Online Banking & Bill Pay access
- Monthly statements
- The $2.50 monthly service charge applies only if the account balance drops below $2,500.
Teaching children the value of a sound savings plan can sometimes be a challenge. Franklin Savings Bank developed the "Kids' Account" to help you in meeting that challenge at the same time making it easy and fun for your child. The Kids' Account can be opened with as little as 50 cents. Additionally, with each 50 cent deposit, your child earns points which can be accumulated and exchanged for various prizes.
- Interest earned on daily balances of 50 cents or more for the calendar month
- Only $.50 to open account
- To encourage the development of a savings plan, this account does not incur service charges
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To find out more information about Franklin Savings Bank Savings accounts, please call one of our Personal Bankers at 1-800-FSB-4445 or (603) 934-4445, or complete our Information Request Form. |