Savings Products

We’re prepared to work with you. To listen. To ask questions. And, most importantly, to provide solutions. A savings account can be an important investment tool and an integral part of your overall financial picture.

Regular Savings

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Requirements:

$100 minimum deposit to open account.

Features

  • No monthly maintenance fee when you maintain a $500.00 average daily balance.
  • Interest compounded daily, credited monthly.
  • ATM card available.
  • OptimumBank does not charge any ATM transaction fees to its customers.
  • Monthly Statement with EFT/ACH activity, otherwise quarterly.
  • FDIC Insured.

Fees:

$10.00 monthly maintenance fee.

Restrictions:

Transaction limitations. During any monthly statement cycle, you may not make more than six withdrawals or transfers to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction, computer transfer, or by similar order to a third party.

 

Optimum Savings

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Requirements:

$100 minimum deposit to open account.

Features:

  • No monthly maintenance fee when you maintain a $5000.00 average daily balance.
  • Interest Rate tiered by account balance, compounded daily, credited monthly.
  • ATM card available.
  • OptimumBank does not charge any ATM transaction fees to its customers.
  • Monthly Statement with EFT/ACH activity, otherwise quarterly.
  • FDIC Insured.

Fees:

$15.00 monthly maintenance fee.

Restrictions:

Transaction limitations. During any monthly statement cycle, you may not make more than six withdrawals or transfers to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction, computer transfer, or by similar order to a third party.

 

Certificates of Deposit

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Requirements:

$1000 minimum deposit to open account.

Features:

  • Three-month to five-year certificates available.
  • Interest compounded daily, credited monthly.
  • FDIC Insured.

Restrictions:

You may not make any deposits into your account before maturity.