Statement Savings

A Statement Savings Account at West Shore Bank is designed to help you save money while earning interest. It allows you to stash away funds for future needs such as vacations or unexpected expenses without incurring debt. With competitive interest rates and no monthly fees, it's a smart choice for anyone looking to grow their savings.

your deposits up to $250,000, a competitive interest rate to help your savings grow, and no monthly fees for those under 18 or maintaining a $100 balance. Plus, you gain access to digital banking tools for easy account management.

Opening a Statement Savings Account is simple! You just need a minimum deposit of $100. You can visit any of our local branches or start the process online. Our friendly team is here to assist you every step of the way.

There are no monthly fees for our Statement Savings Account! However, there is a $5 quarterly fee if you do not meet the requirements of being under 18 or maintaining a minimum daily balance of $100. This ensures your savings can grow without unnecessary costs.

Absolutely! With our digital banking tools, you can access your Statement Savings Account online or via our mobile app. This allows you to view your transactions, check your balance, transfer funds, and even deposit checks with ease.

You can easily withdraw funds from your Statement Savings Account whenever you need. Just be mindful of the account requirements to avoid any fees. We're here to help you manage your savings effectively while still providing you with access to your money when needed.

Yes, your money is safe with us! All deposits in our Statement Savings Account are FDIC‑insured, protecting your funds up to $250,000 per depositor, per insured institution, for each account ownership category. Your financial security is our top priority.

Our Statement Savings Account offers a competitive interest rate designed to help your savings grow faster. We encourage you to visit our website or contact us for the latest rates tailored to your savings goals.

Yes! Minors can open a Statement Savings Account with a parent or guardian as a co-owner. This is a great way to introduce them to savings and help them learn about managing money responsibly.

With your Statement Savings Account, you’ll have access to a variety of digital banking features, including viewing your balance and transactions, transferring funds, making mobile check deposits, and chatting with our Customer Care team for support. You can also use the Savings Center to set savings goals and schedule automatic transfers, making it easier to build your savings over time.

West Shore Bank takes pride in being community-oriented, offering personalized banking services, and participating in local events and initiatives that foster growth and support for local businesses.

If you have any additional questions or need assistance, please don’t hesitate to reach out. You can contact us by phone, visit one of our local branches, or chat with us directly within digital banking. Our team is always ready to provide the support you need.