Whether you are saving for college, retirement, or anything in between; we have several savings options available to meet all the needs of our customers.
QRewards Savings
If you already have the best rewards checking account, why not pair it with a savings counterpart! QRewards Savings works together with either your QRewards Cash Back or QRewards Plus checking account. The rewards you earn in either account are automatically deposited to your linked QRewards Savings account. All you have to do is meet the easy monthly qualifications. Did we mention that QRewards Savings also earns its' own great interest rate!
Summary
- Earn 0.50% APY* on balances up to $20,000
- 0.50% to 0.25% APY on balances over $20,000 depending on balance in account*
- Earn 0.01% APY* if qualifications aren't met
- Link a QRewards Savings account to a QRewards Cash Back or QRewards Plus account for free!
- No minimum balance requirement
- No monthly service fee
- Free online banking & bill pay
- Free mobile banking
- Free eStatements
- $20 minimum deposit to open
- Limit ten (10) debit transactions per calendar month/statement cycle to avoid excessive withdrawal service fee.
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It's Easy to Qualify!
Qualifying for your QRewards Cash Back or QRewards Plus rewards automatically qualifies you for the highest QRewards Savings rate. Simply do the following activities and transactions in your QRewards Cash Back or QRewards Plus account each monthly qualification cycle:
- Have at least 1 direct deposit or ACH payment transaction(s)
- Have at least 12 debit card purchases post and settle
- Be enrolled in and agree to receive eStatements rather than paper statements
It's no problem if you don't meet the qualifications one month. Both accounts are still free and you still earn our base interest rate in your QRewards Savings account. And you can get back to earning rewards the very next cycle.
Open Now
A QRewards Savings account must be paired with either a QRewards Cash Back or a QRewards Plus checking account. Please select the option below that describes your account opening preference:
QRewards Cash Back Options:
- I would like to open a QRewards Savings account and pair it with a QRewards Cash Back account.
- I have a QRewards Cash Back account and want to add the QRewards Savings account.
QRewards Plus Options:
- I would like to open a QRewards Savings account and pair it with a QRewards Plus account.
- I have a QRewards Plus account and want to add the QRewards Savings account.
Open Now Learn More
Regular Savings Account
A Regular Savings account is an ideal account for those who are looking to start saving today!
Summary
- No minimum balance requirement
- No monthly service fee
- Free online banking & bill pay
- Free mobile banking
- Free eStatements
- Quarterly statement unless an electronic transaction occurred, then a monthly statement is sent
- $20 minimum deposit to open
- Interest is compounded and credited quarterly
- Limit ten (10) debit transactions per calendar month/statement cycle to avoid excessive withdrawal service fee
Savings Club Account
A Savings Club account is an interest bearing service charge free savings account. The account reaches maturity the first week of October each year and is paid to the customer via check or direct deposit depending on the payment option selected by the customer.
Summary
- No minimum balance requirement
- No monthly service fee
- Free online banking
- Free mobile banking
- $10 minimum deposit to open
- Interest is credited annually
- Withdrawals are not permitted on Savings Club accounts*
Interested in opening a Savings Club account? Visit any one of our nine branch locations today!
*Closing a Savings Club account early – if a customer wishes to close their savings club prior to maturity, any accrued interest is forfeited and an early withdrawal penalty fee of 1% of the principal balance or $25 (whichever is greater) will be assessed.Tiered Money Market Account
Our Tiered Money Market account offers tiered interest rates based on balance.
Money Market Savings Summary
- $5 monthly service fee
- Minimum daily balance of $2500 to avoid monthly service fee
- Free online banking & bill pay
- Free mobile banking
- Free eStatements
- $2500 minimum deposit to open
- Interest is compounded and credited monthly
- Limit six (6) debit transactions per calendar month/statement cycle to avoid excessive withdrawal service fee
Premier Money Market Savings Summary
- $25 monthly service fee
- Minimum daily balance of $25,000.00 required to avoid monthly service fee
- Free Online Banking & bill pay
- Free Mobile Banking
- Free eStatements
- $25,000 minimum deposit to open
- Interest is compounded and credited monthly
- Limit three (3) debit transactions per calendar month/statement cycle to avoid excessive withdrawal service fee
Interested in opening a Money Market account? Visit any one of our nine branch locations today!
Make the Switch
Are you interested in switching your accounts to Queenstown Bank but you're not sure how to get started? Use our Switch Kit to help you get started today!
Switch Kit