Personal Savings

Saving money is a marathon, not a sprint. Let us cheer you on

to the finish line.

 Product

Minimum balance requirement

Interest bearing

Minimum to open

Below minimum balance service charge

Kasasa Saver

No

Yes

$100

None

Money Market Account

$2,500

Yes

$50

$5

Statement Savings

$100

Yes

$100

$5

Junior Savings

None*

Yes

$25

None

Christmas Club

None

Yes

$10

None

  • Kasasa Saver: Earn bonus interest rates**
    • Bonus rates paid on balances up to $50,000**
    • Bonus rates paid on portion of balances greater than $50,000**
    • Must be tied to Kasasa Cash or Kasasa Cash Back
    • Minimum opening deposit $100
    • No minimum balance after opening
    • No monthly maintenance fee
    • Free online banking and mobile bank
    • Free eStatements
  • Money Market Account: The flexibility of writing checks while earning a competitive rate of interest. 
    • Tiered interest rates
    • Minimum opening deposit $50
    • $2,500 minimum balance
    • $5 fee if balance falls below $2,500
    • Free online banking and mobile banking
    • Free eStatements
    • Free MasterCard debit card
    • Thirty days after account opening to reach minimum balance requirement
  • Statement Savings: Watch your savings grow.
    • Earns interest
    • Minimum opening deposit $100
    • $100 minimum balance
    • $5 fee if balance falls below $100
    • Free eStatements
  • Junior Savings: Designed to help our younger generation build their savings.
    • Earns interest
    • Minimum opening deposit $25
    • No minimum balance until age 18
    • Service charges waived until 18
    • Free eStatements
  • Christmas Club: Build your annual Christmas savings regularly. 
    • Earns interest
    • Minimum opening deposit $10
    • No minimum balance
    • No monthly maintenance fee
    • Free eStatements

*Service charges are waived on Junior Statement Savings acounts until accountholder reaches age 18.

**Higher rates paid when qualifications are met on Kasasa Cash or Kasasa Cash Back. Qualifications include: at least one direct deposit or ACH payment transaction; at least 12 debit card purchases, each $5 or more; and enrollment in eStatements. Accounts that do not meet qualifications will earn a lower rate of interest. Qualifying transactions must post and settle during monthly qualification cycle. Transactions may take one or more banking days from the date transaction was made to post and settle to account. ATM-processed transactions do not count toward qualifying debit card transactions. "Monthly qualification cycle" means a period beginning one day prior to the first day of the current statement cycle through one day prior to the close of the current statement cycle. Transfers between accounts do not count as qualifying transactions.

Kasasa, Kasasa Cash, Kasasa Cash Back, and Kasasa Saver are trademarks of Kasasa, Ltd., registered in the U.S.A.

Additional fees and terms may apply. For more details, our fee schedule is available upon request.

Certificates of Deposit (CD)

Receive guaranteed earnings at competitive rates, we offer maturities from 3 – 60 months to help you reach your long-term and short-term goals.

Certificate Terms

Minimum to Open

3 Months

$2,500

6 Months

$2,500

12 Months

$1,000

12 Months - No Penalty

$2,500

24 Months

$1,000

36 Months

$1,000

60 Months

$1,000

Important Notes:

  • At Skyline National Bank, all certificates of deposit will auto-renew at maturity.
  • The penalties for early withdrawal are three months’ interest on 3, 6, and 12- month CDs; and six months’ interest on 24, 36, and 60- month CDs.

Individual Retirement Accounts (IRA)

Traditional and Roth IRA terms

Minimum to open

12-Month IRA - Flexible

$25

12-Month ROTH IRA - Flexible

$25

24-Month IRA - Single Deposit

$500

24-Month ROTH IRA - Single Deposit

$500

36-Month IRA - Single Deposit

$500

36-Month ROTH IRA - Single Deposit

$500

60-Month IRA - Single Deposit

$500

60-Month ROTH IRA - Single Deposit

$500

Important Notes:

  • All Skyline National Bank IRAs will auto-renew at maturity.
  • Annual contribution limits apply*.
  • The penalties for early withdrawal are three months’ interest on the 12-month IRA and ROTH IRA; and the penalty is six months’ interest on 24-, 36-, and 60-month IRAs and ROTH IRAs.

*Annual contributions are limited to the lesser of $6,000 or 100% of participant’s annual income. A working spouse can contribute $6,000 for a non-working spouse. An individual who attains age 50 before the close of a taxable year may contribute an additional $1,000 "catch-up" contribution for that taxable year.

Additional fees and terms apply. For more details, our Product and Service fee schedule is available upon request.

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