Personal Savings Accounts

Looking for a savings plan to meet your needs & goals?
We have great options to help!
 

All McFarland State Bank Savings Plans feature:

  • Unlimited deposits with no applicable transaction fees.
  • Online Banking and mobile banking.1
  • Up to 6 withdrawals or transfers to another account per statement cycle. 2 


Contact Us for a complete list of current interest rates.

Account Name

Features

Requirements

Service Charge
Signature Savings
 High-yield interest on balances up to $250,000.003,4,5,6 
  • Minimum opening deposit: $10,000.00
  • Average daily balance: $10,000.00
  • Active Signature checking account
  • Visit any of our convenient locations to open account
$10.00/month if requirements not met
 
SMART Savings
An online-only account with a GREAT rate!
SMART Savings offers you earning power with easy access to your cash.
Initial Interest rate: 1.52% Annual Percentage Rate (APR) 3,4,8
 
 
NOTE: If you are an existing customer, please login to Online Banking and click on the "+ Open a new account" at the bottom of your Home page.
  • ONLY available online - click HERE to get started!
  • Minimum opening deposit: $1,000.00 of new money to McFarland State Bank
  • Minimum daily balance: $1000.00
$25.00/month if requirements not met
Key Savings
High yield interest on balances up to $250,000.003,4,5,6
 
 
NOTE: If you are an existing customer, please login to Online Banking and click on the "+ Open a new account" at the bottom of your Home page.
  • Minimum opening deposit: $5,000.00 of new money to McFarland State Bank
  • Average daily balance: $200.00
$3.00/month if requirements not met
Advantage Savings
A savings product that takes your interest even higher! 
Initial Interest rate: 1.27% Annual Percentage Rate
(APR) 3,4,8
  • Minimum opening deposit: $25,000.00
  • Minimum daily balance: $25,000.00
  • Visit any of our convenient locations to open account
$25/month if requirements not met
Statement Savings
A classic approach to saving. This account offers ease of entry with a low minimum balance requirement.3,4,5
 
 
NOTE: If you are an existing customer, please login to Online Banking and click on the "+ Open a new account" at the bottom of your Home page.
  • Minimum opening deposit: $100.00
  • Average daily balance: $200.00
 $3.00/month if requirements not met
Children's Savings
 Encourage savings early to form a life-long habit for financial fitness.3,4,5
  • Minimum opening deposit: $10.00
  • Present child's social security card for verification
  • Visit any of our convenient locations to open account
 Waived until age 18
Christmas Club Savings
Put a little money away throughout the year to avoid overwhelming expenses at holiday shopping time.4,6,7
  • Interest on balance paid annually in mid-October
  • Funds for full balance in account can be automatically credited to your MSB checking or savings account.

 
NOTE: If you are an existing customer, please login to Online Banking and click on the "+ Open a new account" at the bottom of your Home page.
  • Minimum opening deposit: $25
None
Health Savings Account (HSA)
Looking for a financial account to help you save for future medical expenses? 3,4,5
If you qualify for an HSA (click here to learn more) , simply stop in and we’ll help you establish your account.

Visit our Online Education Center for a tour of the HSA features and benefits.

Tour HSA now!
  • Minimum opening deposit: $25
None
  1. Message and data rates may apply.
  2. Federal regulations limit withdrawals by check, debit card, preauthorized electronic or telephone transfer to six per month. If seven or more withdrawals and/or transfers are made within the monthly cycle, a service charge will be assessed on each transaction beginning with the seventh withdrawal and/or transfer. Fees vary per account.
  3. Interest on your balance is compounded and credited quarterly.  
  4. Account is a variable rate product.
  5. At our discretion, we may change the interest rate on your account. We may change the interest rate on your account as often as daily. 
  6. Account is a tiered rate product.
  7. Your initial interest rate will not change prior to 12/31/18. We may change the interest rate on your account at that time and as often as daily thereafter.
  8. Your initial interest rate will not change prior to 10/31/18. We may change the interest rate on your account at that time and as often as daily thereafter.