Savings and CDs


Savings

This simple interest bearing account is designed for the customer who wants get started saving. Whether you're saving for a vacation, Christmas, or for special purchases, this account makes it easy for anyone to reach their savings goal.

Features:

  • Variable interest rate
  • FREE Online Banking
  • FREE Telephone Banking
  • FREE eStatements
  • MasterMoney debit card included if linked with a Heritage Bank checking account
  • Unlimited teller transactions and ATM withdrawals
  • Up to 6 preauthorized withdrawals, electronic transfers, and ACH debit transactions allowed per month

Requirements:

  • $300.00 minimum balance required to waive service charges and earn interest
  • $3.00 plus $2.00 per withdrawal fee if below minimum balance requirement

Paramount Money Market

This account is designed for the customer who is interested in higher rates of interest with limited check writing and transfer capabilities. There are different rate tiers available with higher rates for larger balances.

Features:

  • Fluctuating interest rate
  • Higher rates for higher balances
  • FREE Online Banking
  • FREE Telephone Banking
  • FREE eStatements
  • MasterMoney debit card included if linked with a Heritage Bank checking account
  • Unlimited teller transactions and ATM withdrawals
  • Up to 6 preauthorized withdrawals, electronic transfers, ACH debit transactions, and checks allowed per month

Requirements:

  • A $1,000 minimum balance to waive service charges and earn interest
  • $25.00 maintenance fee if below minimum balance requirement

Heritage Money Market Club

This Club account is designed for the customer who has a higher balance but wishes to keep their funds liquid. There are three different rate tiers available with higher rates for larger balances.

Features:

  • No monthly maintenance fee
  • Fluctuating interest rate
  • Higher rates for higher balances
  • FREE Online Banking
  • FREE Telephone Banking
  • FREE eStatements
  • Unlimited teller transactions and ATM withdrawals
  • Up to 6 preauthorized withdrawals, electronic transfers, ACH debit transactions, and checks allowed per month

Requirements:

  • A $25,000 minimum balance required to earn interest

Certificates of Deposit

A Heritage Bank of Schaumburg Certificate of Deposit is perfect for any customer who would like to invest a larger dollar amount for a specific time frame. They offer a higher yield with minimum risk. Maturities range from 90 days to four years, and interest is fixed for the term of the Certificate of Deposit.

Requirements:

  • A deposit of $1000 is required to open a Certificate of Deposit.
  • Penalties may be assessed for early withdrawals

Individual Retirement Account (IRA)

Heritage Bank of Schaumburg offers Individual Retirement Account options to help you plan for retirement. Our Variable Add-On IRA plan offers you the flexibility to make periodic deposits to your account or set up automatic deposits from your checking or savings account. This type of account has an 18-month term and earns a variable rate of interest. A Fixed Rate IRA plan is also available in a 12-month or 24-month term. No matter what age you are, a Heritage Bank of Schaumburg IRA can help you invest and plan for your future. Contact a Personal Banker today for more information on all of our IRA options.

Features:

  • Competitive Interest Rates
  • Tax Advantages
  • Fixed or Variable Rate
  • Choose from Traditional or Roth IRAs