Savings
At Herget Bank, our goal is to offer a variety of savings products to help make your financial picture brighter throughout the years. That’s why our experienced team will discuss your options with you and then offer guidance that is based on your long-term objectives. Whether you need a savings vehicle that will grow over a period of time or an account that can be used for a specific purpose (like Health Savings or Christmas Club), our bankers can help you decide what’s best for you.
Regular Savings
Herget Bank is the perfect place for you to put your savings and watch it grow while you are working to reach your monetary goals. A Herget Regular Savings account can be opened with a minimum deposit of $100, and you will receive interest on your balance.
Includes:
- Competitive variable interest rates (reviewed and may be adjusted weekly)
- Compounded interest, paid monthly
- Herget Money Card
- 24-Hour Helper (telephone banking)
- Online Banking
- Monthly statements
- Unlimited withdrawals or transfers (if done in person or with a Herget Money Card)
- Up to six transfers to your other Herget accounts or to third parties per month (if done by Herget’s 24-Hour Helper, online banking, preauthorized/automatic debits or telephone agreement)
Note: There are no fees for this account as long as you keep your minimum balance above $100. A $5 fee per month will be assessed if the account balance drops below $100 for any day during that month.
Money Market Accounts
If you tend to maintain a balance of more than $1,500 in your savings account, you can get a better return on your money by moving it to a Herget Money Market account. With this account, your money receives interest based on competitive, tiered rates.
Includes:
- Competitive variable interest rates (reviewed and may be adjusted weekly)
- Compounded interest, paid monthly
- Herget Money Card
- 24-Hour Helper (telephone banking)
- Online Banking
- Monthly statements
- Unlimited withdrawals or transfers (if done in person or with a Herget Money Card)
- Up to six transfers to your other Herget accounts or to third parties per month (if done by Herget’s 24-Hour Helper, online banking, preauthorized/automatic debits or telephone agreement)
Note: There are no fees for this account as long as you keep your minimum balance above $1,500. A $10 fee per month will be assessed if the account balance drops below $1,500 for any day during that month.
Kid's Club
Saving with Herget can help teach your kids the concept of savings and the value of money. As long as your child is under the age of 18, there is no minimum balance requirement on this account.
Christmas Club
Make saving for Christmas easier this year. Join our Christmas Club and automatically put aside money each week, depending on your savings goal. This money will earn interest all year and when shopping season comes next year, you’ll be ready!
Note: If a Christmas Club is closed prior to maturity, no interest will be paid and a $5 service fee will be charged.
Certificates of Deposit
A Certificate of Deposit from Herget is a great, conservative way to put your savings to work for you. By agreeing to leave your money in the Bank for a pre-arranged period of time (anywhere from a few months to a few years), you get a higher interest rate than you would get from a traditional savings account. Available for a variety of terms and interest rates, Herget CDs allow you to customize your investment to reach your savings goals.
Note: There is no early withdrawal penalty if you keep your CD until maturity.
