Savings
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| Simply Savings | Money Market Savings | WestStar Money Market | Youth Savings | |
|---|---|---|---|---|
| Minimum Opening Deposit | $100 | $100 | $50,000 | $50 |
| Monthly Service Fee | $5 | $10 | $15 | $5 |
| Balance to Avoid Monthly Service Fee | $3001 | $1,0001 | $50,0001 | $501 |
| Interest Rate | Variable | Variable | Variable | Variable |
| Number of Free Withdrawals | 62 | 62 | 62 | 62 |
| Withdrawal Fee if Over Limit (each) | $10 | $10 | $10 | $10 |
| Free Statements | Quarterly | Monthly | Monthly | Quarterly |
| FREE: Online and Mobile Banking3, Mobile App3, 24-Hour Bank-by-Phone, Account Alerts, ATM Card, and Access to 55,000+ Surcharge-Free ATMs. | Yes | Yes | Yes | Yes |
| Other |
Account must be linked to a Preferred or Gold Account. |
Account available to children 18 and under with a parent that has an existing account. |
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There will be a $25.00 fee for accounts closed within 90 days of opening.
Fees may be subject to state and local taxes, which vary by location.
Simply Savings
WestStar Simply Savings is an interest bearing account with a low opening deposit. In addition to a competitive interest rate, you’ll receive the first six withdrawals at no charge per month1 and quarterly statements.
- Minimum Opening Balance: $100
- Minimum Balance to Avoid Service Charge: $3002
- Monthly Service Fee if Balance Falls Below Minimum: $5
- Interest Bearing: Compounded daily and paid monthly.
Money Market Savings
With a Money Market Savings account from WestStar, you’ll enjoy competitive interest rates without tying up your company’s money for a set amount of time. In addition to tiered interest rates, this account includes free online banking, an ATM card, and six withdrawals or transfers per month1.
- Minimum Opening Balance: $100
- Minimum Balance to Avoid Service Charge: $1,0002
- Monthly Service Charge: $10
- Interest Bearing: Paid monthly on the daily collected balance.
Youth Savings
Our Youth Savings account provides the same features as our Simply Savings and is available to children under the age of 18 with a parent who has an existing account with us.
- Minimum Opening Balance: $50
- Minimum Balance to Avoid Service Charge: $502
- Monthly Service Fee if Balance Falls Below Minimum: $5
(1) Simply Savings: A service fee of $5 will be imposed every month if the balance in the account falls below $300 any day of the month. Money Market Savings: The monthly service fee is waived if a minimum average monthly collected balance of $1000 is maintained. WestStar Money Market: The monthly service fee is waived if a minimum average monthly collected balance of $50,000 is maintained. Youth Savings: A service fee of $5 will be imposed every month if the balance in the account falls below $50 any day of the month.
(2) Withdrawals from a Simply Savings, Youth Savings or Money Market Accounts are limited to six during a calendar month. A $10 fee will be assessed for each withdrawal in excess of six. Withdrawals include transfers to another account of yours or to a third party by means of a preauthorized or automatic transfer, telephone order or instruction, online transfer, or by check, draft, debit card or similar order to a third party.
(3) Cellular carrier message rates and data rates may apply.