It's never too early and seldom too late to begin saving money for the future. We offer several plans that can help you reach your savings and investing goals. At Industrial Bank, you can choose from savings and CD plans with a variety of features. All our savings accounts and certificates of deposit are insured to the full limits of the FDIC. Review the chart below to find the plan that's right for you. Or visit us and we'll be happy to sit down with you to help you choose the best account for your needs.

Our savings* accounts offer financial security, competitive interest rates, and maximum flexibility.

Goal Savings*

• A minimum monthly balance of $200 is required; otherwise, a service charge of $5.00 may be assessed
• One (1) no-fee withdrawal per statement cycle

(A $5.00 fee for withdrawals exceeding one (1) per monthly statement cycle)

Prestige Savings*

• Daily minimum balance of $1,500
• A $10.00 service fee per month may be assessed if minimum balance falls below $1,500
• Three (3) withdrawals per month.( a $4.00 service charge may be assessed for withdrawals exceeding 3)

*Transfers are limited to no more than six per statement cycle of which no more than three may be by ACH transaction to a third part or ATM/debit card point – of – sale (POS) transaction. Any additional transfers over these limits may incur an additional service charge. For customers who continue to violate these limits after they have been contacted by the bank, the bank will close the account and place the funds in another account the depositor is eligible to maintain.

Statement Savings

• Low minimum opening deposit.
• No monthly service charge if the minimum balance is maintained –
• No service charge for our younger savers under 18
• Competitive interest rates
• Ready access to your cash through ATMs.
• Quarterly statements.
• Two FREE withdrawals per month.

Prestige Savings

• Tiered interest rates for those who maintain higher balances
• No monthly service charge if the minimum balance is maintained
• Competitive interest rates.

Money Market Account

• Check writing privileges - up to six FREE transfers per month from your account, three of these may be by check
• Ready access to your money
• No monthly service fee is charged if the minimum balance is maintained.

Certificates of Deposit (CDs)

Compare CDs

CDs are a convenient savings option when you want to know exactly how much your money will earn in a fixed period of time. An Industrial Bank specialist can provide guidance on the option that is right for you.

• Higher earnings with a guaranteed interest rate.
• Terms from 30 days to 30 months.
• Minimum deposit as low as $500
• Several interest payment options
• Automatically renewable

CDARS

• Safety – Your money can access multi-million dollar FDIC insurance coverage.
• Convenience – You work directly with us. You earn one interest rate and receive one regular statement, and one year-end tax form.
• CD-Level Rates – Your money earns CD-level returns which may compare favorably with other investment alternatives, including Treasuries, corporate sweep accounts, and money market funds.

Find Out More

Individual Retirement Accounts (IRAs)

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

• The competitive rate of interest you earn with an Industrial Bank IRA enables your savings for retirement to grow rapidly
• Low Minimum opening deposit with a variety of terms
• Industrial Bank is a member of the Federal Deposit Insurance Corporation (FDIC); so all IRA deposits are insured to $250,000

Visit any Industrial Bank Branch to open an Industrial Bank Savings Account, CDs or IRAs.