GRB understands the value of giving you several options for flexible, low-cost savings accounts. Maintaining a savings account is important to your financial future and can be used to:
- Limit your temptation to spend by keeping money separate from a more easily accessible (spendable) checking account.
- Provide a focus on savings, creating good habits that will really pay off in the long run. Use a savings account to put money aside for a “goal,” like a trip or buying a home.
- Keep a little money for a rainy day (think car repair, sudden job loss, illness).
- Insure your money through the FDIC (up to $250,000). When cash is left at home, it can be lost to theft, flood, fire, etc.
Reach out to a GRB Personal Banker to discuss the balances you plan to keep in your savings account and what your financial goals and timeline are so you can decide on an effective savings strategy.
Still have questions? Read our Checking and Savings Account FAQs for more information.
Maintain access to your funds, but earn interest on larger balances
Earn higher interest with a higher minimum daily balance
Earn interest with a low minimum balance
OR $100,000 in personal and business accounts combined (excluding CDs)
*Service charge will apply if the average daily balance falls below the account minimum.
** Rates and terms may change without notice after account opening. The minimum opening balance is $0. Requires Elite Checking. Rates and terms may change without notice after account opening. The minimum opening balance is $0. Requires Elite Checking account. Monthly balance requirement is calculated using average monthly balances from checking, savings, and money market accounts only. CDs not included. A $35 monthly fee will be charged if the minimum balance requirements are not met.