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SAVINGS SOLUTIONS

Start saving now with one of Industrial Bank’s FDIC insured plans. Our savings and investment plans offer every advantage: financial security, competitive interest rates and maximum flexibility. Therefore, whether you are saving for a college education, your first home or planning your retirement, we can provide the best solution to meet your needs.

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Goal Savings

Reach your savings goals with the Industrial Bank Goal Savings account

  • Customize to your specific savings goal
  • Free automatic transfers from your Industrial Bank checking account
  • No monthly fee when you make at least one deposit per month

Statement Savings

With Statement Savings you are making every penny count. This is the ideal savings account if you are just getting started with saving money. Low minimum opening deposit.

  • Low minimum balance required
  • Funds may be used as loan collateral
  • Free automatic transfers from your Industrial Bank checking account

Elite Savings

  • Competitive interest rates for those who maintain higher balances
  • May be linked to checking account for overdraft protection
  • Free automatic transfers from your Industrial Bank checking account

Minor Savings

A special savings account designed for minors

  • Open with as little as $5.00
  • No monthly service fee
  • Free gift when account balance reaches $500
  • Free transfers from guardian account

Money Market

  • Tiered interest rates for those who maintain a higher savings balance
  • Competitive interest rates
  • Check writing privileges
  • Free automatic transfers from your Industrial Bank checking account

Bank on DC Savings

Bank on DC is a collaborative effort between the District Government and Industrial Bank. This program proudly provides access to financial services and products to qualifying households in the DC Metro Area.

  • Low opening deposit required
  • No monthly fee when you make at least one deposit per month
  • Free automatic transfers from your Industrial Bank checking account

Certificates of Deposit (CDs)

A CD is a great investment because your return is guaranteed

  • Terms from 30 days to 48 months
  • Competitive and guaranteed interest rates for the term of investment
  • Interest payment via ACH
  • Automatically renewable
  • Bonus rate for Jumbo Certificates

CDARS®

CDARS®, or the Certificate of Deposit Account Registry Service®, is one of the easiest, most convenient ways to access multi-million-dollar FDIC insurance on large deposits. Because of this, many clients have found CDARS® to be an excellent alternative to investing in Treasuries. Contact your personal banker for more information. Find Out More

Individual Retirement Account*

Plan for your retirement by opening a personal tax-sheltered retirement plan with tax-deferred interest.

  • Low minimum deposit required
  • Terms from 90 days to 30 months
  • Competitive interest rates
  • Maximize earning potential

*Early withdrawal penalties may apply.


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Pay Yourself First!

They always say it's easier to save money that you never see. That's what you can do with Industrial Bank Automatic Savings Plan.

You set up the date and amount of money each month that you want transferred from your Industrial checking account to your Industrial savings account. Or you can transfer using Telebanc. Saving has never been easier!