Personal Savings

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

to the finish line.

Whether you are saving for vacation, college, retirement, or a special occasion, we offer you a range of flexible options to help you safeguard and grow your money.

  • Money Market Account: A money market account gives you the flexibility of writing checks and rewards you with tiered interest. The higher your balance, the more interest you earn.
  • Statement Savings: Open your account with just $100 and watch your savings grow!
  • Junior Savings: An account designed to help our younger generation build their savings, our junior savings account can be opened with just $25.
  • Christmas Club: With just an opening deposit of $10, you can build your annual Christmas savings regularly and painlessly!

 Product

Minimum balance requirement

Interest bearing

Minimum to open

Below minimum balance service charge

Money Market Deposit Account*

$2,500

Yes, with tiered rates

$50

$5

Statement Savings**

$100

Yes

$100

$5

Junior Statement Savings^

$25

Yes

$25

None

Christmas Club

None

Yes

$10

None

*The first 50 checks are free when you open an account.

**You may make six (6) preauthorized or automatic transfers or withdrawals from your account each monthly statement cycle or similar period, including ACH, bill pay, online banking transfers and transfers by check, debit card or similar order payable to a third party. In addition to the above transactions, you may make unlimited withdrawals in person at any of our locations, by mail, messenger, or at an ATM. Fees incurred may reduce account earnings.

^Service Charge will be waived until the child reaches the age of 18.

Additional fees and terms apply. For more details, our Product and Service 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 $5,500 or 100% of participant’s annual income. A working spouse can contribute $5,500 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.

Go To Top