Personal Savings

Build your savings. Build your life. At Summit, we care about your future financial goals and we're here to help you reach them. Our Savings accounts can help you put money aside for a rainy day, college, a vacation or anything else. Start saving today for the short- term or the long-term and know, we're here every step of the way.

  • Statement Savings

    Start small,  achieve great things.

    Welcome to our Statement Savings.  It's our simplest savings account, but it's anything but basic. With a low minimum balance requirement and interest on any balance over $25.00, it's a totally easy way to make saving part of your life, without making waves in your current cash flow. 

    Save simply.

    With only a $25.00 minimum to open and up to 6 penalty-free withdrawals per month, even the smallest savers can benefit from this account.


  • Savings Club

    It all adds up.

     Our club accounts are special short-term savings accounts to help you save quickly for the holidays, a vacation, or special event. Open your account at any time, and while you make contributions, we safeguard your money (with interest!), so you're not tempted to spend it.  Choose from flexible cycles that give you the right amount of time to meet your goal. When the account "matures", we'll cut you a check for the amount of the saved funds! 

    Auto Debit and Coupon Book

    Make contributions to your savings club via auto-debit, payroll deductions, internet banking transfers, or by using deposit via coupon book method. Interest is not earned when the coupon book method is used. There are no minimum balance requirements! 

    Earn a single variable interest rate on amounts greater than $0.01 and use our mobile banking feature to keep an eye on your growing savings!

    Minimum $1.00 to open
    $12.50 early withdrawal fee assessed for every withdrawal prior to maturity date. 



  • Summit Elite Savings

    A smart high-yield savings account and a simply straightforward checking account.

    Enjoy the best of the best with our Summit Elite Accounts.  Make your money work double time with this unique pair of accounts which matches a basic checking account with a high-earning potential savings account*.     

    It's the best of both worlds. In one package.

    • No minimum balance required to avoid service fee.

    • Enjoy ATM fee rebates up to $20.00 (Checking only) 

    *Total of $50 required to open both Summit Elite savings and checking accounts  ($25.00 Summit Elite Checking and $25.00 Summit Elite Savings). You must maintain both the Summit Elite Checking and the Summit Elite Savings accounts, have a minimum of five (5) POS Debit Card (PIN or signature based) transactions that post and settle per month in the Summit Elite Checking account, and receive E-statements for both the Summit Elite Checking and Summit Elite Savings accounts in order to obtain the ATM rebates on the Summit Elite Checking and the qualifying interest rate on the Summit Elite Savings. Rate may change after the account is opened. If these guidelines are not met, you will no longer receive the ATM rebates on the Summit Elite Checking account and the interest rate on your Summit Elite Savings account will drop to the non-qualified interest rate, which may change at our discretion. In addition, there is a minimum balance of $25.00 to earn interest on the Summit Elite non-qualifing Savings. Annual Percentage Yield (APY).

    Nationwide ATM rebates of service fees when using a Summit Debit card at any foreign networks. Maximum credit amount allowed for ATM rebates is $20.00 per statement cycle. This fee will be credited monthly to your account. Summit Elite Savings Account is limited to six (6) withdrawals per month. Any withdrawals over six will incur a $5.00 charge. Fees will reduce earnings.

    As of 9/22/2023, Annual Percentage Yield (APY) and tiers for the Summit Elite Savings are as follow: <$1,000 1.00%; $1,000-$4,999 1.00%; $5,000-$9,999 1.00%; $10,000-$24,999 1.00%; $25,000-$49,999 0.02%; $50,000-$99,999 0.02%; $100,000-$249,999 0.02%; >$250,000 0.02%. 

    Non-qualified interest rate: As of 9/22/2023, Annual Percentage Yield (APY) and tiers are as follow: <$25 0.00%; $25-$999 0.02%; $1,000-$9,999 0.10%; $10,000-$49,999 0.25%; >$50,000 0.50%. Rate may change at our discretion. Minimum daily balance of $25.00 required to obtain the APY.”


  • Junior Savings

    An early savings account can help children learn that money matters.

    For beginner savers, under age 18, our Junior Savings account is one of the best ways to jumpstart their future. It's never too early to learn how to manage finances.  

    We donate the first dollar.

    Because we know every penny counts when helping our young people get the best financial start.

    No minimum balance requirements while primary account holder is under 18 years of age. 

    $5.00 fee for every withdrawal over 6. Interest compounded quarterly. $5.00 monthly service charge assessed if daily balance is < $25.00 once primary account holder is age 18 or older.



  Statement Savings Auto Debit Savings Coupon Savings Summit Elite Savings Junior Savings
Minimum to Open $25.00 $1.00 $1.00 $25.00 $1.00(donated by SCB)
Minimum to Earn Interest $25.00 $.01 N/A $.01 $.01
Minimum Balance Requirement/Service Fee $25.00 / $5.00 fee if falls below N/A N/A No Minimum balance requirements No Minimum balance requirements Once 18 – $5.00 fee if falls below $25.00
Withdrawal Restrictions $5.00 Charge for every withdrawal over six $12.50 fee assessed each time amount is withdrawn before redemption date $12.50 fee assessed each time amount is withdrawn before redemption date $5.00 Charge for every withdrawal over six None
Once 18 –$5.00 Charge for every withdrawal over six
Account Restrictions N/A No Withdrawals Allowed No Withdrawals Allowed Must have Summit Elite Checking Must be under 18 yrs. old to open
When is Interest Compounded Quarterly Pre-determined Cycle date N/A Monthly Quarterly
Interest Calculation Calculated on Collected Daily Balance Calculated on Collected Daily Balance N/A Calculated on Collected Daily Balance Calculated on Collected Daily Balance

Please contact us to obtain complete disclosures of all fees related to these accounts.