Savings / Money Market
Having a Savings Account or Money Market Investment Account means you can have cash ready when you need it whether you’re planning a big vacation or just want to be ready for an emergency car repair.
Savings Accounts
Key Features- Unlimited deposits in person, through the drive through, or BSV mobile app
- Automatic transfers from your savings account toward BSV loan payments
- ATM and in-person withdrawals
- Transfers to other BSV checking and savings accounts
- Funds can be deposited through direct deposit, retirement funds, or from a government agency
- Only two withdrawals allowed per month, including ATM and in-person
- Regulations limit transfers from a savings account to another account or to third parties by preauthorized, automatic, NetTeller, telephone transfers, check, draft, debit card, or similar order to third parties to six per calendar month
Money Market Accounts
Key Features- Higher interest rates than regular savings accounts
- Four levels of tiered interest rates to maximize your earnings
- As your account balance increases, so does your interest rate
- Available to individuals and non-profit organizations
- No limit on the number of in-branch transactions each month
- Maintaining the required minimum balance waives any monthly service charge
- Image Statements are provided automatically
- Regulations limit transfers from a money market account to another account or to third parties by preauthorized, automatic, NetTeller, telephone transfers, check, draft, debit card, or similar order to six per statement cycle.
- There is a fee for each withdrawal over the legal limit