Savings Account Options

Savings Accounts


Rewards Savings

It’s time to GROW your money.


If you have Rewards Checking, you are also eligible for Rewards Savings! This savings account pays GREAT rates on savings balances over $25,000, and offers easy access with Free Online Banking and Mobile Banking.




  Rewards Savings Money Market Savings Basic Savings
 
Special
Requirements
Rewards Checking is required. None None
Minimum
to Open
$25,000 $2,500 $25
Minimum
Daily Balance
$25,000 $2,500 $25
Interest Yes, tiered:
  • $0 - $24,999
  • $25,000 - $99,999
  • $100,000+
Yes, tiered:
  • $0 - $24,999
  • $25,000 - $99,999
  • $100,000+
Yes
Fall
Below Fee
$10/monthly (plus interest rate reduction to the Basic Savings rate for that cycle) $5/monthly $5/quarterly
Additional
Benefits
  • Free Online Banking
  • Free Mobile Banking
  • Free Online Banking
  • Free Mobile Banking
  • Free Online Banking
  • Free Mobile Banking

Back To Top »

Special Perks for Youth Ages 0-18

Open a Basic Savings Account and enjoy these benefits:



Back To Top »

 


Business Savings Accounts

Money Market
Savings
Basic Savings
 
Special Requirements None None
Minimum to Open $2,500 $25
Minimum Daily Balance $2,500 $25
Interest Yes, tiered:
$0 - $24,999
$25,000 - $99,999
$100,000+
Yes
Fall Below Fee $5/monthly $5/quarterly
Additional Benefits • Free Online Banking
• Free Mobile Banking
• Free Online Banking
• Free Mobile Banking

Back To Top »

HSAs & IRAs

 
Tax-advantaged accounts for you and your employees.
Health Savings Accounts (HSAs). If you have a high deductible health insurance plan, you can contribute to your HSA tax-free. In addition, your money grows tax-free and you can withdraw tax-free if you use the money for eligible medical expenses. 1
Individual Retirement Accounts (IRAs). It's never too early to save for your retirement. An IRA offers special tax advantages to those who qualify. Put the power of compounding to work for you and build peace-of-mind with a retirement nest egg. 2
Meet with a Kensington Bank HSA or IRA Specialist today!

Back To Top »
  1. Subject to qualifications. $20 annual fee per account.
  2. Subject to qualifications. $10 IRA transfer fee may apply.