Statement Savings

Whether it’s a vacation or an unplanned expense—pay for what you need today without incurring debt for tomorrow. 
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Stash your funds and earn interest.

Statement Savings is a good option to start growing your money by earning interest.

Key Features

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Competitive Interest
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No Monthly Fees

What are the 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
  • 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, we have remained committed to helping the people and businesses along the lakeshore to improve their financial well-being. Bank with us in person or on the go! Visit one of our nine Michigan branches in Ludington, Frankfort, Hart, Manistee, Onekama, Scottville, or Traverse City.

Apply now to open a statement savings account and get started on your savings goal today! 
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Putting you on the road to retirement.

We can help you customize an investment and wealth management plan unique to your assets, family values, and objectives.