Saving should be simple. At Altamaha Bank, it’s automatic — thanks to this free account that earns high interest.
Key Features
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Automatic Savings
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High Interest*
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No Monthly Maintenance Fees
- Free account that builds your savings effortlessly
- 2.25% APY* on balances up to $50,000
- 0.25% APY on balances over $50,000 resulting in a range of 2.25% to 0.92% APY depending on balance in account*
- 0.05% APY* if qualifications are not met
- No minimum balance to earn rewards
- No monthly maintenance fee
- Free digital banking services, including:
- Free online banking
- Free mobile banking
- Free eStatements
- $100 minimum deposit to open
Earning Your Rewards Is Easy!
To be eligible for this account, you must have an active Rewards or Rewards Interest Checking account and the Rewards Savings account must be enrolled in eStatements.
Qualification Information:
Account must be active and enrolled in e-Statements.
"Monthly Qualification Cycle" means a period beginning one (1) banking day prior to the first day of the current statement cycle through one (1) banking day prior to the last business day of the current statement cycle.
See our website or contact one of our branch service representatives for specific Monthly Qualification Cycle dates.
"Banking Day" means any day on which an office of the bank is open to the public for the purpose of carrying out substantially all of its banking functions or for processing.
"Business Day" means Monday through Friday and excludes weekends and legal holidays.
"Statement Cycle" means the period of time for which our bank provides a summary of the financial activities and transactions that post and settle to the accountholder's account. See our website or contact one of our branch service representatives for specific Statement Cycle dates.
Reward Information:
When your account qualifications are met during a Monthly Qualification Cycle, daily balances up to and including $50,000 in your Reward Savings account earn an APY of 2.25% and daily balances over $50,001 earn an interest rate of 0.25% on the portion of the daily balance over $50,001, resulting in a range from 2.25% to 0.92% APY depending on the account's daily balance.
When your Rewards Savings account qualifications are not met, the entire daily balance in the Rewards Savings account earns an interest rate of 0.05% resulting in an annual percentage yield of 0.05% APY.
Interest will be credited to your Rewards Savings account on the last day of the current statement cycle.
APY = Annual Percentage Yield.
APYs accurate as of 6/01/2024.
APY calculations are based on an assumed balance of $50,000 + $100,000 in your Rewards Saver account and an assumed statement cycle of thirty-one (31) days
Rates, rewards, and bonuses, if any, are variable and may change after account is opened; rates may change without notice to you. No minimum balance is required to earn or receive the account's rewards. Rewards less than a penny cannot be distributed. Fees may reduce earnings.
Additional Information:
Account approval, conditions, qualifications, limits, timeframes, enrollments, log-ons and other requirements apply.
$100.00 minimum deposit is required to open the account.
Enrollment in electronic services (e.g. online banking, e-statements) and log-ons are required to meet some of the account's qualifications.
Limit of one account(s) per account holder
There are no recurring monthly maintenance charges or fees to open or close this account.
This account is not to be used for commercial purposes. If the account is closed, you will forfeit any rewards that have not been credited to your account.
High-rate claims are based on FDIC's National Weekly Rates for interest checking accounts. Claim is independent of any one institution's offerings. Comparison Source: Interest Checking, FDIC 8/11/2023. http://www.fdic.gov/regulations/resources/rates/.
Contact one of our bank service representatives for additional information, details, restrictions, reward calculations, processing limitations, cycle dates and enrollment instructions.
Member FDIC.