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Our savings accounts offer competitive interest rates and the security of FDIC insurance. Check out each of our account options to determine which makes the most sense for your situation.
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NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS
All funds in a “noninterest-bearing transaction account” are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010 through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC's general deposit insurance rules.
The term “noninterest-bearing transaction account” includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes Interest on Lawyers Trust Accounts ("IOLTAs"). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts and money-market deposit accounts.
For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.
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Statement Savings
| Best for You if |
You want a savings account that earns interest with easy access to your money |
| Fee |
$5 per quarter |
| Waive the Fee When You |
Keep a $100 minimum daily account balance 1 |
| Minimum Opening Balance |
$100 |
| ATM Card and Internet Banking |
Free |
| Transaction Limits |
Maximum six electronic transactions per month. Unlimited ATM or in-person withdrawals. |
| Other Features |
No fee charged for customers under the age of 18 |
(1) If the daily balance is not maintained, the applicable fee will be assessed.
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Money Market Savings
| Best for You if |
You'd like to earn a higher tiered interest rate on your money, while still having access to use it when needed. |
| Fee |
$12 |
| Waive the Fee When You |
Keep a $1,000 minimum daily account balance1 |
| Minimum Opening Balance |
$100 |
| ATM Card and Internet Banking |
Free |
| Transaction Limits |
Six transactions per month, electronic or check. Unlimited ATM or in-person withdrawals. |
(1) If the daily balance is not maintained, the applicable fee will be assessed.
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Health Savings
A Health Savings Account (HSA) is a tax-exempt custodial account established exclusively for the purpose of paying or reimbursing qualified medical expenses for an individual, spouse or dependents. HSA's are available to anyone enrolled in a qualified, high-deductible health insurance plan. This transaction account allows check writing, debit cards, ACH activity and earns interest at a tiered rate. The HSA requires a $1,000.00 minimum balance to avoid a monthly service fee.
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SteadySaver Account
This account is ideal if you want the discipline of an automatic savings program. Saving has never been easier.
- Specify an amount to be automatically transferred each month from your West Shore Bank checking or savings account into a certificate of deposit ($25 minimum required)
- Choose the term option that matches your goals (6, 12, 18, or 24 months.)
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Certificates of Deposit are a safe, conservative investment and a convenient place to store money you may need in four years or less. Your principal is insured and your interest rate is guaranteed, so you know up front exactly how much you’ll earn. Terms range from 90 days to 48 months. The longer your term, the more you’ll earn. But remember: A penalty applies if you withdraw money before your CD matures.
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Member FDIC