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Personal Savings Accounts

Savings Accounts

We offer four options for Personal Savings accounts, outlined below. Come into any Baker Boyer branch location and ask to speak with a Personal Banker to learn more and to figure out which one is best for you. Or click here to view or print a comparison chart. 

Regular

  • Opening Balance: $100
  • Service Charge: $5 monthly service charge, waived with a minimum daily balance of $400
  • Other Account Fees:  No Baker Boyer imposed fee for debit card & ATM transactions. Excessive savings account withdrawals $5 each after 6*
  • Interest: Interest is earned daily and paid quarterly on collected balance, if greater than $400.

Minor (under age 21)

  • Opening Balance: $25
  • Service Charge: $5 monthly service charge, waived with a minimum daily balance of $25
  • Other Account Fees: No Baker Boyer-imposed fee for debit card & ATM transactions. No-fee ACH transactions. 
  • Interest: Interest is earned daily and paid quarterly on collected balance, if greater than $25.

Merit (62+ years)

  • Opening Balance: $100
  • Service Charge: $5 monthly service charge, waived with a minimum daily balance of $100
  • Other Account Fees:  No Baker Boyer-imposed fee for debit card & ATM transactions. No-fee ACH transactions. 
  • Interest: Interest is earned daily and paid quarterly on collected balance, if greater than $100.

Money Market Gold

  • Opening Balance: $5,000
  • Service Charge: $15 monthly service charge, waived with a minimum daily balance of $5,000
  • Other Account Fees: No Baker Boyer-imposed fee for debit card & ATM transactions. No-fee ACH transactions.
  • Interest: Interest is earned daily & paid monthly on collected balance. Rates subject to change daily. Interest-based on current ledger balance tiers.** 

Regular, Minor, Merit, and Money Market Gold Savings accounts are limited to six pre-authorized transfers, checks to a third party, or automatic transfers (such as mortgage or
insurance payments) per statement cycle. We reserve the right to not pay accrued interest if account is closed prior to payment date.

*Excessive withdrawal fee applies when the account exceeds 6 pre-authorized third party withdrawals per statement period (if not more than 31 days). If statement period is
quarterly, 6 pre-authorized withdrawals are allowed per calendar month. 

**Interest Balance Tiers

$0 to $24,999.99
$25,000.00 to $49,999.99
$50,000.00 to $99,999.99
$100,000.00 to $249,999.99
$250,000.00 and over