Compare Classic Savings and Money Market Accounts
- Classic Savings
Start Saving Now. Get safety, convenience and immediate access to your money while it earns interest.
Apply now for a Classic Savings Account.
- Money Market Account
Earn interest on your collected balance with easy access to your funds and unlimited check-writing.
Apply now for a Money Market account.
|Classic Savings||Money Market|
|Minimum Opening Deposit||$100||$100|
|Minimum Account Balance||none||none|
|Requirements to Open||none||none|
|Monthly Maintenance Fee||$5||$10|
|Requirements to Avoid Monthly Fee||$100 minimum daily balance. Monthly maintenance fee may be waived for clients age 65 and older, clients under the age of 18, or students up to the age of 24.||Maintain an average daily balance $1,000 or more during the statement cycle.|
|Paper Statement Fee||$2.50||$2.50|
|Requirements to Avoid Paper Statement Fee||To avoid this fee, opt out of paper statements through our Online Banking service. Click here for more information. The paper statement fee may be waived for clients under the age of 18.||To avoid this fee, opt out of paper statements through our Online Banking service. Click here for more information.|
|Interest-Bearing Account(1)||yes: No minimum balance required to earn interest.||yes: No minimum balance required to earn interest. Interest rate is paid on collected daily balance(2)|
|Debit Items Fee||Excessive transaction fee - $2 per withdrawal over six per month (including ATM withdrawals)(3)||There is an excessive transaction fee of $25.00 per item for clients who exceed the limited six (6) transactions.|
(1) Fees may reduce earnings.
(2)Collected daily balance is the daily total of all cash and cleared checks that have been deposited into your account. Checks drawn on Nevada State Bank are considered cleared the same day they are deposited. Checks drawn on other financial institutions are not considered cleared until they are paid by the entity on which they are drawn, based on the latest Federal Reserve Bank availability (from 1 to 3 days). Once checks drawn on other financial institutions are paid by them, they become part of the collected balance.
(3) Federal regulations restrict the monthly debit transactions of savings accounts to no more than six (6) transfers per four-week or similar period. If account exceeds this limit, it will be converted to a non-interest-bearing account.