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Personal Savings

There are things in life are worth saving for.  AuburnBank has a variety of accounts that will help you make the most of your money.  Because you matter, we offer various savings, money market accounts and certificates of deposit that will help you reach your goals.

Contact an AuburnBank representative to help you select the savings account that best meets your needs.
 

Account: Money Market Regular Savings Minor Savings FirstTime or SecondChance Savings
Description Earn high rate of return on a liquid account. A great way to save and still have direct access to your cash. Available to children 18 or younger.  Minors learn the importance of saving. Account converts to a Regular Savings account at age 19. A savings account for qualifying homebuyers that offers tax savings on the deposits and interest earned3.
Opening Balance $2,500 $100 $0 $100
Monthly Service Charge $9.00 if the balance falls below $2,500.00 any day of the 1 month statement cycle. $3.00 if the balance falls below $100.00 any day of the 1 month statement cycle. No Charge $3.00 if the balance falls below $100.00 any day of the 1 month statement cycle.
Monthly Service Charge Waived Account balance is > $2,500 during the 1 month statement cycle. Account balance is > $100 during the 1 month statement cycle. N/A Account balance is > $100 during the 1 month statement cycle.
Interest Bearing Yes1 Yes1 Yes1 Yes1
Electronic Statements Recommended2 Recommended2 Recommended2 Recommended2


1Interest rates paid on Money Market and Savings accounts are variable rates and may be changed at any time at the discretion of AuburnBank.

2Customers who enroll to receive Electronic Statements will receive an e-mail notification stating their monthly account statement is ready for viewing on the secured AuburnBank Online Banking site. Customers who receive Electronic Statements may request Tax Statements and Images as needed.

3Deductions for deposits only apply to your income for state tax purposes. Interest earned is still subject to any applicable federal taxes.  This is general information only and is not intended and should not be construed to be legal or tax advice.  Questions should be directed to a qualified legal or tax professional.  For more information, visit https://www.alabamarealtors.com/consumer/first-time-homebuyer.

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