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Savings

Whether you are just starting out, or have been saving for a while, Enterprise Bank has the savings product to suit your needs. Be sure to check out our great CD rates too.

To open a savings account, stop by or contact an Enterprise Bank location today to learn more. 

Account TypeStatement SavingsFirst SavingsMoney Market Savings

Minimum to Open:

$50

$10

$1,500

Minimum Balance to Avoid Service Charge:

$200

$0

$1,500

Monthly Service Charge:

$3 per Statement Cycle, $0.25 per debit transaction after 3

$0, $0.25 per debit transaction after the first 3

$7.50 per Statement Cycle, $0.25 per debit after the first 6

Rules:

Limit of 6 debit transactions of certain types per Reg D. In-branch withdrawals and in-branch transfers do not count.

Must be under 19 years old to open. Limit of 6 debit transactions of certain types per Reg D. In-branch withdrawals and in-branch transfers do not count.

Limit of 6 debit transactions of certain types per Reg D. In-branch withdrawals and in-branch transfers do not count.

Features:

Interest bearing account.

Interest bearing account.

Interest rate is tiered by balance. Allowed to write up to 6 checks per month.


Health Savings Accounts

Qualified individuals eligible under a high-deductible health plan can establish a Health Savings Account (HSA). Contributions made to your HSA are fully tax-deductible, earnings are tax-deferred and distributions used to pay for qualified medical expenses are tax-free. All unused contributions stay in your account, earning tax-deferred interest until you need them. The money in your HSA also remains available even if you change health plans, employers, or retire.

Consult your tax advisor regarding the tax advantages of an HSA.

Benefits

  • No annual maintenance fee
  • Interest is paid on all balances
  • Free Visa® Debit Card

To open a Health Savings Account, stop by or contact an Enterprise Bank location today to learn more.
Health Savings Account Video


Certificates of Deposit

For years people have looked to Certificates of Deposit (CDs) as a good way to protect their money and earn predictable interest. At Enterprise Bank we offer a variety of Certificates of Deposit to fit your specific needs and some accounts may be opened for as little as $500. Generally, the longer the money is on deposit, the higher the interest rate.

Benefits

  • Flexible maturities from 3 months to 60 months
  • Interest rate and annual percentage yield are fixed so you can count on fixed returns throughout the term
  • Automatically renewable
  • Competitive interest rates*
  • Interest may be added to the CD, paid by check, or deposited into another Enterprise checking or savings deposit account

*Rates reviewed weekly and subject to change without notice. Early withdrawal penalty could reduce the earnings on account.

To open a Certificate of Deposit, stop by or contact an Enterprise Bank location today to learn more.


Individual Retirement Accounts

*Certain eligibility requirements apply for IRA account holders

Individual Retirement Accounts (IRAs) are self-directed accounts and allow certain tax advantages so you can plan for retirement. Three reasons to open an IRA account include: (1) Tax Savings, (2) Tax Deferred Earnings, and (3) Retirement Security. We offer both term certificate accounts for IRA contributions and a variable rate IRA.

To open an Individual Retirement Account, stop by or contact an Enterprise Bank location today to learn more.

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