Savings Account
If you want to save for big adventures or small goals, this is the account for you. Deposits earn a competitive rate and, to make saving even easier, you can set up automatic electronic transfers.
BSV’s Personal Savings Offers You:
- 24/7 mobile and online banking
- Debit card with BSV Checking Account
- Money transfer between accounts with online banking
- Telephone banking with Telebank
- Go green with paperless statements
- Access to local BSV bankers
- Call any branch location and speak with a person
Earning Interest:
- Competitive Annual Percentage Yield
- Low minimum balance to avoid monthly service charge
Accessing Your Money:
- Able to withdraw funds from an ATM with a BSV checking account and debit card
- Online banking and mobile app available
- Make electronic transfers from BSV Checking to Savings with online banking
- 15 branch locations
Reaching Your Goals:
- The easy, flexible way to set and track short and long-term savings goals
- Save by setting up automatic transfers from checking on mobile app
- Accounts available for minors (under 18 years of age) with no monthly service charge or minimum balance requirement
Money Market Account
Saving money becomes more powerful with tiered interest rates in a BSV Personal Money Market account. Take advantage of this easy way to make your money work for you.
Every BSV Personal Account Offers:
- 24/7 mobile and online banking
- Money transfer between accounts with online banking
- Telephone banking with Telebank
- Go green with paperless statements
- Access to local BSV bankers
- Call any branch location and speak with a person
- Zelle® for making and receiving payments
Works Like a Checking Account:
- Limited check writing
- Uses tiered interest rates that pay more for higher balances than a standard savings account
- Access funds at any time unlike with longer term investments
- Easy to access money by a transfer of funds to Personal Checking account via mobile or online banking
Certificates of Deposit (Time Deposits)
A great way to boost savings is with a Certificate of Deposit (CD). Leverage your savings in an account that uses a higher rate of return in a manageable time frame.
Access and Notices:
- 24/7 access with online and mobile banking
- Go green with paperless notices
Earning Interest:
- Higher yielding investment opportunity
- Low minimum balance needed to open an account
- CDs typically pay higher interest rates than other deposit products
- Interest rate is set at opening so customers can calculate how much they will earn when the CD matures
- CDs offer flexible terms of 6–60 months
- Automatic renewal
Smart Investment:
- Various terms to select from
- Follow the account online or on mobile app
IRAs
Saving for retirement is a smart move for the future and you can start with an Individual Retirement Account (IRA) with BSV. Depending on the type of IRA account you choose, your money can grow on a tax-deferred or tax-free basis.
Choice of Three Types:
- A traditional IRA is a tax-deferred retirement savings account
- A Roth IRA is a tax-free retirement savings account
- A SEP IRA is a simplified employee pension tax-deferred retirement savings account that is set up by a business owner or self-employed person for themselves and any employees
Invest in Your Future:
- Competitive interest rates
- Daily compounding
- Automatic distributions available (when account qualifies)
Advantages to an IRA:
- Flexible terms from 12–60 months
- Automatic renewal
- Low minimum amount to open account
- Available as a Variable Rate IRA that allows monthly deposits for budgeting savings
Access and Notices:
- 24/7 access with online and mobile banking