Protect, save, and grow your funds with easy access.

Statement Savings Accounts

Statement Savings Accounts

Protect, save and grow your money with a competitive interest rate. Make unlimited deposits and withdrawals with no withdrawal penalty. Interest is compounded and paid monthly. It takes just $25 to open and a $100 minimum average daily balance to earn interest.

  • $25 minimum deposit to open an account
  • Interest is compounded and credited monthly
  • Earn interest with an average daily balance of $100 or more
  • Make deposits and withdrawals any time1
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Free Perks with Every Statement Savings Account

Secure Your Savings

Your savings are backed by Northwest Bank and insured by the FDIC for up to $250,000*

Get $10 with eStatements†

Enroll all your accounts in eStatements to receive $10 and avoid paper statement fees. 

Waive Monthly Service Fees

Your savings balance can help waive monthly service fees on an Affinity Plus or Affinity Premier checking account

Online and Mobile Banking

Featuring Bill Pay, Zelle®, alerts, Money Insights, fraud prevention software, CardValet®, and more

Use our financial tips and tools to learn strategies to help your savings grow.

How to build an emergency savings fund

An emergency savings fund can help you prepare for potential problems that appear on your horizon like car repairs, job loss, or many other situations. Read this article to learn how to build an emergency savings fund, how much you may need, and finding ways to save.

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The difference between Savings and Money Market accounts

Choosing between a savings account or a money market account may seem daunting. Let us help by explaing the difference between these two common savings accounts to help you determine which may be the right account for you.

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Calculator: Saving towards a goal

How much you save, for how long, and the interest you earn are all factors in reaching your savings goals. Use our savings goal calculator to determine what steps you need to take to reach your savings goal.

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1For Statement Savings and Money Market Deposit Accounts, Federal law does limit the number of electronic debits, including telephone transfers, internet transfers, ACH transactions and checks. See bank for details.

*FDIC insurance up to $250,000 per depositor for each ownership category. See bank for complete details. Other rates and terms available. Northwest Bank is Member FDIC. Rev. 2/14/2022

†To qualify for the additional $10 bonus, you must enroll all Northwest accounts in eStatements. The bonus will be paid to an eligible checking or savings account where you are listed as a primary owner. Bonus is subject to IRS 1099-MISC reporting and will be credited to your account within 30 days of satisfying requirements. Not eligible on business accounts. Additional restrictions may apply. See branch for details. Offer subject to change, including cancellation, at any time without notice.