Banterra offers a variety of savings accounts to meet your growing needs. Whether you are planning for your child’s education or your retirement, or simply reaching personal savings goals or having a safety net for what life may throw your way, we have a saving product to help you. You can open an account online or stop by a Banterra Banking Center near you.
Minimum Requirements
Features
Benefits
Minimum Requirements
Features
Benefits
Earn a higher interest rate, but must maintain the liquidity of their funds with two great money market options from Banterra:
Banterra Money Market
Minimum Requirements
Features
Benefits
Banterra Preferred Money
Minimum Requirements
Features
Benefits
Banterra Health Savings Account (HSA)
A tax-advantaged personal savings account dedicated to medical expenses.
Minimum Requirements
Features
Benefits
Smart funding source and easy payment options for out-of-pocket medical expenses:
To utilize an HSA, no other first-dollar medical coverage (insurance such as specific injury insurance or accident, disability, dental care, vision care or long-term care insurance are permitted).
HSA customers cannot be enrolled in Medicare.
HSA customers cannot be claimed as a dependent on someone else’s tax return.
Header |
Preferred Savings | Smart Kid Savings (age 21 and under) | Money Market | Preferred Money Market | CDs & IRAs | Health Savings Account |
|---|---|---|---|---|---|---|
| Who Would Benefit From This Account | Great for earning interest on higher balances accounts that may occasionally have a lower balance | A great account to get started saving at an early age | The right account if balances are between $2,500 and $10,000 | Perfect for a $10,000 minimum balance account while earning more as the balance grows | A great way to have options for rates and terms on your money | The right account to pair with a high-deductible health plan in order to save and conveniently pay medical expenses |
| Interest Bearing | Tiered | Yes | Yes | Tiered | Yes | Yes |
| Minimum Opening Balance and Balance Required to Earn Interest | $100 | $10 | $2,500 | $10,000 | Varies based on product selected | $100 |
| Service Charge | $2 per statement cycle if balance falls below $100 | None | None if a minimum daily balance of $1,500 is maintained or a minimum average balance of $2,500; otherwise $8.50 per statement cycle | None if a $10,000 minimum daily balance is maintained in combination of identified Preferred Money Market, NOW, Savings, Money Market Deposit Account, Certificate of Deposit or Home Equity Line of Credit accounts; otherwise $10 fee per statement cycle | Penalties assessed for early withdrawal | None |
| Per Item Charge | $2 per item for withdrawals in excess of four per cycle | $1 per item for withdrawals in excess of three per cycle | None | None | None | None |
| Additional Information | Withdrawal limitations apply | Automatically converts to Preferred Savings at age 22 | Withdrawal limitations apply | Withdrawal limitations apply | A variety of terms are available | Contact any branch for additional information and qualifications |
| Who Would Benefit From This Account | Interest Bearing | Minimum Opening Balance and Balance Required to Earn Interest | Service Charge | Per Item Charge | Additional Information | |
|---|---|---|---|---|---|---|
| Preferred Savings | Great for earning interest on higher balances accounts that may occasionally have a lower balance | Tiered | $100 | $2 per statement cycle if balance falls below $100 | $2 per item for withdrawals in excess of four per cycle | Withdrawal limitations apply |
| Smart Kid Savings (age 21 and under) | A great account to get started saving at an early age | Yes | $10 | None | $1 per item for withdrawals in excess of three per cycle | Automatically converts to Preferred Savings at age 22 |
| Money Market | The right account if balances are between $2,500 and $10,000 | Yes | $2,500 | None if a minimum daily balance of $1,500 is maintained or a minimum average balance of $2,500; otherwise $8.50 per statement cycle | None | Withdrawal limitations apply |
| Preferred Money Market | Perfect for a $10,000 minimum balance account while earning more as the balance grows | Tiered | $10,000 | None if a $10,000 minimum daily balance is maintained in combination of identified Preferred Money Market, NOW, Savings, Money Market Deposit Account, Certificate of Deposit or Home Equity Line of Credit accounts; otherwise $10 fee per statement cycle | None | Withdrawal limitations apply |
| CDs & IRAs | A great way to have options for rates and terms on your money | Yes | Varies based on product selected | Penalties assessed for early withdrawal | None | A variety of terms are available |
| Health Savings Account | The right account to pair with a high-deductible health plan in order to save and conveniently pay medical expenses | Yes | $100 | None | None | Contact any branch for additional information and qualifications |
