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Whether it’s a vacation or an unplanned expense—pay for what you need today without incurring debt for tomorrow. If you’re looking for a simple savings account to stash your funds and earn interest on your balance, Statement Savings is a good option.

Key Features

  • Competitive Interest
  • No Monthly Fees
  • Digital Banking

Do you currently have an account with West Shore Bank?

Benefits of a statement savings account

This type of personal savings account is suited for a variety of needs and age groups.

  • FDIC-insured: Safe place to deposit your money with funds insured up to $250,000.
  • Competitive Interest Rate: Grow your savings faster with a competitive rate of return.
  • No Monthly Fees: Quarterly fee is waived for accountholders under age 18 or with a $100 minimum daily balance
  • Digital Banking Tools: Access your account online and in our mobile app. View transactions and balance, transfer funds, deposit checks, chat with a Customer Care rep, and more. 

Requirements of a statement savings account

Learn what is needed to open and maintain a statement savings account.

  • $100 minimum deposit to open
  • 6 electronic withdrawals allowed per month: unlimited ATM or in-person withdrawals
  • Waive the $5 quarterly fee:
    • Under age 18, or
    • Maintain a minimum daily balance of $100

Open A Statement Savings Account

West Shore Bank has been Making a Difference Since 1898. For over a century, West Shore Bank has remained committed to helping the people and businesses along the lakeshore to improve their financial well-being. Visit one of our nine locations in Ludington, Frankfort, Hart, Manistee, Onekama, Scottville, or Traverse City.

Apply now to open a savings account and enjoy all our digital services such as online banking, mobile banking, digital wallet, Zelle, and our MoneyTracker budgeting and financial planning tool.